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The private US property and casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019, from $4.7 billion a year earlier, according to Verisk, a data analytics company, and the American Property Casualty Insurance Association (APCIA). 17 January 2020
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Gemini Trust Company, a cryptocurrency exchange and custodian, has launched a captive insurance company, Nakamoto, thought to be the first captive to insure crypto custody. 17 January 2020
News
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has launched a contingent legal risk insurance (CLRI) product, within its global portfolio of transactional risk products and services. 17 January 2020
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Chubb has welcomed the phase one trade agreement between the US and China, describing it as an “important confidence-building step.” 16 January 2020
Life
Markel has named Margot Green as head of Bermuda claims, responsible for managing the Bermuda casualty, professional liability and property claims teams. 16 January 2020
Life
Chubb has appointed Suresh Krishnan as chief operating officer for its accident and health (AH) business in the US and Canada, a newly created role. 15 January 2020
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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 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 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
News
Tysers has taken a minority stake in Helix Underwriting Partners, Bermuda’s newly formed and first independent managing general underwriter. 14 January 2020
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