Articles

Insurance

MGA experts suggest that insurers may do without underwriters

Traditional insurers are too slow to react to trends in the sector and managing general agents (MGA’s) may be able to adapt more quickly and efficiently, offering the necessary expertise and potentially making the insurer’s underwriting capabilities become obsolete, according to a panel discussion at the 2017 Managing General Agents’ Association conference.   5 July 2017

Insurance

$403m cat losses hit Allstate in May

US personal lines insurer Allstate Corporation said June 15 that it estimates catastrophe losses for the month of May 2017 at pre-tax $403 million and $262 million after-tax, driven by a severe hail event in Colorado.   16 June 2017

News

Profits hike at GIC Re

Indian reinsurer GIC Re posted a solid set of results for the fiscal year 2014, as its profits and gross premiums jumped.   1 June 2015

Insurance

Action is needed on climate change: Mark Carney

The Bank of England governor, Mark Carney, has claimed that the need to manage mega risks is “as important as ever.”   30 September 2015

Insurance

Premia poaches DARAG Germany CEO to lead European operations

Bermuda-based reinsurance group Premia Holdings has appointed DARAG Germany CEO to lead its European operations.   7 September 2017

Insurance

JLT posts strong results despite challenges

Jardine Lloyd Thompson Group (JLT) posted strong results for 2013 but also warned that the environment in which it is operating is becoming increasingly challenging.   4 March 2014

Insurance

Everest picks Ireland for EU subsidiary; hires Aon exec as head

Bermuda-based holding company Everest Re Group has been granted in-principle approval by the Central Bank of Ireland to operate as an authorised non-life insurer in Ireland.   3 October 2017

Insurance

Fidelis Group hires Starr exec to expand marine portfolio

Louisiana-headquartered Fidelis Group Holdings (FGH) has hired Lynn Blaine to the position of assistant vice president.   14 June 2017

Insurance

Insurance for legal marijuana hindered by limited policies, finds AM Best

Marijuana insurance is a fast-growing and evolving market but many insurers remain wary of such a controversial product even where it is legalised, according to an AM Best report.   13 March 2019

Insurance

NN Group reappoints CEO Friese for another term

The supervisory board of Dutch insurer NN Group has reappointed Lard Friese as chief executive officer (CEO) for another four-year term. He will also be reinstated as the chairman of group's executive board.   15 March 2017

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