Articles

Insurance

EU regulator approves Marsh-JLT merger; date set for final completion

The European Commission has approved Marsh & McLennan Companies' (MMC's) acquisition of re/insurance broker Jardine Lloyd Thompson Group (JLT), conditional on the divestment of JLT's global aerospace practice.   25 March 2019

Insurance

Campaigners could force 1,300 insurers to reveal fossil fuel deals

A petition, signed by 60 organisations, has called for more than 1,300 insurance companies that do business in California to disclose the fossil fuel projects they insure and invest in.   22 March 2019

Insurance

Allstate reveals $299m CAT losses for early 2019

US insurer Allstate Corporation has estimated catastrophe losses for January and February 2019 of $299 million, pre-tax ($236 million, after-tax).   22 March 2019

Insurance

Florida ‘still cash cow’ for insurers, say KBW analysts after Guy Carpenter Summit

Analysts from Keefe, Bruyette & Woods (KBW) said “Florida is still a cash cow for reinsurers”, with demand looking “flat to up”, while “supply looks flat”, following Guy Carpenter's (GC) 2019 Florida Summit.   21 March 2019

Insurance

R&Q’s Accredited partners with specialty MGA Pronto in California

A Randall & Quilter Florida-domiciled subsidiary has confirmed a program underwriting partnership with Pronto General Insurance Agency (Pronto).   21 March 2019

Insurance

R&Q’s Accredited secures upgrade from AM Best

Accredited Surety & Casualty Company, the Florida-headquartered US insurer owned by Randall & Quilter Investment Holdings, has had its group rating upgraded by AM Best from VII to VIII.   20 March 2019

Insurance

SCOR unveils round of promotions as Blanc and Conoscente take new roles

SCOR has made five appointments including CEO posts, as part of a senior reshuffle that will start coming into effective from 1 April 2019.   20 March 2019

Insurance

CICA elects McElhiney as chairman

The Captive Insurance Companies Association (CICA) has elected Steve McElhiney as chairman of its board of directors.   19 March 2019

Alternative Risk Transfer

Markel: ILS represents ‘strategic pillar’ despite CATCo challenges

Markel said it is “incredibly optimistic” about the future of its insurance linked securities (ILS) business despite ongoing investigations into recorded loss reserves at CATCo and its subsidiaries.   19 March 2019

Insurance

PE-backed insurer Palomar files for IPO on the Nasdaq

Fast-growing US specialty insurer Palomar Holdings has filed for an initial public offering (IPO) on the Nasdaq stock exchange. It is looking to raise $50 million from the deal.   18 March 2019

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