13 December 2017

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ArgoGlobal hires Munich Res Mitchell for onshore business

12 December 2017

Argo Group's Lloyd's operation ArgoGlobal has hired Elizabeth Mitchell as an onshore energy underwriter, reporting to Jodi Davenport, class underwriter, onshore and downstream energyRead more

AXA to cease cover for new coal and oil sands business

12 December 2017

AXA has announced its intention to cease writing insurance for coal and oil sands producers, as part of its stated commitment to fighting climate changeRead more

Perils estimates Herwart storm losses at $297mn

11 December 2017

Catastrophe data specialist Perils has issued its initial loss estimate for Extratropical Cyclone Herwart, which caused significant damage in Austria and Germany on 29 OctoberRead more

News digest

8 December 2017

Catastrophe data specialist Perils has estimated insured losses in the UK and Republic of Ireland from ex-Hurricane Ophelia at EUR60.0mn ($71.6mn)Read more

Q3 man-made losses cost Munich Re EUR200mn

8 December 2017

The contribution from man-made events to Munich Re's overall major loss expenditure in the third quarter of 2017 was relatively low, amounting to some EUR200mn or 4.7 percent of net earned premiumRead more

FM Global not expecting Maria XoL claims

8 December 2017

FM Global has told its reinsurers that it does not expect claims from the damage caused by Hurricane Maria in Puerto Rico to attach its main property catastrophe excess-of-loss programmeRead more

BI element could push Middle East aluminium loss to $350mn

8 December 2017

Oman's Sohar Aluminium joint venture could be set to cost the industrial fac market up to $350mn after an August fire at its plant significantly curtailed productionRead more

Hammond to retire from Lockton

8 December 2017

Mike Hammond, executive chairman at Lockton International, is to retire at the end of this year. Hammond's retirement follows an 18-month transition period, during which fac market veteran Neil Nimmo has moved from his role as deputy CEO for Lockton's international operations to become CEO of Lockton Companies LLP in the UK and Lockton International HoldingsRead more

Duperreault recruits Bolt as underwriting supremo

8 December 2017

Continuing a string of high profile hires as he seeks to re-energise the wounded insurance behemoth, recently installed AIG CEO Brian Duperreault has recruited Tom Bolt from rival Berkshire Hathaway Specialty Insurance (BHSI)Read more

Allianz leads EUR32mn Airlander loss

8 December 2017

Allianz is understood to be the lead insurer for a potential £32.0mn ($43.1mn) claim following the collapse of the world's longest aircraftRead more

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