Feed aggregator

Sompo International expands in the London Market

Intelligent Insurer News - 26 January, 2018 - 09:35
Sompo International, a Bermuda-based specialty provider of property/casualty re/insurance has made a series of leadership appointments in the London Market, a "strategic growth area" for the company.

Storm Friederike insured losses at up to €2.6bn

Intelligent Insurer News - 26 January, 2018 - 09:33
Losses due to wind from winter storm Friederike will range between €1.3 billion and €2.6 billion, according to catastrophe modelling firm AIR Worldwide.

CNA bolsters commercial insurance leadership

Intelligent Insurer News - 26 January, 2018 - 09:31
Insurer CNA has strengthened the leadership of its commercial insurance unit with three appointments.

Harvey, Irma floods cause up to $105bn in damages

Intelligent Insurer News - 26 January, 2018 - 09:29
Flooding from hurricanes Harvey and Irma resulted in an estimated $69 billion to $105 billion in residential and commercial damage, according to data provider CoreLogic.

Lloyd’s CFO proposes curtailing broker commission

Intelligent Insurer News - 26 January, 2018 - 07:55
Lloyd’s chief financial officer has mooted the idea that brokers should reduce the commission they make on business placed in the market as a way of reducing the overall cost of using Lloyd’s.

Trade credit insurers will be hit by Carillion claims: ABI

Intelligent Insurer News - 25 January, 2018 - 15:25
Trade credit insurers are expected to pay some £31 million to help firms in the supply chain recover from the collapse of UK construction company Carillion, according to the Association of British Insurers (ABI).

AIG hires general insurance field ops head from Lockton

Intelligent Insurer News - 25 January, 2018 - 15:24
American International Group (AIG) has appointed Lockton executive Timothy DeSett as head of field operations, North America general insurance.

AmTrust-owned Composite buys General Legal Protection

Intelligent Insurer News - 25 January, 2018 - 15:24
Composite Legal Expenses, a wholly owned subsidiary of AmTrust, has agreed to buy the business and assets of York-based firm General Legal Protection.

Preservation Capital has completed its acquisition of MGA Ascent

Intelligent Insurer News - 25 January, 2018 - 15:24
Ascent Underwriting, a specialist managing general agent underwriting on behalf of a number of Lloyd's Syndicates, has been acquired by mid-market private equity firm Preservation Capital Partners.

Rate increases likely to continue in 2018, says S&P in renewals report

Intelligent Insurer News - 25 January, 2018 - 09:47
Rates will likely continue to increase through 2018 as opposed to fizzling out, S&P Global Ratings has suggested in a new report.

MGA platform Volante bolsters leadership with QBE and Barbican hires

Intelligent Insurer News - 25 January, 2018 - 09:47
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform, has hired executives from QBE and Barbican to boost its leadership team.

US insurers ‘passed’ 2017 but heavy 2018 losses would present real test: S&P

Intelligent Insurer News - 25 January, 2018 - 09:47
While the US property/casualty (P/C) insurance sector passed the ‘capital test’ in 2017 in the wake of record catastrophe losses, the real test will be how the industry fares if 2018 losses mimic last year's activity and if reserve development becomes unfavourable, according to a report from S&P Global Ratings.

Lockton appoints US casualty leader

Intelligent Insurer News - 25 January, 2018 - 09:47
Insurance broker Lockton has promoted Debbie Goldstine to executive vice president and US casualty leader.

Swiss Re and India’s National Insurance Academy sign MoU on skills

Intelligent Insurer News - 25 January, 2018 - 09:47
Swiss Re's Global Business Solutions unit in India has signed a memorandum of understanding (MoU) with country’s National Insurance Academy (NIA), to collaborate as a technical partner on its academic activities and programmes.

Allstate start-up launches ‘distracted driver’ pricing technology

Intelligent Insurer News - 25 January, 2018 - 09:47
Arity, a Chicago-based data start-up by insurer Allstate, has launched a new technology designed to help insurers price individual motor policies partly based on how distracted they are by mobile technology while driving.

Mapfre Global Risks hires engineering insurance expert

Intelligent Insurer News - 25 January, 2018 - 09:46
The German branch of Mapfre Global Risks has poached an expert in engineering insurance from Allianz Global Corporate & Specialty.

Risk Strategies acquires Benefits Network Insurance Agency

Intelligent Insurer News - 25 January, 2018 - 09:46
Risk Strategies Company, a privately broker and risk management firm, has acquired Benefits Network Insurance Agency (BNIA), a specialist broker focused on the development of employee benefits plans.

McLarens promotes to boost growth in the Americas

Intelligent Insurer News - 25 January, 2018 - 09:46
Global loss adjusting firm McLarens has promoted Susan Froman to senior vice president, business development – The Americas.

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

Intelligent Insurer News - 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

Intelligent Insurer News - 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.

Pages

Go to top