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Reinsurers’ 2017 profitability declined to the lowest level since 2005, when the industry was affected by hurricanes Katrina, Rita and Wilma, Moody’s said in an April 2 report. 3 April 2018
Insurance
US property/casualty insurer Travelers Companies' chief financial officer (CFO) Jay Benet, who has held the position since 2002, is stepping down and will be succeeded by Daniel Frey. 8 August 2018
Insurance
The British Insurance Brokers’ Association (BIBA) has launched a new drone insurance scheme with specialist and corporate insurer Tokio Marine Kiln (TMK). 6 August 2018
Insurance
Citizens Property Insurance Corporation posted a net loss of $944.2 million for the period between January and September 2017. 20 November 2017
Insurance
Bermuda-based AXIS Capital has experienced lower catastrophe losses in the third quarter of 2018, improving the combined ratio in both the insurance and reinsurance segments and allowing the group to return to profit. 25 October 2018
Insurance
AM Best has upgraded the Long-Term Issuer Credit Ratings to “a+” from “a” of Bermuda-based Lancashire Insurance Company and its affiliate in the UK. 25 October 2018
Insurance
The tit-for-tat between Argo Group and activist investor Voce Capital Management rumbles on with the latter now accusing Argo’s promise to shrink the size of its board to ten from 13 as a “deception”, which there is no guarantee will be followed through. 15 May 2019
Insurance
Bermuda-based Horseshoe Group has hired two senior executives from HSBC and KPMG Bermuda respectively as senior vice presidents (SVP). 7 June 2018
Insurance
While most of the leading European insurers have by now taken action on coal, none of the nine US insurers assessed have taken any steps, according to the Unfriend Coal campaign. 3 December 2018
Insurance
Schinnerer Group, an underwriting manager of specialty insurance programmes, has rebranded as Victor Insurance Holdings. 5 June 2018
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