Articles

Insurance

Reinsurance covers bulk of Mercury General California wildfire loss

US-based multiple-line insurer Mercury General Corporation will pass on most of the expected $253 million losses from the Camp and Woolsey wildfires in California to reinsurers.   28 November 2018

Insurance

German insurance start-up Coya raises $30m

Germany-based insurance start-up Coya has secured nearly $30 million from investors led by Valar Ventures and e.ventures.   7 June 2018

Insurance

Beale was trolled as she took the helm at Lloyd’s: report

Outgoing Lloyd’s CEO Inga Beale has received sexist and homophobic abuse when she became the first female CEO of Lloyd’s of London, according to The Times.   8 October 2018

Insurance

CNA Hardy exits Lloyd’s property treaty/marine hull; senior duo departs

Specialist commercial insurer CNA Hardy has confirmed its plan to exit property treaty, marine hull and construction/erection all risks (CAR/EAR) business on the Lloyd’s platform.   8 October 2018

Insurance

Puerto Rico poised for “significant growth” as captive domicile

Increasing premium limits, reporting requirements, ownership restrictions, and increased scrutiny from the Internal Revenue Service (IRS) has made prospective captive owners more cautious about forming 831(b) captives.   8 August 2017

Insurance

AXA XL homes in on government de-risking opportunities

Helping governments move risk off their books can provide the risk transfer industry with a big opportunity for growth—but a collaborative approach is required, Charles Cooper, chief executive of reinsurance at AXA XL, told Monte Carlo Today.   11 September 2019

Insurance

Lloyd’s CFO proposes curtailing broker commission

Lloyd’s chief financial officer has mooted the idea that brokers should reduce the commission they make on business placed in the market as a way of reducing the overall cost of using Lloyd’s.   26 January 2018

Insurance

Axis Capital sees mounting rate rises for renewals as market hardening continues

‘No COVID-19 impact on Q2 underwriting results’ but pandemic has hit investment income, firm reports.   3 August 2020

Insurance

Swiss Re appoints UK/Ireland corporate solutions head from Zurich

Swiss Re’s unit corporate solutions has appointed Jake Algar as head UK & Ireland, effective May 1, 2018 as the company expand the business.   1 May 2018

Insurance

Ironshore deal will boost Liberty Mutual in strategic markets, say rating agencies

The rating agencies have started to react to the news that Liberty Mutual will acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer.   6 December 2016

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