Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail September 20, 2019 By Lena Masri By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay...
Bermuda’s Brit Re Gets ‘A’ Rating from AM Best as Firm Prepares to Write Casualty Treaty September 20, 2019 AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to...
Hurricane Humberto Grazes Bermuda, Causing Little Damage September 20, 2019 By Don Burgess Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm...
AXA Liabilities Managers Buys Non-Life Legacy Portfolio of Munich Re Malaysia September 20, 2019 AXA Liabilities Managers announced it has completed the acquisition of the non-life legacy portfolio of Munich Re Malaysia (a branch...
Lloyd’s to Open Miami Office to Expand Its Latin American and Caribbean Business September 19, 2019 Lloyd’s plans to set up an office in Miami to support business development in the Latin American and Caribbean markets....
Markel Hires Slade from Hamilton Capital as President of New ILS Fund, Lodgepine September 19, 2019 Markel Corp. announced it has hired Brenton “Brent” Slade as president of Lodgepine Capital Management Ltd., its new retrocessional insurance...
Arch Insurance (UK) and Marsh Launch ‘Blue Vault,’ Insurance Cover for Digital Assets September 19, 2019 Arch Insurance (UK) Ltd., in collaboration with Marsh, the insurance broker and risk adviser, announced the launch of Blue Vault,...
Atlantia CEO Resigns 13 Months After Fatal Genoa Bridge Collapse September 19, 2019 By Tommaso Ebhardt and Daniele Lepido Atlantia SpA Chief Executive Officer Giovanni Castellucci resigned as leader of the Benetton family infrastructure unit, 13 months after a...
As Brexit Fatigue Grows, the Political Will to Prevent No-Deal Exit Is Evaporating September 19, 2019 By Ian Wishart and Tim Ross Brexit from afar is looking like a disaster about to happen. One European official, watching the situation up close, compared...
BHSI Taps Executives from AIG and AXA XL as Claims & Product Line Leaders in France September 19, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its leadership team in France, naming Katell Pouliquen as head of...