Search | The Insurer TV

David Hollander

Global Insurance Leader, EY

Fri 16 Nov 2018

David L. Brown

Senior Partner and Insurance Leader for the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands

Fri 16 Nov 2018

Insurers and ILS investors exposed to $1.4bn PG&E Cali wildfire cover

News

Losses

Insurers and ILS investors exposed to $1.4bn PG&E Cali wildfire cover

As wildfires continue to ravage large swathes of California, insurers face potential exposure through the upsized $1.4bn insurance cover bought by Pacific Gas and Electric Company (PG&E) on 1 August 2018 after the utility firm admitted it could be on the hook for billions of dollars in liability.

Thu 15 Nov 2018

Hiscox Re & ILS swoops on Ariel Re for international chair

News

People Moves

Hiscox Re & ILS swoops on Ariel Re for international chair

Hiscox has named former Ariel Re underwriter Daniel Vestergren as chair of international of its reinsurance and alternative capital arm - Hiscox Re & ILS.

Thu 15 Nov 2018

News

PartnerRe posts $120mn 3Q cat loss bill; falls to loss

Bermudian headquartered (re)insurer PartnerRe reported a loss of $106mn for the third quarter of the year, driven by a $120mn natural cat bill from Typhoons Jebi and Trami and Hurricane Florence and unrealized investment losses.

Thu 15 Nov 2018

$200mn Cal Phoenix Re cat bond facing wildfire trigger

News

Losses

$200mn Cal Phoenix Re cat bond facing wildfire trigger

Cal Phoenix Re Ltd, the first ever cat bond to cover pure wildfire risks, is expected to be triggered only three months after it was issued.

Thu 15 Nov 2018

Markel completes $975mn Nephila purchase

News

M&A

Markel completes $975mn Nephila purchase

Markel has completed its acquisition of the industry’s largest ILS fund manager, Nephila Holdings.

Thu 15 Nov 2018

News

Rating actions

Maiden downgraded below AM Best A-

AM Best has downgraded Maiden Holdings below the critical A- rating which is regarded as the minimum threshold to write US/international P&C business.

Thu 15 Nov 2018

AIG closes Fortitude Re stake sale to The Carlyle Group

News

M&A

AIG closes Fortitude Re stake sale to The Carlyle Group

American International Group has closed the sale of its 19.9 percent stake in Fortitude Re to private equity house The Carlyle Group.

Wed 14 Nov 2018

News

Carnegie-Brown: Lloyd’s eyeing reform of leader-follower model

If Lloyd’s had its costs base under control then it would be much better positioned to weather even worse loss-making years than 2017, Lloyd’s chairman Bruce Carnegie-Brown said today.

Wed 14 Nov 2018

Victor Peignet

CEO, SCOR Global P&C

Wed 14 Nov 2018

News

Willis Towers Watson targets Central Asian growth with Kazakhstan office

Broker Willis Towers Watson has boosted its presence in Kazakhstan by opening a new operation to serve clients in the country.

Wed 14 Nov 2018

News

Beazley facilities syndicate 5623 increases to $133mn

Lloyd’s insurer Beazley plc has received permission to more than double the size of its innovative facilities-only SPA Syndicate 5623 from $50mn in 2018 to $133mn next year, Re-Insurance can reveal.

Wed 14 Nov 2018

News

Brexit

Lloyd’s: Europe is a growth market despite Brexit

Despite the UK’s fast-approaching exit from the European Union, Lloyd’s chairman Bruce Carnegie-Brown says the market is targeting future growth in the European Economic Area higher than the industry average.

Wed 14 Nov 2018

News

California wildfire losses to hit ‘record levels’

Industry losses resulting from California’s latest round of devastating wildfire activity will be at record levels, AM Best has said.

Wed 14 Nov 2018

News

Aspen arb funds nervous but $350mn cat ceiling appears safe

Despite another bruising second half for cat events, Aspen Insurance Holdings appears in no danger from breaching its net cat limit of $350mn which would give buyers Apollo Global Management the option to walk away from its $2.6bn buy-out.

Wed 14 Nov 2018