All North America articles – Page 4
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Online onlyUS Re enters Chinese partnership
US-based reinsurer US Re has formed a strategic alliance with a Chinese insurance broking firm. US Re has joined Shanghi Transceed Insurance to provide brokerage and consulting services to the (re)insurance sector. In a joint statement, US Re CEO Tal Piccione and Tranceed president Chen Hui Zen said: "We are ...
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Online onlyUS faces $5.5bn insurance bill for April storms
Latest insured loss estimates from April’s severe storms in the US place the damage bill between $3.7bn and $5.5bn. Catastrophe modeling firm AIR Worldwide has reported the death toll from the events of April 25–April 28 is currently estimated at 354 across seven states. It is the second deadliest ...
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Online onlyThe market has changed, says Hiscox
Recent natural catastrophes have changed the reinsurance market, according to Hiscox.In its interim management statement, the (re)insurer said the first quarter began with rate reductions in reinsurance lines. But following catastrophe losses, reinsurance rates have returned to 2010 levels with increases in some areas, especially in the Asia Pacific. ...
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Online onlyGreenlight Re in management reshuffle
Cayman Islands-based reinsurer Greenlight Re has announced a management reshuffle.Bart Hedges will succeed Len Goldberg as CEO, following Goldberg's upcoming departure on 15 August. Goldberg will remain on the board of Greenlight Re and Greenlight Reinsurance Ireland.Hedges has been with the company since January 2006 and is currently president and ...
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