Articles

Insurance

JLT Re ropes in Chaucer treaty underwriter in Miami

JLT Re has appointed Ariel Hernandez as senior vice president in Miami. Hernandez joins from the Chaucer Syndicates of The Hanover Insurance Group, where he was a treaty underwriter.   5 March 2018

Insurance

AmTrust goes private as it seeks to reverse decline

A group of investors is taking AmTrust Financial Services private to create a better environment to fix the problems that have been haunting the New York-based insurer. AmTrust needs to address financial controls as well as pricing and reserve adequacy issues.   2 March 2018

Insurance

AIG, Travelers seen among potential acquirers in P&C sector

Heightening merger and acquisition (M&A) activities and rising pricing are tailwinds to P&C stocks, according to Morgan Stanley analysts.   2 March 2018

Insurance

RMS appoints new CEO, replaces co-founder Shah

Catastrophe risk modelling firm RMS has appointed Karen White as its new CEO, replacing current CEO and co-founder Hemant Shah.   2 March 2018

Insurance

US commercial P&C rates increase for the first time in three years

The average US commercial property/casualty premium rates increased for the first time in three years, according to the fourth quarter 2017 Commercial Property/Casualty Market Index Survey by the Council of Insurance Agents & Brokers.   2 March 2018

Insurance

State Farm underwriting losses widen to $6.5bn in 2017

The State Farm property/casualty (P&C) group of companies reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016.   2 March 2018

Insurance

Brown & Brown acquires Kerxton Insurance

Insurance broker Brown & Brown is acquiring Kerxton Insurance, consisting of Kerxton Insurance Agency and Fitness Underwriters.   2 March 2018

Insurance

Investors reveal $2.7bn AmTrust deal to take it private

Stone Point Capital, the Karfunkel Family, and the CEO of AmTrust Financial Services are acquiring the insurer in a transaction valued at approximately $2.7 billion.   1 March 2018

Insurance

AIG appoints global COO general insurance, new chief auditor

American International Group (AIG) has appointed Naohiro Mouri as executive vice president and chief auditor, and Donna DeMaio as global chief operating officer, general insurance.   1 March 2018

Insurance

Validus launches fintech policy to close coverage gap

Validus Specialty Underwriting Services has launched a new policy tailored for private US fintech companies.   1 March 2018

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