Articles
Alternative Risk Transfer
The spate of heavy losses in 2017 and 2018, compounded by ‘loss creep’ as some funds struggled to post accurate loss estimates, seems to have made ILS investors pause for thought, with many being much more circumspect as to where to place their money. Intelligent Insurer investigates. 13 February 2019
Insurance
Chicago-based Ryan Specialty Group (RSG) has signed a definitive agreement to acquire the assets and operations of International Specialty Insurance Services (ISI). 13 February 2019
Insurance
San Francisco-based Socotra, an insurtech startup, has raised an additional $5.2 million in funding from Mitsui Sumitomo, Nationwide and venture firm 8VC. 13 February 2019
Insurance
Bermuda reinsurer Maiden Holdings is faced with battling a class action lawsuit, which alleges that the company and some of its former officers misled investors over the nature of underwriting and risk management controls relating to reinsurance agreements with AmTrust. 12 February 2019
Insurance
Bermuda specialty re/insurer Argo Group enjoyed strong growth and better profits in 2018 by “optimising its portfolio” and growing in lines with most “profit potential” according to its CEO. 12 February 2019
Insurance
Everest Re Group’s profits dipped in 2018 as a result of high levels of catastrophe losses during the year but the company’s CEO said he was pleased to still make a profit and praised the diversification of the company’s portfolio. 12 February 2019
Insurance
Axa has seen a “striking” jump in the perception of climate change as the top emerging risk in its latest survey, said Hélène Chauveau, head of emerging risks at the company. 12 February 2019
Insurance
Commercial insurer CNA made “significant progress in 2018” despite a fourth quarter hit by catastrophe losses, said chairman and CEO of CNAFinancial Corporation Dino Robusto as the company announced its full year results. 11 February 2019
Insurance
Ryan Specialty Group (RSG), a specialty insurance services business based in Chicago, has acquired the assets and operations of Westphalen Insurance Services, an independent wholesale insurance brokerage based in Oklahoma. 11 February 2019
Insurance
Bermuda-based AXIS Capital Holdings has hired AIG's Robert “Bob” Quane as head of underwriting and portfolio optimisation. 11 February 2019
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