Here’s your daily Reinsurance News for Friday 9th December 2016:
A new proposal calls for the use of traditional and alternative reinsurance and risk transfer solutions to support the de-risking of the U.S. government’s National Flood Insurance Program (NFIP).
W.R. Berkley has announced the appointment of Miklos F. Kallo as President of Berkley Regional Specialty, replacing Paul S. McAuliffe.
Japan’s Mitsui Sumitomo Insurance has partnered with NASA to utilise satellite data to enable it to sell weather derivative and other parametric weather insurance solutions across the globe.
Brit, a Lloyd’s of London insurer, has announced the appointment of Matthew Wilson as Group CEO, effective January 1st 2017, replacing Mark Cloutier.
According to international catastrophe risk modelling firm AIR Worldwide, insured losses from the M6.5 Northern Sumatra earthquake are expected to be minimal, although widespread damage has left hundreds homeless.
Athene Holding Ltd. has announced the price of the initial public offering (IPO) of its Class A common shares, at a price of $40 per share.
The CEO of Asia-Pacific at reinsurer Validus Re, Marc Hauhofer, has been named as the new Chairman of the Singapore Reinsurers Association (SRA), replacing Alain Flandrin.
According to reports from the region, the Dublin International Insurance and Management Association (DIMA) is to merge with Insurance Ireland next year, bringing together the country’s domestic and global re/insurance organisations.
The $200 million Bonanza Re Ltd. (Series 2016-1) cat bond issuance saw the lowest relative price in the history of the marketplace for a deal with significant exposure to Florida.
Insurer Chubb has announced that Patrick Suter has been appointed Head of Digital Product Development for SMEs in the UK and Ireland.
The Division of Insurance in Alaska is reportedly calling for federal funding to subsidise its reinsurance programme, asking for savings made to be passed back to the region.
A thoughtfully curated annual insurance-linked securities event in New York City from Artemis. Featuring ILS & reinsurance industry leaders speaking on forward-thinking, engaging topics.
Insurance company New India Assurance has said that it will take about six months to divest its stake via the IPO after receiving government approval.
A number of international law firms have highlighted some uncertainties and possible shortcomings with the UK government’s proposed ILS regulatory regime.
According to reports from the region the number of premiums collected by Taiwan insurers in 2016 is expected to double.
The UAE Insurance Authority (IA) has called for insurance companies to finalise their pricing review or underwriting performance evaluation for property and liability insurance branches.
Hub International Ltd. has reportedly acquired the assets of broker Medley/Turrentine & Associates L.L.C., although terms of the deal were not disclosed.
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