Articles
Insurance
US power utility firm PG&E is preparing to file for Chapter 11 bankruptcy as it faces potential liabilities resulting from the 2017 and 2018 Northern California wildfires. 14 January 2019
Insurance
US-based global insurance broker AmWINS Group is acquiring The Flood Insurance Agency (TFIA), a Florida-based managing general agency (MGA) that specialises in private market flood insurance. 14 January 2019
Insurance
ASQ Underwriting, part of Alliant Underwriting Solutions, has launched a programme to provide bespoke transactional risk insurance to broker trading partners across North America. 14 January 2019
Insurance
US-based managing general agent Zodiac Insurance Services, a subsidiary of Lloyd’s broker AFL Insurance Brokers, has launched a new directors and officers (D&O) capacity for the global small financial institutions (Small FI) market. 14 January 2019
Insurance
Lloyd’s of London should spend more time focusing on the US and less time trying to grow in fast-emerging economies, Andrew Brooks, incoming chair of the Lloyd’s Market Association, according to the Financial Times. 14 January 2019
Insurance
Munich Re-backed insurtech firm Trov is expanding its on-demand insurance offering to four additional states in the US. 14 January 2019
Insurance
Positive P&C pricing and rising investment income in the US insurance sector are expected to be offset by slower reserve releases and higher loss trends in 2019, according to Morgan Stanley analyst Kai Pan. 14 January 2019
Insurance
Bermuda-based re/insurer Arch Capital Group has estimated pre-tax losses of $110 million to $130 million related to 2018 fourth quarter catastrophic events, primarily due to Hurricane Michael and the California wildfires. 11 January 2019
Alternative Risk Transfer
Pacific Investment Management Company (PIMCO), the asset management company owned by Allianz, has recruited Rick Pagnani, the former chief executive of Everest Re’s sidecar Mt. Logan Re, as head of its ILS business. 11 January 2019
Insurance
Stonybrook Capital, the investment bank focused on the insurance industry, has strengthened its executive team with two hires, one from JLT Capital Markets, and one promotion. 11 January 2019
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