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Agency captives can offer agents and brokers the opportunity to earn underwriting profits previously retained by the insurance carrier, and align the interests of the agent and carrier regarding risk selection, pricing and loss control. 10 August 2017
Insurance
Maiden Holdings made a loss in the second quarter of 2017 on the back of the emergence of adverse loss development in both its key operating segments. As the reinsurer’s combined ratio soared, the company’s CEO moved to stress he believed the company had addressed the issue. 9 August 2017
Insurance
Re/insurers faced natural catastrophe losses of $45 billion in 2013 – 22 percent lower than the ten-year average of $58 billion and the lowest total since 2009, according to Aon Benfield’s Impact Forecasting. 14 January 2014
News
Federated National Holding Company lowered its reinsurance spend in the second quarter of 2017; the decrease was mainly due to the expiration of a Florida-only property quota share but the company did buy additional excess-of-loss reinsurance. 8 August 2017
Insurance
Bruce Carnegie-Brown is to become the chairman of Lloyd’s following a meeting of the Council of Lloyd’s where his appointment as successor to John Nelson was approved unanimously. 20 February 2017
Insurance
London-based Barbican Insurance Group has appointed Michael McGeown as a marine liability underwriter. 5 January 2016
Insurance
Ruschlikon, the community of re/insurers and brokers, has revealed it is cooperating with the London Market target operating model (TOM). 21 April 2016
Insurance
Lancashire Holdings enjoyed a rise in profits in the first quarter of 2017 though the company’s gross written premiums shrank significantly. 4 May 2017
News
Two executives (both under 35) tipped for the top, share their insights with Intelligent Insurer on how to recruit and retain fresh talent, develop next generation skills and ensure the valuable work to create a more diverse workforce continues. 21 September 2020
Insurance
European windstorms Xaver and Dirk, which hit Europe in December, could cost insurers some €1.16 billion, according to estimates by Impact Forecasting, the catastrophe model development centre at Aon Benfield. 8 January 2014
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