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Insurance
Bermuda-based Arch Capital's growth in the first quarter of 2018 was driven by its reinsurance segment and specifically growth in international motor contracts. 2 May 2018
Insurance
The current rate increases in the insurance sector are justified, the Arthur J Gallagher CEO J Patrick Gallagher, Jr., said during the broker’s first quarter 2018 results conference call. 2 May 2018
Insurance
Bermuda-based Validus Holdings reported a net loss of $4.1 million for the first quarter of 2018 after a net income of $94.6 million in the same period of 2017. 2 May 2018
Insurance
Bermuda-based RenaissanceRe CEO Kevin O'Donnell described the recent renewals as “successful,” while profits fell in the first quarter of 2018 despite improvements on the underwriting side. 2 May 2018
Insurance
Scott Purviance has succeeded Steven DeCarlo as the company’s AmWINS Group CEO on May 1, a move that is followed by a number of management changes. 2 May 2018
Insurance
Specialist insurer Beazley and Lloyd’s coverholder Risk Cooperative have partnered with blockchain technology company Bitfury to build the first blockchain-based system for crisis insurance and risk management. 2 May 2018
Insurance
The Florida Office of Insurance Regulation has approved a rate decrease for workers’ compensation insurance in Florida. 2 May 2018
Insurance
Commercial insurer CNA is succeeding in pushing up rates in most lines apart from workers’ compensation, CEO Dino Robusto said during the insurer’s first quarter 2018 results conference call. 1 May 2018
Insurance
US-based Global Marine Insurance Agency (GMIA) a specialty marine brokerage and program administrator, which is part of Specialty Program Group, has expanded its team by almost 20 through its acquisition of Norman-Spencer Marine. 1 May 2018
Insurance
American International Group is not expected to report large reserve charges when it posts 2018 first quarter results on May 2 despite a differing liability assessment with Berkshire Hathaway, according to Morgan Stanley analysts. 1 May 2018
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