Reinsurance
Swiss Re CFO Cole Will Step Down; Dacey to Replace Him
Swiss Re's group chief financial officer is stepping down, and the reinsurer is promoting from within to replace him. John Dacey, currently group chief strategy officer, will become group chief ...
Deal Struck to Begin Brexit Divorce Negotiations
The U.K. and the European Union struck a deal to unlock divorce negotiations, opening the way for talks on what businesses are keenest to nail down -- the nature of the post-Brexit future. The deal, ...
Lloyd’s of London Proceeds With Brexit Plans in Quest for Certainty
Lloyd's of London will press ahead with plans to establish a foothold in the European Union regardless of progress in EU divorce talks that industry groups said was welcome but did little to dispel ...
2018 Prediction: U.S. P/C Industry Will Take Time to Recover From 2017 Catastrophes
Property/casualty insurers in the U.S. will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to "significant underwriting profits," Fitch ...
XL Group Estimates $250M in Q4 Losses: Calif. Wildfires to Blame
XL Group disclosed preliminary natural catastrophe pre-tax loss estimates of approximately $250 million for the 2017 fourth quarter, stemming largely from wildfires in Northern California. The parent ...
Executives On The Move at Chubb, Aspen, Neon and Bold Penguin
Chubb is bringing on a new lobbyist. Aspen Insurance Holdings Ltd. appointed a Group chief operating officer. Neon, a specialist Lloyd's insurer, hired a veteran industry executive to fill a ...
Wildfires Halt L.A. Filming, Threaten Crops, Hammer Major Utility’s Market Value
Wildfires raging across Southern California have shut a major commuter artery in Los Angeles, suspended filming, wiped out more than $3 billion of market value for regional utility Edison ...
Meet the Modeler: Praedicat’s Boudreau Takes the Road Less Traveled for Actuaries
After working on a nagging insurance industry problem on and off for three decades, an actuary, who is also a software engineer, recently devised the solution—a new model of the occurrence form for ...