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White Mountains Insurance Group has announced the final results of its modified Dutch auction tender offer, which expired at 12:00 midnight, New York City time, at the end of September 14, 2017. 22 September 2017
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Hiscox has appointed Tom Shewry to the role of director of group finance. 20 September 2017
News
Arch Capital Group has announced that as of October 1, 2017, Nicolas Papadopoulo will become chairman and CEO of Arch Worldwide Insurance Group and chief underwriting officer for property & casualty operations. 20 September 2017
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XL Group has announced that it is planning to move its principal European Union insurance company, XL Insurance Company SE from the UK to Ireland in 2018 in response to Brexit, subject to certain regulatory approvals. 20 September 2017
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Hiscox has announced that it could be facing up to $150 million in net claims in the wake of Hurricane Harvey, which struck South-Eastern Texas at the end of August this year. 19 September 2017
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Bermuda-based Monument Re has announced that it has acquired full ownership over Benelux Life Run-Off SCS, including its acquisition of ABN AMRO Life Capital Belgium, the Belgian life insurance subsidiary of ABN AMRO. 19 September 2017
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Hurricane Irma could have inflicted between $32 billion and $50 billion in combined industry insured losses, according to the latest loss estimate from catastrophe modelling firm AIR Worldwide. 18 September 2017
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Bermuda-based insurer Sirius has entered into a definitive agreement to purchase 4.9 percent of Israel-based The Phoenix Holdings from Delek Group for NIS 208 million ($59.04 million) in cash. 15 September 2017
News
Hurricane Irma, which is ranked as one of the most powerful Atlantic storms on record, has created notable losses for global reinsurers but will have only a limited impact on the sector’s capital, according to an AM Best report. 15 September 2017
ILS
Hurricane Irma is expected to trigger rate increases of 405 percent for Nat cat reinsurance cover, largely driven by a likely reduction in alternative and convention reinsurance capital, according to research from asset manager AllianceBernstein. 14 September 2017
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