Here’s your daily Reinsurance News for Friday 24th March 2017:
Swiss Re has launched a pioneering volcano model that reveals that some of the world’s largest cities have up to a $30 billion exposure to the risk.
Outgoing Munich Re CEO, Niklaus von Bomhard, recently stated that the firm is certain it will improve as a result of the digitalisation revolution and innovation.
Insurer and reinsurer Chubb increased its cessions of reinsurance premiums to total-return vehicle ABR Reinsurance Ltd. in 2016, by a huge 144%.
A group of counterparties, which includes 16 insurance and reinsurance companies have backed the first two Credit Insurance Risk Transfer™ (CIRT™) transactions of 2017 for Fannie Mae.
Kingstone Company, Inc. has received approval for its innovative voluntary flood solution for National Flood Insurance Program (NFIP) X-Zone residents in New York State, bringing more flood risk to the private market.
Insurer and reinsurer XL Catlin has appointed James Tuplin as Head of Cyber & Technology, Media and Telecoms, International, in the firm’s London office.
The proposed merger between Allied World and Fairfax has moved closer to completion after Allied World shareholders recently voted to approve certain measures, including a $5 per share special dividend.
Reinsurance brokerage Ed has hired Joanne Merrick as Head of Legal, Risk and Compliance, effective June, 2017.
The Lloyd’s Market Association (LMA) has added five new members to its Board, including Catlin Underwriting Agencies’ CEO, Paul Jardine.
Bermuda insurer and reinsurer Endurance Specialty Holdings has announced the appointment of Brad Gow as its cyber insurance product leader.
Boards of the International Underwriting Association of London (IUA) and the London Market Association (LMA) have approved the development of a Single Claims Agreement Model in the London market.
Independent credit rating agency DBRS ltd. has partnered with MSA Research Inc. (MSA) to offer its insurer ratings on the MSA Researcher Platform and printed reports.
According to recent reports the Stock Exchange of Thailand (SET) is looking at launching weather futures and perhaps other weather derivatives to offer weather risk management tools for farmers in an exchange traded environment.
The CEO of insurer Suncorp, Anthony Day, has been named President and Chairman of the Insurance Council of Australia (ICA).
Aon Hewitt recently helped Phoenix Group unwind its 2014 £900 million longevity swap transaction.
W. R. Berkley Corporation has appointed Christopher R. Rourke as President, Berkley North Pacific, effective immediately.
Megan McConnell, an Active Underwriter at Lloyd’s of London ICAT Syndicates 4242 and 6123, recently discussed the success of its Buffalo Re Ltd. (Series 2017-1). cat bond with Artemis.
AXA has promoted two key executives including Chief Investment Officer (CIO) and Treasurer Josh Braverman, to head its Legacy Book Business.
Global law firm Drinker Biddle & Reath LLP has added Dan Brown as a partner, as the firm looks to strengthen its insurance regulatory and transactional capabilities.
The Chinese insurance regulator, the CIRC, has called for insurers and insurer asset management companies to submit all bond transactions by March 28th, 2017.
Chubb has appointed Michael Ho to the role of Country President for Chubb Life in Hong Kong, joining the firm from Prudential Asia.
Listed insurers in Tunisia saw premiums generated increase to $284 million in 2016, growth of 7.9% when compared with the previous year.
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