Articles

Insurance

US P&C insurance CEO bonus jumps despite cat losses

Property/casualty (P&C) CEO bonus payments increased to 393 percent of salary in 2017 from 225 percent of salary in 2016, according to a study by consulting firm Compensation Advisory Partners (CAP).   20 June 2018

Insurance

Hurricane Lane hits Hawaii

Hawaii has been hit with strong winds and torrential rain as Hurricane Lane approaches the US state, causing flash flooding and landslides, according to an Aug. 24 BBC News report.   24 August 2018

Insurance

Liberty appoints new head of underwriting for global financial risks

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has promoted Andrew Beechey to the new role of head of underwriting and strategic development for global financial risks.   22 November 2017

News

Investment returns drive Third Point Re to profit in Q1

Bermuda-based property/casualty reinsurer Third Point Re has reported a profit in the first quarter of 2017 after a loss in the same period a year ago due to significant improvements in investment returns.   5 May 2017

Events

Japanese cats destroy premium

Recent natural catastrophe events including those in Japan will probably have wiped out all the reinsurance premium in the market, Matthew Wilken, deputy head of global reinsurance at Argo Group, told Baden-Baden Today.   24 October 2018

Insurance

Assured Guaranty Q1 profit jumps on acquisition, business improvement

Bermuda-based Assured Guaranty’s recorded a substantial improvement in net profit in the first quarter due to fair value gains on credit derivatives and the acquisition of MBIA UK Insurance.   5 May 2017

Insurance

Guy Carpenter restructures, reshuffles leadership post JLT deal

Reinsurance broker Guy Carpenter & Company has unveiled a new global capital solutions group and several key leadership appointments, which will become effective after the closing of the JLT acquisition by its parent Marsh & McLennan Companies (MMC).   17 January 2019

Insurance

MS Amlin partners with AI insurtech Cytora to boost underwriting

Specialty re/insurer MS Amlin has partnered with London-based insurtech start-up Cytora to deploy artificial intelligence (AI) into the commercial underwriting processes.   20 June 2018

Insurance

AmTrust taps Talbot trio to boost A&H management at Lloyd's

Property/casualty insurer AmTrust Financial Services has build a new management team to expand its accident & health (A&H) Lloyd’s offering and capabilities across its international operations.   7 March 2018

Insurance

Neon appoints pricing head from Novae

Specialist Lloyd's insurer Neon has appointed Tim Overton to the newly-created role of head of pricing.   7 December 2017

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