Articles
Insurance
MarketScout, the electronic insurance exchange and specialty managing general agent (MGA) in the US, has launched a new MGA facility specifically designed to offer additional capacity to cover wildfire risk. 25 January 2019
News
JLT Re, the reinsurance arm of Jardine Lloyd Thompson Group, managed solid growth in 2016, partly boosted by two acquisitions, and improved profits as it overcame continued declines in pricing across most classes of business. 28 February 2017
Insurance
London-based Joint Hull Committee (JHC) has appointed Paul Newton as its new chairman, succeeding Peter Townsend, who stepped down in June. 22 August 2018
Insurance
The re/insurance industry is in a much worse position than its bosses will admit and many carriers will be cashflow negative by the end of 2019, industry veteran Stephen Catlin has warned, in an explosive interview in which he stressed that any executive running a public company could not risk highlighting this reality to investors. 10 September 2018
News
Julian Enoizi has been appointed chief executive of UK government-backed terrorism reinsurer Pool Re. Formerly the managing director of Lloyd’s insurer ProSight Specialty Underwriters, he takes over from Steve Atkins, who has decided to retire after 13 years in the position. 2 September 2013
Insurance
Shares in several insurers in Asia have slumped on the back of Typhoon Mangkhut causing devastation in Hong Kong and Southern China. 17 September 2018
Insurance
Hippo, a California-based insurtech focused on the home insurance market, has secured $100 million Series D funding to fuel expansion of its footprint in the US. 25 July 2019
Alternative Risk Transfer
Jardine Lloyd Thompson Capital Markets (JLTCM) has closed another catastrophe bond via its Market Re private placement platform. 18 June 2015
Insurance
Insured losses from the magnitude 7.0 earthquake that struck Alaska on Nov. 30, 2018 are likely to be limited by a low earthquake insurance take-up rate (about 9-12 percent for homeowners and higher for businesses) and high deductibles (10-20 percent of policy limit), according to Morgan Stanley Research. 4 December 2018
Insurance
Given some of the headlines and predictions of big rate hikes in the aftermath of the 2017 cat losses in the US, most buyers will be pleased with what remains a relatively stable environment for rates as they head to Monte Carlo, Mark O’Riordan, group reinsurance director at Ecclesiastical, told Monte Carlo Today. 9 September 2018
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