Market News
Facultative Reinsurance Runoff Transaction Completed for Workers Comp
Randall & Quilter Investment Holdings Ltd. (R&Q) has issued a facultative reinsurance certificate to a large US property-casualty insurer. The collateralized reinsurance policy was written from a cell within R&Q's wholly owned subsidiary, R&Q Quest Insurance Limited. Read More
Emerging Economies Insurance Gap Persists, According to Lloyd's
In "A World at Risk: Closing the Insurance Gap," the latest research from Lloyd's, the organization found $163 billion of assets are underinsured in the world today, leaving an exposure gap that poses a significant threat to livelihoods and global prosperity. Read More
Allianz Grows Alternative Risk Transfer Line to Asia Pacific
Allianz Global Corporate & Specialty SE has expanded its alternative risk transfer (ART) line of business to the Asia Pacific region while appointing Richard Green as regional head of ART, Asia Pacific. Read More
KBRA: Bermuda Business Environment Fosters (Re)Insurance Innovation
In a report, Kroll Bond Rating Agency (KBRA) said Bermuda's role as both a seasoned reinsurance provider and a solution incubator for the global (re)insurance industry continues, and KBRA believes Bermuda's role is perhaps even more relevant now than ever before. Read More
HyreCar To Implement Captive Insurance Solution for Ridesharing
Through a joint venture, HyreCar, Inc., will partner to create a captive insurance company designed for car sharing in the ridesharing space. The company said a captive solution will give it the flexibility to reduce risk and increase profit margins while providing tailored insurance solutions for the on-demand economy. Read More