Re/insurers

Chief underwriting officer Patrick Gage and head of property Lloyd Tunnicliffe are leaving the insurer as it withdraws from a number of lines.

HazeShield covers businesses in Singapore from loss of income and reduced trade caused by haze events.

Amundi Pioneer has invested in the new sidecar across several of its funds.

Florida Citizens has recovered more than a third of its $350mn “wrap” insurance cover from reinsurers, with payments led by Validus.

The city of Osaka sustained most of the losses.

The National Hurricane Center predicted catastrophic freshwater flooding as the eye of the hurricane touched down at Wrightsville Beach.

Flood risk concerns could mean more drain on the public purse to pay for damages via the NFIP.

Duperreault recognises the quality of the Bermudian reinsurance industry.

Human behaviour now has a smaller role in determining pricing, according to the broker's president and global head of casualty.

Sirius International Insurance Group and Easterly Acquisition Group have named Gallatin Point Capital as one of the investors on a private placement that will raise at least $213mn.

Marcus Pollak, who joins from PartnerRe, will lead underwriting process and portfolio management activities for Axis Re.

The insurer’s losses are far from eroding its deductible in 2018, after two consecutive years of claims under its aggregate reinsurance covers.