Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings September 20, 2019 By Allison Lampert and Suzanne Barlyn The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers...
African Swine Fever Spreads in Philippines September 20, 2019 By Enrico Dela Cruz Blood samples from pigs in backyard farms in the Philippine capital Manila tested positive for African swine fever, the Department...
France’s CNP Assurances Reaches Bancassurance Deal with Brazil’s Caixa Worth $1.7B September 20, 2019 By Carolina Mandl France’s CNP Assurances SA has reached a deal worth 7 billion reais ($1.7 billion) with Caixa Economica Federal to sell...
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,...