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Insurance
Miller hires former Aon exec for UK sports and entertainment team
Re/insurance broker Miller has appointed Jim Rainford in a business production role to further strengthen its sports and entertainment offering in the London insurance market.   20 June 2017
Insurance
AXIS Capital snaps up Novae for $604m
AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017.   6 July 2017
Insurance
$403m cat losses hit Allstate in May
US personal lines insurer Allstate Corporation said June 15 that it estimates catastrophe losses for the month of May 2017 at pre-tax $403 million and $262 million after-tax, driven by a severe hail event in Colorado.   16 June 2017
Insurance
Flawed insurance products cost N Brown Group £40m
N Brown Group, a British home shopping retailer, said on July 13 that it identified "flaws" in certain general insurance products which were provided by a third party insurance underwriter and sold by the group to its customers between 2006 and 2014.   13 July 2017
Insurance
Delta Lloyd CFO departs to join ABN Amro
Dutch insurer Delta Lloyd has announced that its chief financial officer (CFO) Clifford Abrahams is leaving the company to join ABN Amro Group.   16 May 2017
Insurance
Starr Companies hires duo to spearhead expansion
Insurance firm Starr Companies has appointed Danielle Wilson as head of management liability, and Robert McTaggart as head of professional indemnity.   16 May 2017
Insurance
Fidelis Group hires Starr exec to expand marine portfolio
Louisiana-headquartered Fidelis Group Holdings (FGH) has hired Lynn Blaine to the position of assistant vice president.   14 June 2017
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
Lloyd’s Canopius syndicate 4444 gets downgraded
Syndicate Research (SRL) has downgraded the B+^ (Above Average) Continuity Opinion of Lloyd's syndicate 4444 (Canopius Managing Agents) to B^ (Average).   17 April 2018
Alternative Risk Transfer
Alternative capital set for further growth in 2018
Alternative capital rose by $8 billion to $89 billion in 2017 and is expected to grow further in 2018 after a strong first quarter, according to Aon Benfield’s April 2018 Reinsurance Market Outlook.   16 April 2018

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