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Insurance
ProAssurance’s consolidated combined ratio for Q3 is 103.6 percent, a two-percentage point increase quarter-over-quarter. The company said this was primarily due to changes in the mix of premiums earned and a lower amount of prior accident year favourable development due to its perception of loss trends in the healthcare professional liability market. 7 November 2019
Insurance
Ron Lockton to become chairman as David Lockton transitions to new focus 7 November 2019
Insurance
‘A re/insurer needs to understand how dependent the company is on the network.’ 6 November 2019
Insurance
Insurers are facing more costly claims in aviation for collisions, groundings and aircraft repairs, even though there have been fewer fatal accidents. 5 November 2019
Insurance
Atradius N.V has appointed David Capdevila as its new CEO, to take effect from January 1, 2020. 5 November 2019
Insurance
Oxbridge Re has reported a net loss in its third quarter 2019 results, although Jay Madhu, president and chief executive officer, praised the reinsurer’s “conservative risk management underwriting focus” for helping the company “remain unaffected by the devastation” caused by Hurricane Dorian, Typhoon Hagibis and the recent California wildfires. 5 November 2019
Insurance
Independent specialist re/insurance broker BMS Group has appointed Jeff Irvan as chief property officer, US reinsurance, reporting to BMS US reinsurance president Pete Chandler. The appointment is effective immediately. 5 November 2019
Insurance
MGA Nexus Group has launched Nexus Specialty Inc. in the US as a rebrand of Equinox Global Inc. as it looks to build the operation both through acquisition and organically to become a leading specialty MGA in the territory. 4 November 2019
Insurance
Industry veteran Steve Assennata has joined IAT Insurance Group, a provider of specialty property and casualty products, as chief underwriting officer (CUO) of its programs unit. 4 November 2019
Insurance
Net income for US Mortgage insurer Radian is $173.4 million in Q3 2019 compared to net income for the quarter ended September 30, 2018 of $142.8 million. 4 November 2019
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