Treaty Reinsurance
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Robert Hands' arrival reflects the expansion of the reinsurer's strategic partners unit.
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The senior broker was among a number who did not sign contracts to join AJ Gallagher after MMC sold JLT Aerospace.
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The reinsurer has secured $60mn of protection against named storms and earthquakes in the US from the capital markets.
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The new platform combines all of AIG’s assumed reinsurance units into one.
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Despite early hopes of sizeable rate rises, reinsurers are frustrated that many accounts will renew with as-before terms.
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Lindsey Frase will play a key role in the firm’s US West Coast expansion.
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Coverage options are now becoming more standard after years of expansions for new risks, Chubb’s cyber product leader said.
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The ratings agency reverses an October 2017 cut to the outlook as it predicts a market-wide combined ratio of between 95 percent and 99 percent over 2019 to 2021.
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The Florida Hurricane Catastrophe Fund’s $1bn programme is being marketed, but there is uncertainty whether it will get placed.
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The executive points to the aviation market and China as areas of opportunity.
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The state’s insurance business transfer legislation adds another mechanism for run-off sellers to gain legal finality on their legacy business
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Shares in the commercial auto insurer rise more than 8 percent in early trading.
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