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Hanover & Chaucer Q3 losses reach $185m to $225m

6th October 2017

The Hanover Insurance has revealed third quarter catastrophe losses - including anticipated losses from hurricanes Harvey, Irma, Maria and the two Mexico earthquakes ranging from $185 million to $225 million before taxes and net of reinsurance. The firm's international specialty group, Chaucer, has retained losses from $115 to $135 million before ... Read the full article

Chaucer gets final approval for establishment of Dublin re/insurance branch

22nd June 2017

Specialist insurance and reinsurance group, Chaucer, has announced that it's received final approval from the Central Bank of Ireland to launch a Dublin-based entity to write global specialty insurance and reinsurance business. The new company will trade under the name Chaucer Dublin, and is likely another response to the UK's vote to ... Read the full article

Reinsurance News – Monday 27th March 2017

27th March 2017

Here’s your daily Reinsurance News for Monday 27th March 2017: Study suggests £4 billion Brexit impact to London reinsurance market According to Simeon Djankov, London School of Economics (LSE), Financial Markets Group Director, Brexit could result in an estimated £4 billion annual reinsurance revenue loss. Are heads still in the sand ... Read the full article

Reinsurance News – Tuesday 21st February 2017

21st February 2017

Here’s your daily Reinsurance News for Tuesday 21st February 2017: Ogden rate revision to result in huge re/insurer reserve charge: Willis Brokerage Willis Towers Watson has warned that the proposed revision to the Ogden discount rate would see reinsurers that operate in the UK motor industry face a £4.9 billion one-off ... Read the full article

Reinsurance News – Wednesday 30th November 2016

30th November 2016

Here’s your daily Reinsurance News for Wednesday 30th November 2016: Arch Capital to raise $950 million to help finance United Guaranty deal Arch Capital Group Ltd. is looking to raise $950 million in debt to help finance its acquisition of AIG's United Guaranty division. The firm also revealed that some ... Read the full article

Reinsurance News – Friday 18th November 2016

18th November 2016

Here’s your daily Reinsurance News for Friday 18th November 2016: New Zealand quake estimated at up to $3.5bn industry loss The magnitude 7.8 earthquake that struck the southern island of New Zealand recently could cost the insurance and reinsurance industry as much as $3.5 billion, according to AIR Worldwide. ... Read the full article

Reinsurance News – Friday 4th November 2016

4th November 2016

Here’s your daily Reinsurance News for Friday 4th November 2016: IAG adding to NZ quake reinsurance reflects ongoing loss creep It's been revealed that IAG New Zealand has extended its reinsurance cover to help pay for claims from the Canterbury quakes, purchasing $900 million of adverse development cover. Read the full article

Reinsurance News – Monday 26th September 2016

26th September 2016

Here’s your daily Reinsurance News for Monday 26th September 2016: The first downturn when reinsurers still make cost-of-capital: J.P. Morgan Analysts at J.P. Morgan have said that despite the softening reinsurance cycle and continued rate declines, the four big European reinsurers could still cover their cost-of-capital. Munich ... Read the full article

Reinsurance News – Thursday 18th August 2016

18th August 2016

Here’s your daily Reinsurance News for Thursday 18th August 2016: H1 insured cat losses up to $31 billion in 2016: Swiss Re Reinsurance giant Swiss Re has said the natural and man-made catastrophe losses in the first-half of 2016 cost insurers roughly $31 billion, a rise of 51% as ... Read the full article

Reinsurance News – Thursday 11th August 2016

11th August 2016

Here’s your daily Reinsurance News for Thursday 11th August 2016: Beazley adds parametric rainfall cover to event cancellation product London-based insurer and reinsurer Beazley has launched Cancellation Plus in the UK, a parametric rainfall solution that provides event organisers with protection against reduced revenue owing to rainfall occurrence. ... Read the full article

Reinsurance News – Friday 29th July 2016

29th July 2016

Here’s your daily Reinsurance News for Friday 29th July 2016: Swiss Re's P&C Re segment hit by cat losses, reports Q2 underwriting loss Reinsurance giant Swiss Re has reported its Q2 2016 results, posting a group net income of $637 million. The firm's P&C Re segment was hit by catastrophe ... Read the full article

Crum & Forster appoints Sipple as SVP, Inland Marine

22nd February 2023

Crum & Forster, a Fairfax Holdings insurance company, has announced that Michelle Sipple has joined the company as Senior Vice President of the Inland Marine practice within its Property Lines Division. In the role, she will be responsible for strategic initiatives to drive growth and profitability for the company's inland marine book. An ... Read the full article

Munich Re Specialty appoints new Head of Inland Marine

10th August 2022

Munich Re Specialty Insurance (MRSI), a division of German reinsurance giant Munich Re, has announced the appointment of Jaymee Parker as Vice President and Head of Inland Marine. Parker is an experienced insurance and risk management professional with strong leadership and sales experience. She specializes in Inland Marine insurance and ocean ... Read the full article

Wave of new sponsors help Q2 catastrophe bond issuance hit $5.2bn: Report

5th July 2022

Artemis' second-quarter 2022 catastrophe bond and related insurance-linked securities (ILS) market report pegs issuance at approximately $5.2 billion for the period, which takes the outstanding market to a new high of $38.2 billion. The Artemis Q2 2022 Catastrophe Bond and ILS Market Report, which examines 27 transactions ... Read the full article

Ledgebrook names Steve Mills as new President, E&S

30th June 2022

Ledgebrook, a tech-enabled E&S MGA, has appointed E&S veteran Steve Mills as the company’s President, E&S. He will be responsible for delivering wholesale brokers a best-in-class experience across Ledgebrook's E&S product lines. Prior to joining Ledgebrook, Mills served as President, E&S at The Hanover Insurance Group. Mills brings with him 30+ years of ... Read the full article