Reinsurance
Munich Re, US Launches New Drone Insurance Product
Munich Reinsurance America, Inc. (Munich Re, US), announced the launch of a new commercial drone insurance endorsement last week, highlighting the impact of Federal Aviation Agency Rule 107, opening ...
Ed Appoints Tilman as Chief Actuary
Ed, the global reinsurance, wholesale and specialty broker, announced the appointment of Jonathan Tilman as chief actuary late last week. Tilman will take up his role in the final quarter of 2017. ...
Kent to Succeed Cavanagh as Willis Re CEO
Willis Re announced last Thursday that James Kent, the current deputy global CEO, will succeed John Cavanagh when he retires from his position as global CEO in December 2017. Kent joined Willis Re in ...
Zurich Board Proposal: Liès to Succeed de Swaan as Chair in 2018
Zurich Insurance Group announced last week that the board of directors will propose the election of Michel M. Liès as Chair at the Annual General Meeting (AGM) to be held April 4, 2018. Upon his ...
AmTrust Signs $400M Reinsurance Agreement With Premia Re
AmTrust Financial Services inked a reinsurance agreement with Premia Reinsurance Ltd. The cover addresses loss reserve development up to $400 million over the company's stated reserves of $6.59 ...
W.R. Berkley Corp. Sells D. C. Real Estate for $120 Million
W.R. Berkley Corp. has sold a piece of real estate in Washington, D.C. for a sizable price. The Connecticut-based insurer and reinsurer said it will report a realized pre-tax gain of about $120 ...
Insurers May Face $2.5B in Claims With Next WannaCry Cyber Attack
Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global virus could change that. "It's exceptionally likely that we will see an ...
Swiss Re Switches $130B in Liquid Assets to Track Ethical Indices
Swiss Re is switching the entire $130 billion it holds in liquid assets to track ethical indices, the latest move towards principled investments by the insurance industry. The world's second-largest ...