Reinsurance
Munich Re Buys a Madison Avenue NYC High-Rise
Munich Re Group plans to acquire a 39-story Madison Avenue high-rise in New York City. Buyer and seller declined to disclose the purchase price. CBRE advised the unnamed seller, and MEAG, which had ...
Executives On The Move at Atlas Financial Holdings and Starr Insurance Companies
Atlas Financial Holdings promoted one of its founding members to a newly-created position at the company. Starr Insurance Companies appointed a veteran executive as Aviation Underwriting Manager.
AXA XL Makes More Changes in Reinsurance Leadership Team
AXA XL announced additional changes within its Reinsurance leadership team, as part of a simplified organizational structure for the unit announced in September. Effective January 1, 2020, in ...
Canadian Pension Fund Will Buy Stake in Fairfax Runoff Unit Riverstone UK
Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario's municipal employees, announced they have entered into an agreement where OMERS will acquire a 40 percent interest in ...
2019 Insured Losses Reach an Estimated $56B: Swiss Re
Global insured losses in 2019 dropped to an estimated $56 billion, from $93 billion in 2018 and below the annual average $75 billion of the previous 10 years, according to preliminary sigma estimates ...
The Latest Launches From The Hartford and Zurich
The Hartford said it has expanded its offerings designed to protect customers from cyber attack risks. Zurich and InsurTech managing general underwriter Vindati have launched a new stand-alone Motor ...
MS Amlin Will Exit Several Classes of U.K. P/C Business
MS Amlin, the London-based insurer and reinsurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its U.K. P/C business with effect from Jan. 31, ...
$584B at Risk From Cat Events in 2020: Cambridge Study
Providing an annual update of its study of the impact of catastrophic events on global GDP, researchers from the University of Cambridge find that roughly $584 billion could be wiped from the global ...
S&P Assigns A- Ratings to Fidelis Insurance Operating Subs; Holding Co. at BBB
Noting the proven track record of its management team and strong top-line growth in a five year time frame, S&P Global Ratings has assigned A- financial strength ratings to the operating units of ...