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Life
Fidelis Insurance has hired Matthew Bellamy as an underwriter in London, with a mandate to grow its property treaty reinsurance book of business. 22 October 2019
News
The re/insurance industry can achieve positive change if it looks at supply chains in a holistic manner and as an integrated system, and harnesses technology effectively, according to Ian Branigan, group chief risk officer at RenaissanceRe. 22 October 2019
News
Aon has launched a new group called the regional insurer group (RIG) that brings together dedicated team members from across Aon’s business lines to help clients resolve their most pressing business concerns. 21 October 2019
Life
Markel International has named Simon Wilson as its new managing executive of global strategy for insurance operations, and Henrik Bjornstad as managing director of the national markets division. 21 October 2019
News
Nassau Life Insurance Company (NLI) will acquire Foresters Financial Holding Company and its subsidiary Foresters Life Insurance and Annuity Company (FLIAC) from Foresters Financial. 21 October 2019
News
An earthquake of the magnitude of the Loma Prieta quake, which struck on October 17, 1989, would cost: $38 billion in economic losses, and $4 billion in insured losses, if it struck in the same place, according to RMS. 21 October 2019
ILS
The reinsurance market is not yet providing a “suitable, sustainable, and scalable response to meet the challenge of a cyber catastrophe,” according to Devin Page, head of specialty reinsurance at Hiscox Re. 20 October 2019
ILS
China’s Belt and Road Initiative, the economic project which aims to recreate the ancient Silk Road that linked Europe to Asia, needs protecting. ILS could provide the perfect solution, as Kirill K. Savrassov, chief executive of Phoenix CRetro Reinsurance Company, tells Bermuda:Re+ILS. 20 October 2019
ILS
While the ILS sector continues to grow and innovate, investors’ insistence on the use of tried and tested risk models, combined with a wariness of new risks, is holding the market’s development back, some cedants claim. Bermuda:Re+ILS investigates. 20 October 2019
ILS
As reinsurers grapple with the opportunities and challenges presented by cyber risk, ILS could provide at least some of the solutions. Tom Johansmeyer, head of PCS, reviews the prospects that cyber opens up. 20 October 2019
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