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Everest Re Group has announced that it is to operate as an authorised non-life insurer in Ireland after it was granted in-principle approval by the Central Bank of Ireland. 4 October 2017
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Specialist reinsurance broker Capsicum Re has released a new report, entitled: ‘Addressing Non-Affirmative Cyber’. 4 October 2017
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White Mountains Insurance Group is to acquire a 50 percent equity stake in DavidShield, its joint venture partner in PassportCard, and a leading provider of expatriate medical and other accident and health insurance coverages. 4 October 2017
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Everest Re Group has announced that Markus Heizmann is the new head of its European credit and surety operations for Everest Reinsurance (Ireland). 3 October 2017
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Sompo International Holdings (SIH) has announced that it has created a worldwide platform and brought in new a global clearance system. 3 October 2017
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Hiscox has estimated it is facing combined net claims from Hurricanes Harvey and Irma of up to $225 million. 2 October 2017
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Bermuda-based Capsicum Re has appointed Conrad Williams to its cyber team. 2 October 2017
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Litigation funding, the practice by which a third party funds a costly litigation or arbitration case and receives a fee if the case is won, is increasingly a factor in claims inflation. Jon Steer, global head of claims at Aspen Re, highlights why this is a growing concern for reinsurers. 29 September 2017
Re/insurance
Bermuda’s reinsurers and their priorities are changing as they become bigger, broader and willing to accept new risks. Brokers must keep pace with that and even facilitate the process, as Tony Fox, chairman of Aon Benfield Bermuda, explains to Bermuda:Re+ILS. 29 September 2017
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RMS has said that it has estimated that the insured loss from Hurricane Maria will be between $15 and $30 billion. 29 September 2017
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