| Register for our Prospectus 2021 conference Arch to buy Watford Re in $622mn deal Watford's shareholders are set to receive $31.30 in cash for each Watford common share they hold. It's time to go back to basics: Lloyd's CEO The industry needs to prioritise educating people around the benefits of insurance, says John Neal. Wildfires, storms, monsoons drive costly Sep Monsoon flooding across Asia in 2020 has cost around US $45 billion in economic terms, says Aon. CII adds Aon UK CEO Page as president Julie Page brings over 20 years' experience within the insurance industry. Alex could be costliest European cat of 2020 Storm Alex is expected to drive somewhere north of US $3 billion of economic costs. Re/insurers must work with cities: Lloyd's Lloyd's has urged the industry to work closely with city administrators to improve risk management. Aegon to offload Stonebridge for £60mn The acquirer is London-based Global Premium Holdings group, a subsidiary of Embignell group.  Munich Re introduces LPL coverage The LPL policy provides up to $5 million in primary or excess liability coverage for errors or omissions. Jamaica still aims for cat bond The Government of Jamaica will continue to work alongside the World Bank and other groups. COVID-19 changing term claims trends: AGCS The pandemic will likely cause claims trends and risk exposures to evolve in the mid-and long-term. S&P upgrades Flood Re ratings The upgrade reflects increased confidence in the success and effectiveness of the scheme. Allianz Insurance hires new Head of Claims Graham Stait will be the new Head of Claims Operations at the company. Chubb launches UK personal cyber product Chubb UK has launched a new personal cyber product to protect individuals and their families. Demotech assigns 'unsurpassed' rating to Coefficient Coefficient provides self-funded employers with a data-based approach to employer stop-loss. Swiss Re CorSo to leverage Majesco's digital platforms The Swiss Re subsidiary opted to implement the Majesco Digital1st Insurance platform.  The Hartford hires new Head of the Central Division Bob Gulino is now Head of the Central Division for Middle and Large Commercial Insurance business. Pension schemes eyeing buy-out as long-term objective 49% of schemes are now targeting buy-out as their long-term objective, says Hymans Robertson. Brit partners with Tangram, Costero on Kidnap & Ransom cover The facility is accessible to all Tangram appointed retail brokers in the United States. Pro Global hires new Head of UK Specialty Claims Mike Mackenzie will join the company as Head of UK Specialty Claims at the start of 2021. Essent secures $400mn of mortgage reinsurance The reinsurance covers mortgage insurance policies written in September 2019 through July 2020. AccuRisk sets up ancillary unit The firm's also acquired the renewal rights to Great American Insurance's book of Texas business. CEA's new cat bond triples in size to $775m This is more than three times the initial amount of notes offered to investors. 
| 
No comments:
Post a Comment