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Winifred Okocha

Published by this author:

  • Scor is expected to upsize its new Atlas IX cat bond to $300mn from a $250mn target as the transaction priced at the upper end of initial forecasts, sources told Trading Risk.
  • RSA sells Italian arm; Liberty enters German casualty; Sande Investments buys Houlder; AIG names UK CEO; Amlin Miami hire; Gras Savoye takeover approved; Axa completes acquisition; S&P 500 welcomes Willis; R&Q assumes liabilities; Cat facility approved; CSC buys more shares; Scor hires senior staff; Chairman for Mapfre Asistencia; Fairfax acquires; Chubb people moves
  • Reinsurers stand to lose almost $1.0bn in premiums after Zurich said it planned to retain all business currently ceded by Wells Fargo's crop insurance unit following its deal to acquire the division.
  • Major Australasian insurer IAG has confirmed that the order on its A$7.0bn ($5.1bn) catastrophe reinsurance treaty has been slashed to 80 percent following the inception of its strategic alliance with Berkshire Hathaway.
  • Australasian cedant IAG has confirmed that the order on its A$7.0bn ($5.1bn) catastrophe reinsurance treaty has been slashed to 80 percent following the inception of its strategic alliance with Berkshire Hathaway.
  • Global accountancy firm PwC has predicted that insured losses from UK storms Desmond and Eva will be between £900m and £1.2bn ($1.3bn-$1.8bn)