AXIS Capital, a global specialty underwriter and provider of insurance and reinsurance solutions, is expanding its suite ofspecialty insurance solutions in North America by launching a Canadian Environmental Impairment Liability (EIL) insurance unit, set to be led by Ludwig Nagata. Nagata, has joined AXIS as Assistant Vice President, Environmental, Canada. In his new role, he will be based in Toronto with a national focus. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

American European Insurance Company and ShoreOne Insurance Managers, Inc. have revealed their successful sponsorship of the $125 million Charles River Re Ltd. Series 2024-1 catastrophe bond. American European is entering into a reinsurance contract with Charles River Re Ltd. which offers protection against named storms for business written by ShoreOne on its behalf and provides it with a diversification of risk transfer capacity and access to the capital markets. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems ..read more

A recent report by Fitch Ratings indicates a positive trend in the operating environment for Turkish non-life insurers, driven by lower inflation and improved pricing practices, particularly in motor damage insurance. This optimism is further bolstered by Fitch’s recent upgrade of Turkiye’s sovereign rating to ‘B+’ from ‘B’, with a revised outlook from stable to positive, which enhances insurers’ asset quality assessments. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

RT Specialty, the wholesale distribution division of specialty insurer Ryan Specialty, has announced the promotion of Jason Murrey to President of Commercial Lines Binding Authority. In his new role Murrey will oversee the operational leadership of the RT Commercial Binding Authority and its teams. A dedication to process efficiency and exemplary service is crucial for this role to ensure that these teams uphold the highest standards for clients and capital providers alike, RT Specialty noted. This byline is for a different person with the same name. This byline is mine, but I want my name rem ..read more

Zurich-based catastrophe insurance data provider PERILS AG has released its Industry Exposure Database (IED) for 2024, highlighting the continued impact of inflationary developments, with exposure growth at 11.7% year-on-year in USD terms across all markets. This new instalment of the PERILS IED 2024 includes detailed sums insured exposed to natural perils of USD 111 trillion of property assets. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

According to a recent insurance economics outlook from the Insurance Information Institute (Triple-I), the economic drivers of the US property & casualty (P&C) insurance industry are growing faster than the nation’s Gross Domestic Product (GDP), and are anticipated to gain further momentum in the event of Federal Reserve monetary rate cuts. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

Verita, a Managing General Underwriting (MGU) company, is strengthening its Claims team with the appointments of William (Bill) Barry as Chief Claim Manager and Chris Adolph Head of Property Claims. Barry brings more than three decades of experience in casualty claims, claim account management, and client servicing to Verita. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

R&Q Insurance Holdings (R&Q) has announced it has agreed to sell all the interests held by R&Q and its affiliates in the Joint Venture between Obra and R&Q, Sag Main, to Obra Capital, Inc. The non-life specialty insurer has also provided trading updates as well as on the sale of its Accredited business to Onex. Regarding the sale of interest in Sag Main, under the terms of the transaction agreements with Obra, R&Q Solutions LLC and R&Q Re (Bermuda) Ltd. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple by ..read more

The recent strong winds and severe convective storms that struck the central and southern United States between April 6-11, are estimated to drive economic and insured losses into the hundreds of millions or higher, USD, according to Aon’s weekly cat report. Between April 6-7, a deep surface low-pressure system initiated severe storms and extremely intense winds over central US. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

Florida Peninsula Insurance Company has announced a 2% statewide decrease in homeowners insurance premiums. This reduction is partly due to recent legislative changes and the diligent efforts of the analyst team at Florida Peninsula Insurance, who have identified opportunities for additional savings to benefit policyholders across Florida. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more