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Insurance
Bermuda-based Aspen expects to record an underwriting loss of approximately $245 million in the fourth quarter of 2017, according to a Jan. 25 press release.   26 January 2018
Insurers bet on reinsurance in unexpected U-turn
News
Having given up on reinsurance in recent decades, some large insurers have had a change of heart as they seek diversification and the access to the capital markets which reinsurers have developed in recent years. Is their bet that they can handle these volatile risks—and that their shareholders will back them—a risky one? Intelligent Insurer investigates.   14 May 2018
Pioneer appoints new CEO from XL Catlin; chairman Taylor steps down
Insurance
Pioneer Underwriters has appointed XL Catlin's Andrew McMellin as its new chief executive officer (CEO), and elevated current CEO Dane Douetil to chairman of the business.   25 September 2018
Insurance
Pacific Gas & Electric Corporation and its operational subsidiary PG&E Company, the company accused of starting several of California’s record-breaking wildfires in 2017 and 2018, has filed for Chapter 11 bankruptcy protection.   30 January 2019
Insurance
WR Berkley posted positive results for 2018 despite what it called a period of elevated worldwide catastrophes, but it shrank its reinsurance unit stressing that it will “grow where it can achieve its targeted return, while de-emphasizing less attractive opportunities”.   30 January 2019
Insurance
The use of robotic process automation (RPA) has the potential to become a greater disruptor to the industry than blockchain, the application of which in reinsurance will be limited, Artur Niemczewski, CEO of Pro Global, told Baden-Baden Today.   25 October 2017
Insurance
Bermuda-based Qatar Re is set to seize the moment to increase its exposure to the US as rates there recover following the nat cat losses in the third quarter, Luke Roden, chief underwriting officer, short tail classes and head of ceded re, told Baden-Baden Today.   25 October 2017
Insurance
Investors fear that a major hurricane hitting Miami area could lead to around $100 billion or higher industry losses, analysts wrote in a Sept. 6 Morgan Stanley research note.   7 September 2017
Insurance
Markel International is set to acquire UK-based specialist insurer for the contracting sector EC Insurance (ECIC).   7 September 2017
Insurance
Berkshire Hathaway’s recent arrangement with Aon, whereby it takes a 7.5 percent quota share on all retail subscription business with some Lloyd’s participation, has caused controversy in the industry. Intelligent Insurer asked a range of industry figures: “Do you believe it represents an innovative blueprint of things to come in the industry, or a potential threat to underwriting expertise?”   1 September 2013

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