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People Moves

AIG names new information boss

AIG has appointed John Repko as executive vice president and chief information officer.

Tue 21 Aug 2018

News

People Moves

Allianz plucks CFO from Ageas

Insurance giant Allianz has hired Fernley Dyson to takeover as finance boss when Mark Churchlow steps down at the end of the year.

Tue 21 Aug 2018

News

People Moves

AFL swoops on Towergate for CFO

Toby Esser-owned Lloyd’s broking house AFL has appointed Chris Gagg as chief financial officer.

Tue 21 Aug 2018

News

Cyber

Cyber market growth not to be taken for granted: Geneva Association

Think tank the Geneva Association has warned (re)insurers not to presume that demand for cyber coverage will continue to grow at current rates.

Mon 20 Aug 2018

AIR pegs Japanese flood bill at up to $4bn

News

Losses

AIR pegs Japanese flood bill at up to $4bn

Losses stemming from floods that devastated parts of western Japan in June and July are expected to cost insurers between $2.6bn and $4bn, according to AIR Worldwide.

Mon 20 Aug 2018

Aspen shares up as Apollo buy-out talks continue

News

M&A

Aspen shares up as Apollo buy-out talks continue

Bermudian Aspen and investment heavyweight Apollo Global Management will continue discussions this week over an acceptable price and key terms that - if agreed - could lead to a recommended circa $2.55bn deal being formally put both to the Aspen board later this month, re-Insurance.com can reveal.

Mon 20 Aug 2018

Swiss Re facing claim after Genoa bridge disaster

News

Losses

Swiss Re facing claim after Genoa bridge disaster

Swiss Re Corporate Solutions is one of the insurers of Autostrade per l’Italia – the operator of the collapsed Morandi Bridge in Italy.

Mon 20 Aug 2018

News

Losses

Kerala flooding could lead to $2.87bn in economic losses

Economic losses stemming from flooding in the Indian state of Kerala could be as high as $2.87bn, according to initial estimates from the Associated Chamber of Commerce and Industry of India (ASSOCHAM).

Mon 20 Aug 2018

IGI top line surges 20% in first half of 2018

News

Results

IGI top line surges 20% in first half of 2018

Dubai-headquartered carrier IGI booked $165.9mn in gross written premium in the first six months of 2018, an increase of 20 percent compared to the first half of last year.

Mon 20 Aug 2018

Comment

Time to take a lead?

One advantage of tough times is that it enables an institution to examine all its established practices that otherwise remain unchallenged when the sun is shining.

Fri 17 Aug 2018

CatCo shares slip amid ‘uncertainty’ over last year’s losses

News

Results

CatCo shares slip amid ‘uncertainty’ over last year’s losses

London-listed shares in Markel’s ILS fund manager CatCo slid this morning after the carrier alluded to uncertainty about last year’s catastrophes in its first-half results for 2018.

Fri 17 Aug 2018

Wanat named Aon’s US commercial broking boss

News

People Moves

Wanat named Aon’s US commercial broking boss

Aon has named one of its long-standing servants and the former CEO of its financial services group - Brian Wanat - as chief broking officer for US commercial risks solutions.

Fri 17 Aug 2018

Lloyd’s 2017 loss deteriorates by £400mn fuelled by Irma

Analysis

Results

Lloyd’s 2017 loss deteriorates by £400mn fuelled by Irma

Lloyd’s net loss for 2017 has climbed by £399.9mn as a number of syndicates have had to bolster reserves following additional claims notifications from last year’s cat losses and, in particular, Hurricane Irma.

Thu 16 Aug 2018

Reserve charges adds to Allstate’s $220mn July cat bill

News

Losses

Reserve charges adds to Allstate’s $220mn July cat bill

US insurance giant Allstate was hit with a $42mn reserve charge last month, taking its total July catastrophe bill to $262mn after a month that was scarred by wildfires and summer storms.

Thu 16 Aug 2018

Aspen Re poised to release CEO Lillelund early to join key client AIG

News

People Moves

Aspen Re poised to release CEO Lillelund early to join key client AIG

Aspen Insurance Holdings is not expected to hold its departing reinsurance head to his one-year notice period in order to help maintain good terms with its top-five client, AIG, re-Insurance.com understands.

Thu 16 Aug 2018

News

Losses

Swiss Re pegs H1 insured cat losses at $20bn

Insured catastrophe losses incurred in the first half of 2018 are estimated to stand at $20bn, according to Swiss Re’s latest Sigma report.

Thu 16 Aug 2018