Articles
Insurance
Bermuda-based excess and surplus (E&S) lines carrier Colony Specialty, a member of Argo Group International Holdings, has appointed Jeff Canfield to serve as head of casualty. 12 September 2018
Insurance
Hurricane Florence is currently a category 4 hurricane and may intensify to a category 5 hurricane in the next 24 hours, according to data provider AIR. 12 September 2018
Insurance
The US casualty market is facing higher award levels and players are sifting through their portfolios to adapt prices to the new environment—but there is more room to go, Jason Richards, Swiss Re’s head of casualty underwriting reinsurance, told Monte Carlo Today. 12 September 2018
Insurance
Run-off specialist DARAG is eyeing expansion in the US and is also in the market to acquire a vehicle in the UK that would guarantee its access to the UK after Brexit, Tom Booth, its chief executive since July, told Monte Carlo Today. 12 September 2018
Insurance
The capabilities to underwrite floods in the US and reduce the protection gap are now available and in place, Edouard Schmid, Swiss Re’s chief underwriting officer, told Monte Carlo Today. 12 September 2018
Insurance
There is a lot of pent-up demand in the US insurance market for big carriers to place certain lines of business into run-off, which hasn’t really taken off in the same way it has in Europe, Artur Niemczewski, CEO of Pro Global, and Mory Katz, president and CEO of ProTucket, told Monte Carlo Today. 12 September 2018
Insurance
Commercial insurance prices in the US increased by nearly 3 percent year on year in the second quarter of 2018, according to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). 11 September 2018
Insurance
Argo is well-placed in the market, having built on its previous performance over the year, according to Mark Watson, president and chief executive officer. 11 September 2018
Insurance
Florence has become a category 4 hurricane on Monday, Sept. 10 as it heads towards the US coast with maximum sustained winds near 195 km/h (130mph), according to the US National Hurricane Center. 10 September 2018
Alternative Risk Transfer
A mixture of innovation and further commitment to the reinsurance market will mean more opportunities for carriers to work with Freddie Mac, the US-government sponsored enterprise (GSE) that provides liquidity to the US mortgage markets by buying mortgages from lenders, on its risk transfer programme, Gina Healy, vice president of credit risk transfer, Freddie Mac, told Monte Carlo Today. 10 September 2018
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