Articles

Insurance

Beazley’s Horton praises US growth to balance earnings drop

Beazley CEO highlights growth in US business and rise in gross premiums written in 2018 results despite depressed earnings as challenging market conditions take their toll.   7 February 2019

Insurance

Aspen Q4 2018 results hit by natural catastrophe losses

Catastrophe losses drove a net loss of $147 million at Bermuda-based Aspen Insurance Holdings, which is to be acquired by alternative investment manager Apollo in a $2.6 billion deal signed in August 2018.   7 February 2019

Insurance

Rates force Beazley to shrink reinsurance unit in first nine months

Beazley enjoyed strong growth overall in the first nine months of 2017 but its reinsurance division shrank as the company reduced it because of continued rate decreases – a trend it expects to reverse on cat business, at least, because of the recent heavy losses in North America.   9 November 2017

Insurance

IAG considers options for Asia operations

Insurance Australia Group (IAG) is reviewing its Asian operations after running out of buying opportunities, according to a Reuters Feb. 14 report.   14 February 2018

Insurance

Argo renews Harambee Re deal

Specialty re/insurance underwriter Argo Group has renewed the coopertion with Harambee Re as Argo’s sidecar reinsurer for 2018.   15 January 2018

Insurance

Barbican hires Standard Syndicate exec for financial lines unit

Barbican Insurance Group has bolstered its financial lines division with the addition of a class underwriter for directors & officers (D&O) liability insurance, joining the business from Standard Syndicate 1884.   13 March 2018

Insurance

LIIBA warns members over no-deal Brexit

The London Insurance and International Brokers Association (LIIBA) is calling for its members to prepare for the possibility that the UK will leave the EU without a trade deal.   25 July 2018

Insurance

Tower Insurance capital raise, reinsurance deal reassure AM Best

AM Best has removed New Zealand’s Tower Insurance from under review with negative implications after a capital raise and a settlement agreement with Peak Re.   12 March 2018

Insurance

Howden expands in Africa through partnership with Tanzanian broker

Howden, the retail broking arm of Hyperion Insurance Group, has entered into a strategic partnership with one of Tanzania’s oldest insurance brokers BR Puri & Company by establishing a newly formed local entity, Howden Puri Insurance Brokers.   25 July 2018

Alternative Risk Transfer

Re/insurers brace themselves for $20bn hit from Florence

The re/insurance industry should brace itself for losses of between $15 billion and $20 billion, according to the guidance of risk modelling agencies and analysts.   13 September 2018

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