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Florida adds hurricane reinsurance for 'healthy' catastrophe fund
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
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
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.
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Florida adds hurricane reinsurance for 'healthy' catastrophe fund
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.
- Read full article
- Comments(0) To comment, please Sign In
Allied World appoints Jodi Garratt to Australia Property Assistant Vice President
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.
- Read full article
- Comments(0) To comment, please Sign In
Zurich unit in $2.3bn annuity reinsurance deal with RGA Re
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.
- Read full article
- Comments(0) To comment, please Sign In