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Updated: 54 min 45 sec ago

Sirius posts 'disappointing' Q3 results after listing, says CEO

16 November, 2018 - 13:36
Bermuda-based Sirius International Insurance Group CEO Allan Waters has called the third quarter 2018 results "disappointing" following the listing of the company on Nasdaq.

California’s Camp fire claims 63 fatalities, 40% contained

16 November, 2018 - 11:49
California’s deadliest wildfire in the state’s history, the Camp fire in Butte County, has claimed 63 fatalities and is contained to 40 percent, according to latest data from the California Department of Forestry and Fire Protection (Cal Fire).

Insurtech Hippo secures $70m in funding

16 November, 2018 - 11:47
California-based insurtech frim Hippo has secured $70 million in a funding round co-led by investment firm Felicis Ventures, and homebuilder Lennar Corporation.

A wake-up call in uncertain times: Swiss Re

16 November, 2018 - 10:40
The warning signals from 2017 are clear: the future success of our industry will depend on the strength of our partnerships and our ability to combine the knowledge and assets of each in order to develop innovative solutions, says Moses Ojeisekhoba of Swiss Re.

Allstate October cat losses at $202m

16 November, 2018 - 10:30
US personal lines insurer Allstate Corporation has estimated catastrophe losses for the month of October 2018 of $202 million, pre-tax ($160 million, after-tax), driven by hurricane Michael.

Prudential deal boosts Hiscox DirectAsia: Jefferies

16 November, 2018 - 10:22
The partnership Hiscox’s online P&C insurer DirectAsia business has signed with Prudential Singapore, a subsidiary of UK-based Prudential, is set to accelerate growth at Hiscox’s DirectAsia business which is already exceeding 27 percent, according to Jefferies analysts.

Helios snaps up Lloyd's LLV Advantage for up to £1.9m

16 November, 2018 - 10:20
Lloyd's private capacity provider Helios Underwriting has acquired Advantage DCP, a limited liability member (LLV) of Lloyd's of London, for a consideration of up to £1.91 million.

‘Gaping hole’ in Brexit deal for brokers must be resolved: BIBA

15 November, 2018 - 16:05
The British Insurance Brokers Association (BIBA) has echoed the concerns of other bodies in arguing that the draft Brexit agreement revealed today (November 15) does not offer a solution for UK brokers trading with retail and commercial customers in Europe.

Paul Jardine joins insurtech AkinovA's board

15 November, 2018 - 16:05
Former XL Catlin veteran Paul Jardine has joined the advisory board of insurtech startup AkinovA.

Swiss Re provides capacity on structured solar deal

15 November, 2018 - 16:04
Swiss Re Corporate Solutions has provided the risk capacity for a so-called Solar Revenue Put, a credit enhancement that guarantees up to 95 percent of a solar project’s expected energy output, which has also been described as a new type of insurtech potentially worth billions.

PartnerRe posts Q3 loss but enjoys solid growth

15 November, 2018 - 16:02
PartnerRe’s third quarter results were hit hard by losses from Typhoons Jebi and Trami and Hurricane Florence as well as losses on its investment portfolio though its CEO was upbeat as its non-life unit reported an underwriting profit in the first nine months of the year.

Hiscox unveils reshuffle in reinsurance, ILS including hire from Ariel Re

15 November, 2018 - 16:02
Specialist insurer Hiscox has made three new appointments within its reinsurance and insurance-linked securities (ILS) division, including a new hire from Ariel Re.

Marsh unveils new digital broker Bluestream

15 November, 2018 - 15:54
Broker Marsh has launched a cloud-based digital broker platform for the affinity market.

Blockchain initiative B3i cooperates with RiskBlock Alliance

15 November, 2018 - 14:26
B3i, the blockchain insurance industry initiative, is cooperating with RiskBlock Alliance in the development and setting of data standards for the insurance industry.

Brexit deal’s focus on equivalence ‘unfortunate’ for insurers and brokers

15 November, 2018 - 10:44
The chief executive of the London and International Insurance Brokers’ Association (LIIBA) has voiced concerns regarding the draft Brexit agreement reached by the UK and European Union.

AM Best downgrades Maiden Re following sale of US unit to Enstar

15 November, 2018 - 10:00
The financial strength ratings of Maiden Re and its US operating subsidiary Maiden Reinsurance North America have been downgraded to B++ from A- by AM Best in response to strategic changes at the company.

Aegon to reappoint CEO Alex Wynaendts

15 November, 2018 - 10:00
Dutch insurance group Aegon will reappoint Alex Wynaendts as its chief executive officer (CEO) of the company - for another four-year term.

Camp Fire deadliest wildfire in California history: AIR Worldwide

15 November, 2018 - 10:00
The Camp and Woolsey fires in California have now burned through more than 230,000 acres, destroyed more than 9,000 structures and damaged more than 150 structures since the blaze ignited on Thursday, November 8, according to AIR Worldwide.

Markel closes Nephila acquisition

15 November, 2018 - 10:00
Markel Corporation has completed its acquisition of Nephila Holdings, the biggest insurance-linked securities (ILS) manager in the world.

Cost savings boost NN Group’s Q3 results

15 November, 2018 - 10:00
Dutch insurer NN Group enjoyed an increase in its profits in the third quarter of 2018 partly boosted by further cost savings as a result of its 2017 acquisition of Delta Lloyd.


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