Articles

Insurance

Hurricane Irma’s insured damage could match Katrina, halt P&C rate declines

Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note.   6 September 2017

Insurance

A quarter of M&A deals over $1bn end in a claim: AIG

The number of M&A insurance claims is increasing and large transactions are proving to be riskier with the average pay-out topping $20 million, according to a study of representation and warranty (R&W) claims by American International Group (AIG).   20 April 2017

Insurance

California wildfires to cause record losses: AM Best

Wildfire losses in California will reach record levels in 2018 after three different fires erupted in November and will force insurers to re-price and reassess their California exposures, according to AM Best estimates.   14 November 2018

Insurance

ArgoGlobal targets expansion in European MGA market

ArgoGlobal has announced that it will serve as a gold sponsor of the Managing General Agents’ Association (MGAA), as it looks to grow its MGA network particularly in SME and niche specialty sectors.   3 July 2017

Insurance

R&Q completes Cayman novation of liabilities

Randall & Quilter (R&Q), the insurance services and investment company, has completed the novation of liabilities from Cayman-domiciled Golden Rule.   24 December 2015

Insurance

QuanTemplate poaches Lloyd’s exec for account engineer role

QuanTemplate Technologies, a financial technology company formed by former reinsurance executives, has appointed Lauren Restell as account engineer.   23 February 2016

Insurance

Former Novae CFO joins AIG unit as head of reinsurance

American International Group (AIG) has appointed Charles Fry as head of reinsurance, operations and transformation, general insurance.   3 October 2017

Insurance

Hamilton lures Barbican exec into professional indemnity role

Hamilton Underwriting, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Daniel Prince as head of professional indemnity.   13 April 2016

Insurance

Argo appoints AIG exec as chief actuary

Argo Group has appointed Robert (Bob) Katzman as chief actuary, reporting to Jay Bullock, Group chief financial officer.   11 May 2016

Insurance

AIG appoints Hamilton USA CEO as boss of upcoming tech subsidiary

American International Group (AIG) has appointed Seraina Macia as executive vice president and chief executive officer (CEO) of a new planned subsidiary that aims to transform the way that AIG delivers and underwrites commercial insurance.   13 July 2017

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