Life reinsurance
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The Japanese carrier increases its stake to 25 percent as its Zurich peer explores an IPO for the closed life vehicle.
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Liberty Luxembourg is lined up to lead the vehicle, which will target SMEs in Europe and the US. -
‘Zombie storm’ expected to bring heavy rain and flooding to northern Australia.
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The transaction is expected to close in the second quarter of 2019.
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Losses from Hurricane Michael have trended at the top of loss estimates.
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The modelling agency predicts the historic Camp Fire to generate between $6bn and $9bn in losses.
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The reinsurer pegged global insured losses at $25bn, and overall cyclone losses at $51bn.
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Backer Anthemis notes that sector innovation has largely bypassed construction insurance.
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The carrier predicts an underwriting result of 1 percent of net earned premiums in 2019 and 2020.
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The devastating impact of the California wildfires this autumn has made for some horrific reading.
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Cal Fire estimates that at least 11,858 buildings have been razed by the Camp Fire in Butte County.
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The buyout firm has acquired 19.9% of the AIG legacy business.
