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Insurance
Five separate storm systems spawned severe thunderstorms across the US in April leading to $2.3 billion in economic damage across the country, according to Aon’s latest Global Catastrophe Recap report. 9 May 2018
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Reinsurers will be more “thoughtful” and “selective” in the deployment of their capacity at this renewal as they take stock of the heavy losses, and subsequent loss creep from 2017 and 2018 and realign their portfolios. However, cedants that have performed well should escape any severe adjustments. 8 September 2019
Insurance
Qatar Insurance Company (QIC), which earlier last year secured access to Lloyd’s through the acquisition of Antares, posted a solid set of results in the first quarter of 2015 despite a fall in profits. 24 April 2015
Insurance
American International Group (AIG) has created a position of chief sustainability officer to lead the development and implementation of a company-wide sustainability strategy. 25 July 2019
Insurance
Specialty insurer Tokio Marine HCC's crop insurance unit Producers Ag Insurance Group (ProAg) has signed an agreement to acquire Leawood, Kansas-based crop insurance managing general agent (MGA) AmTrust Agriculture Insurance Services (AmTrust Ag). 23 April 2019
Insurance
Re/insurer MS Amlin's chief financial officer (CFO) John Worth is stepping down from his role to join Hastings Group, a UK-based insurance provider. 14 January 2019
Insurance
AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating to “a+” from “aa” of HDI Global Specialty SE (Germany). 14 January 2019
Insurance
P&C re/insurers face higher year on year catastrophe losses in the fourth quarter of 2018 results reflecting hurricane Michael, California wildfires, and some smaller events, but overall losses should be manageable, according to Keefe, Bruyette & Woods (KBW) analysts. 14 January 2019
Insurance
Czech Republic-based reinsurer VIG Re has hired Patrick Chevrel to lead its Western Europe business unit. 16 October 2017
Insurance
Reinsurance broker TigerRisk Partners has appointed Megan Stewart Hodge as a partner and head of client strategy, based in Chicago. 16 October 2017
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