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Updated: 13 min 48 sec ago

SCOR benefits from below average nat cat losses in H1

26 July, 2018 - 09:49
Below average natural catastrophe losses at 2.3 percent of premium has helped SCOR to deliver an improved underwriting performance in the first half of 2018.

AXIS Q2 results boosted by Novae acquisition and reserves

26 July, 2018 - 09:48
AXIS Capital delivered a robust set of results in the second quarter with both profits and gross written premiums increasing as the company reaped the rewards of its integration of Novae, which it acquired in 2017, and positive reserve development.

Wins in reinsurance boosts growth at JLT but profits dip as it ‘transforms’

26 July, 2018 - 09:48
JLT Group enjoyed strong growth in its reinsurance segment in the first halve of 2018 but its profits were hit by the costs associated with its global transformation programme, which it claims will eventually benefit the business to the tune of £40 million a year.

2017 cat losses revealed ‘surprising’ differences in reinsurers’ exposures: S&P

26 July, 2018 - 09:48
The natural catastrophe losses of 2017 revealed some “surprising” disparities in reinsurers' exposures and their estimated return periods, according to a new report by S&P called ‘Are Global Reinsurers Ready For Another Year Of Active Natural Catastrophes?’

US Congress extends NFIP till November

26 July, 2018 - 09:48
The US Congress has enacted a short-term extension to the National Flood Insurance Program (NFIP) through November, preventing the programme to lapse during peak hurricane season.

XL Catlin partners with US insurtech Slice for 'on-demand' cyber insurance

26 July, 2018 - 09:48
Re/insurer XL Catlin has partnered with US-based insurtech start-up Slice Labs, which offers cloud-based on-demand insurance for a new digital insurance solution.

Brit poaches Chubb to build new private clients offering

26 July, 2018 - 09:48
Specialty re/insurer Brit has hired a senior Chubb executive to establish a private clients offering at the company.

Q2 GWP dip at Lancashire but CEO bullish on outlook

26 July, 2018 - 09:48
Profits and gross written premiums dipped at Lancashire Holdings in the second quarter of 2018. But the company said it has taken advantage of rate increases and remained positive as its chief executive suggested more wind losses this year could begin to dampen appetites in the market, reducing capacity.

Gallagher hires Marsh duo to expand trade credit & surety practice

26 July, 2018 - 09:48
Broker Gallagher has bolstered its Manchester-based team with two experienced specialists from Marsh to build out its footprint in the north of the UK.

Willis Towers Watson sues Noonan over move to Alliant

25 July, 2018 - 15:48
Willis Towers Watson (WTW) has filed a lawsuit against its former North America construction industry leader William Noonan claiming that he has breached contract by taking, using, or disclosing confidential Information when he took a job at Alliant and by soliciting key employees on behalf of Alliant

Hyperion seeks new CFO as Corbett decides to leave at year end

25 July, 2018 - 15:46
Intermediary Hyperion Insurance Group's chief financial officer (CFO) Oliver Corbett has decided to leave the company to pursue other opportunities.

Allianz swoops for AIG talent as AGCS financial lines head

25 July, 2018 - 15:45
Allianz Global Corporate & Specialty (AGCS) has appointed Stefania Davì-Greer as head of financial lines for its regional unit London (RUL).

Ascot launches new trade credit unit with Zurich, Atradius hires

25 July, 2018 - 15:45
Bermuda domiciled specialist re/insurer Ascot has launched a new trade credit insurance division in the US while appointing senior executives from Atradius and Zurich.

Munich Re unveils new US flood cover for small businesses

25 July, 2018 - 15:45
Munich Reinsurance America (Munich Re) has launched a new US commercial inland flood coverage to help protect small businesses and habitational properties in low to moderate flood zones.

LIIBA warns members over no-deal Brexit

25 July, 2018 - 12:48
The London Insurance and International Brokers Association (LIIBA) is calling for its members to prepare for the possibility that the UK will leave the EU without a trade deal.

Qatar Insurance Company CEO claims progress in repositioning move

25 July, 2018 - 12:48
Doha-based Qatar Insurance Company (QIC) CEO Khalifa Abdulla Turki Al Subaey believes that the group is making progress in repositioning the business.

WR Berkley CEO concerned about reinsurance, bullish on casualty

25 July, 2018 - 10:58
The casualty business is “the sweet spot today,” WR Berkley CEO Robert Berkley said during the re/insurer’s second quarter 2018 earnings call, while noting that the reinsurance business is dragging.

Enstar, PE firm acquire stakes in AmTrust

25 July, 2018 - 10:11
Bermuda-based insurance group Enstar and private equity firm Madison Dearborn Partners (MDP) are taking a stake in AmTrust Financial Services.

Chubb expands as commercial P&C rates rise

25 July, 2018 - 09:41
Chubb is expanding the property/casualty (P&C) business as it takes advantage of price increases.

Hiscox appoints new UK CUO from Zurich

25 July, 2018 - 09:40
Specialist insurer Hiscox has made two new senior appointments within its UK retail business from Zurich Insurance Group and Phillips.

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