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Five most likely global risks are all environmental: WEF Global Risks Report

The five global risks perceived as most likely to occur are all environmental, according to the World Economic Forum’s Global Risks Report 2020, produced in partnership with Marsh & McLennan and Zurich Insurance Group. 15 January 2020

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Chubb makes Q4 pre-tax net catastrophe loss of $430m

Chubb made a net catastrophe loss of approximately $430 million pre-tax, or $353 million after tax, in Q4, according to the re/insurer’s own estimates. 15 January 2020

Life

Ed appoints head of its liability division in Bermuda

Ed has appointed Colin Kelley as head of its new liability division in Bermuda to lead the professional lines, casualty and healthcare teams. 15 January 2020

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Tysers invests in Helix Underwriting Partners

Tysers has taken a minority stake in Helix Underwriting Partners, Bermuda’s newly formed and first independent managing general underwriter. 14 January 2020

Life

Liberty Mutual Re strengthens casualty treaty team in Connecticut

Liberty Mutual Re has appointed Susan Burke as vice president and director of assumed reinsurance in its casualty treaty department in its Stamford, Connecticut office. 14 January 2020

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Arthur J Gallagher takes 100% stake in Capsicum Re

Insurance brokerage and consultant Arthur J Gallagher & Co has taken a 100 percent ownership interest in Capsicum Re, increasing its stake from 33 percent. 14 January 2020

Life

Carey Olsen hires re/insurance specialist

Carey Olsen Bermuda has hired Michael Frith to join its corporate practice. 14 January 2020

Life

BMS hires COO for Latin America & the Caribbean

BMS Group, the independent specialist re/insurance broker, has appointed Alejandro Ceron as chief operating officer for the Latin America and Caribbean business. He is based in Miami and reports to Jose Astorqui, CEO of the Latin America and Caribbean business. 13 January 2020

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AXA XL consolidates businesses to increase operational efficiency

AXA XL has merged its AXA Corporate Solutions and AXA ART divisions into XL Insurance Company SE (XLICSE). 13 January 2020

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Hiscox signs up for CyberCube’s risk analytics platform

Hiscox has signed up to use CyberCube’s cyber risk analytics platform to generate better insight into potential systemic cyber risk. 13 January 2020

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