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Lloyd’s profit halves in H1 despite underwriting improvement

21 September, 2018 - 10:30
Lloyd’s of London’s pre-tax profit halved in the first six months of 2018 due to a lower investment return and despite an improvement in the combined ratio.

Generali creates new asset manager with $4bn capital led by ex-AllianceBernstein boss

21 September, 2018 - 10:28
Italian insurer Assicurazioni Generali has launched a new asset management company headquartered in New York City that it claims will have a "disruptive revenue model".

Lloyd’s has opportunity to lead insurtech ‘arms race’

21 September, 2018 - 10:27
The global reach of Lloyd’s combined with the nimble nature of its carriers means the market has the potential to lead from the front when it comes to gaining advantage from new technologies, a new report has suggested.

RSA hires Zurich's Sweeney as CUO of UK/international

21 September, 2018 - 10:27
RSA Insurance Group has hired the former CUO for Zurich’s commercial business for its UK and international business.

Cyber risk is now second biggest worry of firms – yet majority also unprepared

21 September, 2018 - 10:27
Cyber risk is now the second biggest concern across all business sizes and industries, and the percentage of businesses reporting they have been the victim of a cyber attack has doubled, according to the latest results of the 2018 Travelers Risk Index complied by The Travelers Companies.

AXIS Re swoops for MS Amlin underwriter for property reinsurance at Lloyd’s

21 September, 2018 - 10:27
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has appointed MS Amlin's William Bennett as senior underwriter, property reinsurance at Lloyd’s.

Florence will likely trigger NFIP reinsurers – again

21 September, 2018 - 10:26
Hurricane Florence will likely be an earnings event for the private insurance industry but the National Flood Insurance Program (NFIP) could be hit with heavy losses, potentially resulting in claims for its reinsurers for the second year in a row and its first cat bond being triggered, according to Fitch Ratings.

SCOR partners with SME insurtech startup Hokodo

21 September, 2018 - 10:26
Insurtech start-up Hokodo has partnered with SCOR Global P&C’s Channel Syndicate to provide an invoice protection product to small and medium sized businesses using its innovative distribution technology.

Fidelis adds energy market capacity with new MGA Kersey

21 September, 2018 - 10:21
Bermuda-based Fidelis Insurance has acquired an equity stake in a new managing general agent (MGA) Kersey Specialty that will focus on upstream energy subscription market insurance.

Pioneer expands political violence team with Advent hire

21 September, 2018 - 10:20
Pioneer Underwriters has bolstered its political violence team with the appointment of a new underwriter from Advent Underwriting.

Lemonade CEO suggests insurer has ‘turned a corner’ in underwriting

20 September, 2018 - 15:13
Lemonade CEO and co-founder Daniel Schreiber believes that the insurer has “turned a corner” as the loss ratio is improving.

SCOR’s Kessler demands Covéa CEO departure from board

20 September, 2018 - 12:14
SCOR CEO Denis Kessler has sent a letter on Sept. 6 to Covéa chairman and CEO Thierry Derez, asking him to resign from his position as a SCOR board member because of a conflict of interest.

StarStone CEO resigns after parent company drops sale plan

20 September, 2018 - 11:40
StarStone CEO Demian Smith has stepped down from his position directly after StarStone’s parent company, Bermuda-based run-off specialist Enstar, revealed that it is no longer selling the specialty carrier.

Investor pressures SCOR on Covéa takeover

20 September, 2018 - 10:51
An activist investment fund is putting pressure on French reinsurer SCOR’s management after it rejected a friendly €8.2 billion takeover offer by French cooperative insurer Covéa in late August 2018, according to a Reuters report.

Insurtech transactions reach new peak but volumes fall

20 September, 2018 - 10:44
A total of 71 Insurtech funding transactions during the second quarter of 2018 marks a record high, according to the new Quarterly InsurTech Briefing from Willis Towers Watson (WTW).

Primary insurers to bear most of hurricane Florence’s losses

20 September, 2018 - 10:34
Primary insurers (including auto insurers) are expected to bear most of the losses from hurricane Florence, according to Keefe, Bruyette & Woods (KBW) analysts.

RSA's Turner succeeds Berg as IUMI president

20 September, 2018 - 10:29
Richard Turner, European director of Global Risk Solutions at RSA Insurance Group, has been elected president of the International Union of Marine Insurance (IUMI).

Gallagher taps Marsh trade credit leader to scale up Manchester practice

20 September, 2018 - 10:17
Broker Gallagher has hired a Marsh executive to build out its specialist UK trade credit & surety practice across the North, where the company believes both clients and new business opportunities are arising.

Beach poaches Marsh SVP for new London wholesale practice

20 September, 2018 - 10:14
Re/insurance broking and advisory firm Beach & Associates has hired Marsh's Jonathan Tritton as senior vice president of its newly formed London wholesale practice.

Largest ever wildfire in California officially contained

20 September, 2018 - 10:10
The Mendocino Complex Fire, the largest wildfire in California's history, is now 100 percent contained, according to an official statement by California’s insurance commissioner Dave Jones.


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