Reinsurance
Aon Promotes Marcell to Lead Reinsurance Solutions Unit
Aon plc promoted a veteran executive from within to lead its Reinsurance Solutions unit, a change stemming in part from a decision to retire two long-time brands and streamline. Andrew Marcell will ...
Executives On The Move at Chubb, JLT Specialty USA and Mt. Logan Re
Chubb beefed up its Energy Industry Practice with two new leadership appointments. JLT Specialty USA, appointed a seasoned executive to its U.S. Aerospace Team. There's a changing of the guard in ...
AXIS Re Revamps Operations, Eyes Asia Expansion and New Products
AXIS Re, the reinsurance unit of AXIS Capital Holdings Ltd., has reorganized and expanded its product offerings in key areas and regions in a bid to stay competitive. "As the market transforms, we ...
Alberto Wasn’t Necessarily the Harbinger of a Rough Hurricane Season
Subtropical Storm Alberto kicked off the Atlantic hurricane season a week early, but don't take that as a harbinger of terrible weather. In fact, cooler ocean temperatures are already spurring ...
Allianz Invests in Africa Re, Continuing an Africa Expansion
Germany's Allianz Group will acquire an 8 percent stake in Africa's largest reinsurer, Africa Re, in a cash deal worth $81 million. The deal makes Allianz one of Africa Re's largest shareholders and ...
European Insurers Battling Regulation Avoid Pricy U.S. Treasuries
U.S. Treasuries need to get a lot cheaper to attract some European investors. Even with yields at multi-year highs, Treasuries are paying less than their pricier German peers when European insurers ...
Tougher No-Deal Brexit In the Cards If Talks With EU Fail
The European Union is weighing a much stronger warning on the risk of Brexit talks collapsing without a deal if the U.K. fails to lay out its position in more detail next month, said a person ...
Alberto, a Relative Letdown, Caused $50M in U.S. Insured Losses: Karen Clark & Co.
Subtropical Storm Alberto — the first named storm of the 2018 Hurricane Season — will likely cause close to $50 million in insured losses in the United States, according to catastrophe modeling ...