Intelligent Insurer News
The latest news from www.intelligentinsurer.com
Updated: 30 min 50 sec ago
Guy Carpenter unveils probabilistic flood model for Philippines
The company aims to expand its risk management capabilities in Asia Pacific.
Markel hires professional indemnity underwriter to drive new initiatives
The executive joins Markel from Acappella Syndicate 2014 and Hamilton Managing Agency.
Maiden moves to dual leadership with new co-CEO
The appointee has worked closely with the CEO to help Maiden return to profitability.
Everest Re profits nosedive 95% in Q1 but remains 'resilient'
The re/insurer took a $150 million hit from COVID-19 pandemic related losses.
Profits at Munich Re plummet 65% after high COVID-19 losses
The reinsurer's Q1 2020 result included €1.181bn of major losses; nearly €800m from COVID-19.
General Reinsurance AG appoints Pasdika to executive board
The company's head of international life/health Winfried Heinen is set to retire.
Willis Towers Watson forms specialist group for companies in financial crisis
The new group will help companies facing challenges due to bankruptcy or restructuring.
Axon launches new Lloyd's-backed cyber programme for SMEs
It is designed to tackle the increasing number of exposures faced by SMEs due to changes in the work environment amid COVID-19 lockdown.
RenRe plunges to loss due to $103.8m COVID-19 charge in casualty and specialty
CEO Kevin O’Donnell highlights the company is 'well capitalised with ample liquidity'.
Talanx chair says 'not seen a crisis like this since World War II' as COVID-19 hits earnings
Torsten Leue is focusing on maintaining 'resilience' after COVID-19 drives large losses in primary insurance and reinsurance.
AIG Life outlook 'negative' due to COVID-19 fallout
Fitch expects AIG Life's financial performance to deteriorate over the next one to two years.
Hyperion's DUAL plans large specialty underwriting agency in New Zealand
The company has acquired New Zealand's Lloyd’s coverholder with around £30 million in premium.
Profits fall 60% at Allstate amid COVID-19 crisis
Allstate CEO Tom Wilson credited 'proactive risk management' for lowering the negative impact of the pandemic.
Prudential posts Q1 loss compared with $932m profit a year ago
The company blamed market turbulence related to the COVID-19 pandemic for its poor set of results.
Assurant reports 7% drop in net income in Q1 2020
The company has suspended its 2020 outlook citing COVID-19 uncertainty.
Berkshire's BHSI expands property team in France
The company looks to enhance its property underwriting and services across France and Benelux.
Hiscox hopes £375m capital raise will help capture growth opportunities amid COVID-19
The net proceeds will enable Hiscox to respond to future growth opportunities and rate improvement in the US wholesale and reinsurance markets.
Nexus Specialty hires ex-Chubb/AIG to lead claims unit
The executive has managed high value complex claims at both Chubb and AIG during his 40-year insurance career.
Ryan Specialty appoints ex-AON to chief revenue officer role
Prior to joining RSG, the executive held several leadership roles with Aon Re.
Greenlight Re 'satisfied' despite $40m Q1 net loss and investment turmoil
The reinsurer's investment portfolio took a massive hit due to the 'considerable market turmoil surrounding COVID-19'.
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