Reinsurance
Executives On The Move at CNA, Chubb, Starr Companies and AXIS
CNA hired a new vice president, Underwriting for Large/Complex Property. Chubb beefed up its Real Estate and Hospitality practice with several new promotions. Starr Companies appointed an influential ...
$136 Billion: Swiss Re’s Tally for Global Insured Catastrophe Losses in 2017
Global insured catastrophe losses reached $136 billion in 2017, more than double last year's number. Blame a large spike in extreme weather, according to Swiss Re's preliminary sigma estimates. Of ...
Hamilton Finds Buyer for Sportscover Legacy Book
Hamilton Insurance Group has found a buyer for the legacy book the insurer inherited from its purchase of Sportscover Underwriting Ltd. in April 2015. Syndicate 3330 will buy the business from ...
Volante Global Debuting in Early 2018 as Multi-Class International MGA Platform
Volante Global Ltd will launch and commence trading during Q1 2018, subject to Lloyd's coverholder approvals where appropriate. The new multi-class and multi-territory international managing general ...
EU Wants Post-Brexit Trade Deal in Place by January 2021
The European Union expects the U.K.'s post- Brexit transition period to last until the end of 2020 and is aiming for a trade deal to kick in immediately after that, according to a European Commission ...
Travelers to Launch Dublin Subsidiary for Post-Brexit Business
Travelers will create a European subsidiary in Dublin in order to serve its customers in a post-Brexit market, the insurer disclosed. Travelers Europe announced it will launch the subsidiary in the ...
Berkshire Hathaway’s Stock Hits $300,000 for the First Time
Berkshire Hathaway Inc's stock price touched $300,000 for the first time on Monday, reflecting investors' confidence in Warren Buffett's conglomerate despite four straight quarters of lower operating ...
Navigators Eyes EU Expansion Through $41.2M Planned Purchase of Belgian Specialty Insurer
The Navigators Group agreed to pay $41.2 million for Belgian specialty insurer ASCO and a connected insurance underwriting agency, a transaction that will help expand its specialty insurance business ...