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Insurance
Arch expects up to $75m cat loss in Q3 2019 from Hurricane Dorian and Typhoon Faxai
Bermuda-based re/insurer Arch Capital Group is expecting approximately $65 to $75 million (pre-tax) losses related to 2019 third quarter catastrophic events.   8 October 2019
Insurance
Financial Conduct Authority crackdown could hit profits for UK motor and home insurers, finds Fitch
Fitch Ratings has warned that UK motor and home insurers could see a drop in profits next year as the regulator, the Financial Conduct Authority (FCA), moves to end high prices for customers who do not shop around for a better deal.   8 October 2019
Insurance
The Hanover enhances cyber coverage to tackle complex exposures
The Hanover Insurance Group has launched a new stand-alone, non-admitted cyber offering for commercial lines agents and their clients.   8 October 2019
Insurance
MGA Hive Aero appoints aviation analyst
Hive Aero, a managing general agency (MGA) specialising in aviation hull war insurance, has hired Mark Shurville as aviation analyst.   8 October 2019
Insurance
Aston Lark makes key hire to drive future growth strategy under Goldman Sachs
UK insurance broker Aston Lark has appointed Andrew Scola to its executive leadership team in the newly created role of group chief technology and operating officer.   8 October 2019
Insurance
Low interest rates bigger worry for insurers than no-deal Brexit: S&P
Prolonged lower interest are rates a bigger worry than Brexit for insurers.   8 October 2019
Insurance
US life insurers strong but wave of credit downgrades could be a worry: Moody’s
US life insurers are financially robust, but a large number of credit downgrades could reduce their capital strength.   7 October 2019
Insurance
Insurtech Gradient AI secures $6m Series A funding from MassMutual, Forte and Sandbox
Gradient AI, an artificial intelligence solutions provider in the insurance technology space, has raised $6 million in a Series A financing led by Forte Ventures and Sandbox Insurtech Ventures. The round also includes participation from Gradient’s existing investor MassMutual Ventures.   7 October 2019
Insurance
HDI Global Specialty bolsters London team with senior Swiss Re, AmTrust hires
HDI Global Specialty SE, a joint venture of Hannover Re and HDI Global SE, has strengthened its London contingency team with two new senior underwriting hires.   7 October 2019
Insurance
6m customers overpaying for insurance – Financial Conduct Authority
Some six million customers are overpaying for their insurance, according to the UK’s watchdog, the Financial Conduct Authority (FCA), which has proposed tough new measures to address the issue.   4 October 2019

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