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Updated: 48 min 52 sec ago

Navigators targets Continental Europe retail market as CEO bemoans high costs of Lloyd’s

24 January, 2018 - 17:26
The chief executive of Navigators says he sees great potential for expansion in the European retail market for its specialty products.

Insurtech investment volume shrinks in 2017

24 January, 2018 - 15:24
The global insurtech financing volume has fallen in 2017 to $2.24 billion compared to $2.69 billion in 2016 and $2.75 billion in 2015, according to FT Partners fintech industry research.

Auto insurtech Nexar secures $30m for expansion; appoints CFO

24 January, 2018 - 15:23
Israeli insurtech startup Nexar has raised $30 million in Series B funding to support its next phase of expansion while appointing new members to the executive team.

Ryan Specialty reveals acquisition deal in New York

24 January, 2018 - 15:19
Ryan Specialty Group has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency (ISA), a New York-based human and social service managing general underwriter.

2017 becomes costliest nat cat year on record

24 January, 2018 - 11:43
Weather disasters in 2017 added up to $344 billion in global economic losses, according to the latest Aon catastrophe report.

AXIS A&H CEO leaves amid restructuring

24 January, 2018 - 10:20
Christopher DiSipio, CEO of AXIS accident & health (A&H), will be leaving AXIS as the Bermuda-based specialty re/insurer restructures the business following the Novae acquisition.

Qatar Insurance Group expands despite challenging 2017

24 January, 2018 - 10:19
Bermuda-based Qatar Insurance Company (QIC) continues expanding the business to become a “global top 50 insurance group” despite a challenging 2017.

Bermuda re/insurers’ 2017 combined ratio jumps

24 January, 2018 - 10:18
Bermuda's major re/insurers will report elevated combined ratios for 2017, averaging around 108 percent to 109 percent, according to Fitch Ratings.

Former Travelers Canada CEO to head up P&C at Kemper

24 January, 2018 - 10:16
Chicago-based Kemper Corporation has hired Travelers executive Duane Sanders as president of property & casualty (P&C) division.

Lloyd's approves Axon Underwriting as a coverholder

24 January, 2018 - 10:14
Lloyd's has granted coverholder status to specialty lines programme administrator Axon Underwriting, allowing it to underwrite and issue policies on behalf of certain Lloyd's underwriting syndicates.

US motor insurtech Root expands reach

24 January, 2018 - 10:12
Root Insurance, a car insurance company that operates entirely via mobile technology, has added availability in four new states in the US.

Stephen Catlin re-emerges at private equity firm

23 January, 2018 - 16:12
Insurance veteran Stephen Catlin joined private equity firm Aquiline Capital Partners as a senior advisor at the end of 2017.

Travelers underwriting income plummets

23 January, 2018 - 14:53
US property/casualty insurer Travelers has seen its underwriting income fall sharply in the fourth quarter as well as in the full year of 2017.

Cloud service failure could cost $15bn

23 January, 2018 - 14:53
An extreme cyber incident that takes a top cloud provider offline in the US for 3 to 6 days would result in economic losses of $15 billion and up to $3 billion in insured losses, according to a Lloyd’s Jan. 23 press release.

XL Catlin unveils new insurance offering in France

23 January, 2018 - 14:53
XL Catlin’s insurance operation in France and Benelux has launched new local underwriting capabilities with the appointment of Eric Zandvliet as head of political risk, credit & bond (PRCB).

Ryan Specialty appoints CEO of ThinkRisk, CorPro

23 January, 2018 - 14:53
Ryan Specialty Group (RSG) has promoted Reza Khan to CEO and president of ThinkRisk Underwriting Agency and CorPro Underwriting Managers.

Paragon appoints reinsurance leader

23 January, 2018 - 14:52
Paragon Insurance Holdings, a multi-line specialty managing general agency (MGA), has appointed Andrew Petersen as regional president and executive vice president (EVP) of reinsurance operations.

Analysts positive on AIG-Validus deal

23 January, 2018 - 10:53
American International Group’s (AIG’s) plan to take over Bermuda-based Validus Holdings has triggered positive comments from market observers.

Talanx acquires Liberty Mutual's Turkish unit

23 January, 2018 - 10:18
The Germany-based group Talanx is acquiring 99.4 percent of the shares in Liberty Sigorta, the Turkish non-life subsidiary of US-based Liberty Mutual Group.

Beazley boosts European growth with Aon and Chubb hires

23 January, 2018 - 10:16
Specialist insurer Beazley has strengthened its international specialty lines teams across Europe with a series of hires from Aon, Chubb and Tokio Marine, among others.

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