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Florida adds hurricane reinsurance for 'healthy' catastrophe fund

Wednesday, May 24, 2017 - 20:21
by Orlando Sentinel

The Florida Hurricane Catastrophe Fund is in its strongest financial position ever as the state heads into the annual storm season next month.

But state officials may bolster the fund, which helps private insurers pay claims if Florida gets hit by a major hurricane, with a purchase of $1 billion in private reinsurance.

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Allied World appoints Jodi Garratt to Australia Property Assistant Vice President

Friday, May 19, 2017 - 10:16
by Reinsurance News

Allied World Assurance Company has announced Jodi Garratt’s appointment to Assistant Vice President of Property in Australia.

In her new role, Garratt will focus on complementing existing local product lines with new property solutions for small and medium-sized enterprises throughout Australia; she will report to Carolyn Shreeve, Vice President and Head of Property, Asia-Pacific.

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Zurich unit in $2.3bn annuity reinsurance deal with RGA Re

Friday, May 19, 2017 - 10:14
by Reinsurance News

A subsidiary of Zurich Insurance Group has entered into a $2.3 billion reinsurance arrangement on a closed book of annuities with Reinsurance Group of America.

The recently announced transaction saw Farmers New World Life, a subsidiary of Zurich, enter into an agreement with Reinsurance Group of America to reinsure a portion of its closed U.S. annuity book.

Click Here to Read More

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Florida adds hurricane reinsurance for 'healthy' catastrophe fund

Wednesday, May 24, 2017 - 20:21
by Orlando Sentinel

The Florida Hurricane Catastrophe Fund is in its strongest financial position ever as the state heads into the annual storm season next month.

But state officials may bolster the fund, which helps private insurers pay claims if Florida gets hit by a major hurricane, with a purchase of $1 billion in private reinsurance.

Click Here to Read More

Allied World appoints Jodi Garratt to Australia Property Assistant Vice President

Friday, May 19, 2017 - 10:16
by Reinsurance News

Allied World Assurance Company has announced Jodi Garratt’s appointment to Assistant Vice President of Property in Australia.

In her new role, Garratt will focus on complementing existing local product lines with new property solutions for small and medium-sized enterprises throughout Australia; she will report to Carolyn Shreeve, Vice President and Head of Property, Asia-Pacific.

Click Here to Read More

Zurich unit in $2.3bn annuity reinsurance deal with RGA Re

Friday, May 19, 2017 - 10:14
by Reinsurance News

A subsidiary of Zurich Insurance Group has entered into a $2.3 billion reinsurance arrangement on a closed book of annuities with Reinsurance Group of America.

The recently announced transaction saw Farmers New World Life, a subsidiary of Zurich, enter into an agreement with Reinsurance Group of America to reinsure a portion of its closed U.S. annuity book.

Click Here to Read More

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