Articles
Insurance
Florida-based homeowners’ insurer HCI reduced reinsurance purchases in the first quarter of 2017, boosting profits while price increases caused premium drop. 5 May 2017
Insurance
QBE North America, part of Australian re/insurance group QBE, has appointed Richard Friesenhahn as head of multinational for North America to promote the company's expansion of multinational services and offerings. 7 April 2017
Insurance
The impact of insurtech on the reinsurance industry could be limited in the short term—but that does not mean that investments made now will not bear fruit in the future, Jean-Paul Conoscente, chief executive officer of P&C’s US operation and P&C’s reinsurance business unit, SCOR, told PCI Today. 28 October 2018
Insurance
Activist investor Carl Icahn filed a lawsuit against AmTrust Financial Services and the family that controls the company, accusing them of trying to take the insurer private at the wrong time and at the wrong price, according to a Reuters May 21 report. 22 May 2018
Insurance
Liberty Specialty Markets (LSM), part of the Liberty Mutual Insurance Group, has appointed Max Gibbs as its new chief technology officer. 4 May 2017
Insurance
Senior re/insurance executives are very optimistic about the personal lines business in the Middle East and North Africa (MENA) region, according to a survey. 7 March 2017
Insurance
Marsh & McLennan’s (MMC’s) reinsurance unit Guy Carpenter has seen its revenues fall by 20 percent year on year in the third quarter of 2018 to $215 million. 25 October 2018
Insurance
Specialty insurer Markel Corporation has completed the acquisition of Houston-based SureTec Financial which offers contract and commercial surety bonds across 50 states in the US. 2 May 2017
Insurance
US president Donald Trump rolled back rules regarding restrictions on government-funded building projects in flood-prone areas in a move criticised by experts. 16 August 2017
Insurance
Fairfax Financial Holdings and Allied World Assurance Company Holdings have agreed to extend the deadline by which Fairfax has the option to increase the cash consideration, and correspondingly reduce the Fixed Value Stock Consideration, under the terms of the previously announced definitive merger agreement, to March 10, 2017. 6 March 2017
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