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Allstate triggers Sanders aggregate cat bonds after $1.3bn freeze loss
The insurer will also recover from its per-occurrence tower, recouping roughly $700mn of its gross losses from the winter storm.
Fiona Robertson
,
18 March 2021
Aviva CEO Blanc appointed HM Treasury’s Women in Finance champion
She succeeds Dame Jayne-Anne Gadhia, who held the role for five years and will stay on as an adviser.
Anna Sagar
,
18 March 2021
Concirrus appoints six insurance and FinTech leaders to new advisory panel
The panel will ‘guide’ the business and help speed up the digitisation of the insurance industry.
Anna Sagar
,
18 March 2021
R&Q ups stake in Tradesman to 40%
The legacy specialist is balancing its portfolio with select MGA investments.
Rachel Dalton
,
18 March 2021
Zurich launches new commercial insurance risk advisory unit
The resilience solutions operation joins advisory segments focused on climate change, cyber security and supply chain risk.
Anna Sagar
,
18 March 2021
Tokio Marine HCC hires Burke from Lloyd’s
The former Corporation chief technology officer will report to Thibaud Hervy.
Rachel Dalton
,
18 March 2021
Arch’s Global Mortgage Group to buy Westpac unit
The acquisition adds to Arch’s mortgage insurance operations in Bermuda, Europe and the US.
Rachel Dalton
,
18 March 2021
LMG names Wagstaff as interim CEO
The Luther Pendragon director will be seconded to the role on a part-time basis from 1 April until the end of 2021.
Catrin Shi
,
18 March 2021
Severe weather batters Deep South with further risk of tornadoes
Schools, state agencies and Covid-19 vaccination hubs were closed as a precaution.
Rachel Dalton
,
18 March 2021
Japanese wind: Measured gains for badly measured risk
Rate rises on wind covers are broadly in the 5%-10% range, running somewhat ahead of quake increases.
Adam McNestrie
,
18 March 2021
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