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Updated: 19 min 10 sec ago

XL Catlin appoints CUO international financial lines

8 February, 2018 - 08:10
Re/insurer XL Catlin has promoted Tim Powell to chief underwriting officer for international financial lines (IFL).

Australia’s Insurance Council Board appoints three directors

8 February, 2018 - 08:09
The Insurance Council of Australia (ICA) has made three new appointments to its board of directors.

Four high-rise buildings partly collapse in M6.4 Taiwan earthquake

8 February, 2018 - 08:09
At least four high-rise buildings partly collapsed or are leaning precariously after an M6.4 earthquake struck north of Hualian, Taiwan on Tuesday, Feb. 6, according to catastrophe modelling firm AIR Worldwide.

Cyber insurance could be credit negative for insurers: Fitch

7 February, 2018 - 16:41
Cyber insurance brings opportunities for business growth and diversification for some insurers, but could be a credit negative for others given the potential to generate larger future losses, according to Fitch Ratings.

World Bank issues $1.36bn cat bond

7 February, 2018 - 16:20
The World Bank has issued its largest ever catastrophe bond covering earthquake, providing the organisation with $1.36 billion of capital markets protection.

White Mountains seeks opportunity to deploy capital, says CEO

7 February, 2018 - 16:20
Bermuda-based insurance holding company White Mountains is seeking opportunities to deploy excess capital.

Everest hires European credit & political risk head from Aspen

7 February, 2018 - 15:36
Everest Re Group has recruited the head of Aspen Insurance’s credit and political risk business.

Brit expands US claims function with senior hire

7 February, 2018 - 15:29
Specialty re/insurer Brit has hired Christopher Ballantyne to join its claims team in the newly created role of vice president of delegated claim authority.

Insurtech Indio raises $6m in expansion move

7 February, 2018 - 15:14
Indio Technologies, a commercial insurance platform for brokers has raised $6 million in Series A financing to expand its digital platform to modernise commercial insurance processes for brokers and agents.

Lawsuit throws EXIN’s Greek insurance acquisition in doubt: Reuters

7 February, 2018 - 10:52
US investor Calamos Family Partners (CFP) filed a lawsuit in the US against Dutch EXIN Financial Services Holdings for defaulting on loans, according to an emailed statement, putting in doubt the planned acquisition of National Bank of Greece’s insurance unit, according to a Feb. 7 Reuters report.

US P&C to post second consecutive underwriting loss in 2017

7 February, 2018 - 10:35
The US property/casualty (P&C) industry is set to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses, according to AM Best estimates.

Hannover Re ups 2017 profit, sets 2018 target

7 February, 2018 - 10:35
Hannover Re has raised its group net income estimates for 2017 to €950 million from €800 million and set a new target for the current financial year.

Markel doubles profit in 2017 despite combined ratio jump

7 February, 2018 - 10:33
Commercial insurer Markel reported a comprehensive income to shareholders of $1.2 billion for 2017 compared to $667.0 million in 2016.

Reshuffle at QBE in optimisation push

7 February, 2018 - 10:31
Re/insurer QBE is realigning its operating model to take a more customer-centric approach. The move has resulted in several people moves, and creation of two new portfolios in its Australian and New Zealand operations.

Cat bond issuance reaches record $11bn in 2017, decline in 2018 expected

30 January, 2018 - 11:07
The catastrophe bond market reached a new record in 2017 with a combined total capacity of $10.7 billion, according to a new Aon Securities report.

RGA records $1bn gain from US tax reform in Q4

30 January, 2018 - 11:07
Reinsurance Group of America (RGA) recognised a net income of approximately $1.0 billion during the fourth quarter as a result of the US Tax Reform.

Regulation main 2018 challenge for UK insurers

30 January, 2018 - 10:41
Regulation will be the main test for UK insurers in 2018, according to S&P Global Ratings.

Aetna strikes $200m Vitality Re IX health ILS deal

30 January, 2018 - 10:29
Health insurer Aetna has entered into a four-year reinsurance arrangement with Vitality Re IX as part of its long-term capital management strategy, according to a Jan. 29 press release.

Paragon attracts Epic-Oak Hill investment

30 January, 2018 - 10:29
Paragon Insurance Holdings, a multi-line specialty managing general agency (MGA), said Jan. 29 that Edgewood Partners Insurance Center (EPIC) and Oak Hill Capital Partners have acquired an equity stake in the company.

Ed bolsters cyber offering with new hire

30 January, 2018 - 10:29
Reinsurance, wholesale and specialty broker Ed has hired Henry Warner from SafeOnline to further develop its cyber book.

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