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Chubb makes an estimated $1.8bn pre tax global cat loss

Chubb has estimated its global net catastrophe loss for Q2 2020 as $1.8 billion million before tax. 7 July 2020

ILS

Bermuda accounted for nearly 75% of alternative capital capacity in 2018: BMA

Bermuda’s share of total alternative capital capacity was $71 billion at the end of 2018, or approximately 73 percent of the global alternative capital market, according to the Bermuda Monetary Authority’s (BMA) 2019 Alternative Capital Report. 6 July 2020

Life

Argo reshuffles senior management and begins hunt for a new CFO

Argo Group International Holdings has launched an outside search for a new chief financial officer to succeed Jay Bullock. 6 July 2020

News

Australian bushfires cost re/insurers $1.3bn in 2019-2020: PERILS

Re/insurance industry losses for Australian bushfires in 2019-2020 came to a total of A$1.86 billion ($1.3 billion), according to PERILS, the independent Zurich-based catastrophe data provider. 6 July 2020

News

Canopius launches cyber property products to help manage silent cyber exposures

Canopius has created a new set of cyber property products for medium and large corporations to help them manage their silent cyber exposures. 6 July 2020

News

United Insurance Holdings announces a $30m cat loss in Q2

United Insurance Holdings Corp, the property and casualty insurance holding company, has announced an estimated $30 million pre tax loss for Q2 2020. 6 July 2020

News

Hiscox launches variable consortium for hard-to-place general liability risks

Hiscox and RKH Reinsurance Brokers have launched a new variable consortium with a maximum line of over $20 million for a wide range of challenging general liability risks such as wildfire, trucking and construction. 6 July 2020

Re/insurance

Bermuda’s second pillar stands tall

Since leaving politics Bob Richards, Bermuda’s former Deputy Premier and Finance Minister, has discovered a new calling as an author. He found time to talk to Bermuda:Re+ILS about his book, race relations and the re/insurance industry. 3 July 2020

News

Argus acquires two Bermudian primary care medical practices

Argus Group Holdings has acquired two primary care medical practices, Island Health Services and the Family Practice Group. 3 July 2020

News

AXA XL receives approval to form China’s first foreign owned reinsurance subsidiary

XL Insurance (China) Company has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) for a reinsurance license. 3 July 2020

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