Articles
Insurance
Italian insurer Assicurazioni Generali has launched a new asset management company headquartered in New York City that it claims will have a "disruptive revenue model". 21 September 2018
Insurance
Hurricane Florence will likely be an earnings event for the private insurance industry but the National Flood Insurance Program (NFIP) could be hit with heavy losses, potentially resulting in claims for its reinsurers for the second year in a row and its first cat bond being triggered, according to Fitch Ratings. 21 September 2018
Insurance
Lemonade CEO and co-founder Daniel Schreiber believes that the insurer has “turned a corner” as the loss ratio is improving. 20 September 2018
Insurance
StarStone CEO Demian Smith has stepped down from his position directly after StarStone’s parent company, Bermuda-based run-off specialist Enstar, revealed that it is no longer selling the specialty carrier. 20 September 2018
Insurance
Primary insurers (including auto insurers) are expected to bear most of the losses from hurricane Florence, according to Keefe, Bruyette & Woods (KBW) analysts. 20 September 2018
Insurance
The Mendocino Complex Fire, the largest wildfire in California's history, is now 100 percent contained, according to an official statement by California’s insurance commissioner Dave Jones. 20 September 2018
Insurance
Bermuda-based run-off specialist Enstar Group is no longer pursuing the sale of its active underwriting businesses, Atrium and StarStone. 19 September 2018
Insurance
Industry insured losses resulting from Hurricane Florence’s winds and storm surge will be between $1.7 billion and $4.6 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide. 19 September 2018
Insurance
Independent Lloyd’s broker AFL Insurance Brokers has acquired a majority stake in New Jersey-based Zodiac Insurance Services as it expands into the managing general agent (MGA) space. 19 September 2018
Insurance
Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) has revealed two new legacy deals including a US-based subsidiary of AXA Group. 19 September 2018
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