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Moody’s and Marsh settle captive tax dodge allegations

A whistleblower alleged that Marsh “aided and abetted the scheme” by Moody’s to underpay New York taxes.

Bernard Goyder, January 08, 2020
QBE hires Fitzgerald to lead NA specialty and commercial

Tom Fitzgerald most recently served as a CEO at Aon Risk Solutions.

John Hewitt Jones, January 08, 2020
Munich Re pegs 2019 insured cat losses at $52bn, with Hagibis at $10bn

The insured loss total is more than one third down on the 2018 tally of $80bn.

Rachel Dalton, January 08, 2020
Creep and wildfires propelled rates at 1.1: GC’s Whitmore

Unmodelled cat losses are prompting a reassessment of pricing, the broker said.

Rachel Dalton, January 08, 2020
Genstar to sell up to 21% Palomar stake

The earthquake insurer’s share price has more than trebled since its April IPO on Nasdaq.

Anna Sagar, January 08, 2020
QBE sues security firm over accidental server shutdown

The carrier said the blunder last August caused widespread disruption to its business.

John Hewitt Jones, January 07, 2020
Hamilton picks Ali to run rebranded ILS unit

Ali will take charge of Hamilton’s future cat bond placements, having been involved in the recent renewal of its sidecar Turing Re.

Bernard Goyder, January 07, 2020
Winery sues RSA, Lloyd’s syndicates over wildfire smoke claim denial

The dispute concerns whether insurers should pay out for damage from fire-related pollution.

John Hewitt Jones, January 07, 2020
Puerto Rico rattled by 6.4-magnitude earthquake

Heavy insured losses are unlikely because of scant earthquake coverage in the region, according to Fitch.

Bernard Goyder, January 07, 2020
Sompo appoints US management liability and FI chief

Ray Santiago joins the insurer from Axa XL’s New York office.

John Hewitt Jones, January 07, 2020

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