International News

PERILS Discloses Final Loss Estimate for UK Storm Desmond of £604M

PERILS AG has today disclosed its fourth and final loss estimate for the floods in the UK which occurred Dec. 4-24, 2015 and were linked to storm Desmond and other low pressure systems. The revised estimate of the insured property …

XL Catlin Launches Emergency Security & Disaster Evacuation Solution

XL Catlin’s insurance operations announced the launch of an Emergency Security and Disaster Evacuation (ESDE) solution for businesses with employees working internationally. This new solution, underwritten out of London, Guernsey, Hong Kong and Singapore, has been designed to respond to …

What Executives Need to Know About Managing D&O Liabilities: Allianz Report

Company directors and senior managers across the globe are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil litigation, which not only put their company’s assets, and their own assets, at risk, but also may threaten their personal …

Krefta Named CEO of Hiscox Re and ILS, Succeeding Pinchin

Specialist global insurer Hiscox announced that Michael Krefta has been appointed CEO of Hiscox Re and ILS, and CEO of Hiscox Bermuda, effective Aug. 1, 2017. He will succeed Jeremy Pinchin who, after five years in Bermuda, will return to …

Skuld’s Special Purpose Arrangement, Agora, Completes Senior Team

Skuld announced the completion of the senior team at Agora, the special purpose arrangement (SPA) of Skuld Syndicate 1897, specializing in the property direct & facultative (D&F) and treaty markets. The SPA started trading in January 2016. “Agora, led by …

Chinese Insurers May Hike Overseas Investments by $100B over 3 Years: BNP Paribas

Chinese insurers may boost outbound investment by about $100 billion over the next three years, as they seek to diversify risks through buying more overseas securities, private equity and real estate, BNP Paribas said on Thursday, citing a survey. This …

Hamilton Underwriting at Lloyd’s to Hike 2017 GWP to £122.5M ($152.9M)

Hamilton Underwriting Ltd., the Lloyd’s platform of Bermuda-based Hamilton Insurance Group, announced that the managing agency has received approval from Lloyd’s to increase its gross written premium for Syndicate 3334 in 2017 to £122.5 million ($152.9 million). Gross written premium …

Aon Agrees to Buy Brazil Health & Benefits Broker and Solutions Firm, Admix

Aon announced it has entered into an agreement to acquire Admix, a leading health and benefits brokerage and solutions firm in Brazil. Financial terms of the agreement, which was announced on Nov. 25, were not disclosed and the acquisition is subject to …

RMS Peru Earthquake Model and Actuaries Climate Index Are Launched

RMS and a group of actuarial societies each rolled out new products designed to respectively help measure risks related to earthquake and weather events. In RMS’ case, the catastrophe modeling firm gained regulatory approval in Peru to start marketing its …

Vienna Insurance Group Completes Purchase of AXA’s Serbian Operations

Vienna Insurance Group announced it has completed the purchase of AXA’s Serbian companies. In July 2016 Vienna Insurance Group (VIG) signed a share purchase agreement for acquisition of the non-life company AXA Nezivotno Osiguranje a.d.o. Beograd and life company AXA …

International News Archives by Month