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September 15, 2020 | Industry News
Major Insurer Stops Selling Pandemic Coverage Munich Reinsurance Co., based out of Germany, has stopped selling pandemic business insurance coverage after it reportedly took a $1.8 billion (€1.5 billion) hit in the first half of 2020 due to the worldwide COVID-19 pandemic, according to Verdict....
February 2, 2016 | Industry News
United Insurance Holdings Enters into Catastrophe Aggregate Reinsurance Contracts United Insurance Holdings Corp . (“UPC Insurance”), a property and casualty insurance holding company, said that it had successfully placed a new property aggregate excess of loss reinsurance program effective...
In Asbestos Coverage Dispute, N.Y. District Court Applies Follow-the-Settlement Doctrine After Ruling that Insurer’s Settlement with Insured Was Reasonable
January 26, 2016 | Case Law Analysis
In Asbestos Coverage Dispute, N.Y. District Court Applies Follow-the-Settlement Doctrine After Ruling that Insurer’s Settlement with Insured Was Reasonable The U.S. District Court for the Northern District of New York has ruled that a settlement between an umbrella insurer with its insured...
November 9, 2015 | Industry News
Dan Bolgar Named Head of Health at PartnerRe Following Retirement of Dennis Heinzig Dan Bolgar , formerly chief executive officer at AXIS Accident & Health Reinsurance, has been appointed head of health at PartnerRe , effective November 16, 2015. Mr. Bolgar will be based out of PartnerRe's...
New York Life Completes Acquisition of Participating Whole Life Insurance Block from John Hancock, via Reinsurance
July 9, 2015 | Industry News
New York Life Completes Acquisition of Participating Whole Life Insurance Block from John Hancock, via Reinsurance New York Life has completed the acquisition, through reinsurance, of a net 60 percent interest in John Hancock Financial 's closed block, comprised primarily of participating whole...
April 29, 2015 | Industry News
Paul Karon Appointed Vice Chairman of TigerRisk TigerRisk Partners LLC , the reinsurance broking and risk/capital management firm, has appointed Paul Karon as vice chairman. “With his years of top-level reinsurance broking leadership experience, Paul will play a strategic role in the continued...
April 7, 2015 | Industry News
W. R. Berkley Combines Its U.S. Broker Market Reinsurance Units and Makes Executive Appointments W. R. Berkley Corporation has combined its U.S. broker market reinsurance units, Berkley Re America and Facultative ReSources , into a single operating unit that will trade under the Berkley Re...
January 28, 2015 | Industry News
AXIS Capital and PartnerRe to Combine in $11 Billion Merger AXIS Capital Holdings Limited and PartnerRe Ltd. have agreed to merge, creating a global specialty insurance and reinsurance company with gross premiums written in excess of $10 billion, total capital of more than $14 billion, and cash...
January 8, 2015 | Industry News
Aspen Re Renews Silverton for 2015 Aspen Reinsurance , the reinsurance segment of Aspen Insurance Holdings Limited , has announced that its Aspen Capital Markets division has renewed Silverton Re for 2015. Silverton Re is a Bermuda-domiciled special purpose insurer that...
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