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Insurance
California wildfires are ‘new normal’: AM Best
California wildfires have hit the headlines, but the problem so far in 2019 is less than in previous years, and the bigger insurance companies operating in California should have adequate resources to cope, according to ratings agency AM Best.   29 October 2019
Insurance
Risk & insurance revenue tops $2 billion at Marsh
Marsh & McLellan’s third-quarter revenue topped $2.2 billion at its risk & insurance division, with strong growth at Guy Carpenter among the highlights.   29 October 2019
Insurance
Ascot appoints Patrick Kenahan as head of excess casualty in Bermuda
Ascot has appointed Patrick Kenahan as head of excess casualty in Bermuda; and Jason Pugi, Kimberley Pursell and Michael Watkins, as senior vice presidents.   29 October 2019
Insurance
Reserves charge hits CNA’s income; underlying combined ratio falls to 94.6%
Chicago-based CNA Financial Corporation reported a sharp fall in net income, but saw its combined ratio remain well under 100%.   29 October 2019
Insurance
QIC sees net profit rise but combined ratio still above 100%
Qatar Insurance Group (QIC), an insurer in Qatar and the Middle East North African (MENA) region, reported an increase in net profit for the nine months to September, but its combined ratio remained above 100 percent.   29 October 2019
Insurance
British babies have travelled 10 billion miles before first birthday: Direct Line
British babies have collectively travelled over 10 billion miles before their first birthday, reveals new research from Direct Line Travel Insurance, which stresses the need for comprehensive cover when travelling.   29 October 2019
Insurance
AmTrust International appoints Steven Moore to spearhead indemnity growth
AmTrust International has appointed Steven Moore as lead underwriter for professional indemnity within its specialty division.   29 October 2019
Insurance
Everest Re combined ratio rises to 101.4% on catastrophe losses
Everest Re Group has reported a combined ratio of 101.4% for the third quarter, up from 100% for the same period in 2018, as Hurricane Dorian and Typhoon Faxai took their toll.   29 October 2019
Insurance
Berkshire Hathaway starts up casualty and construction insurance in France
Berkshire Hathaway Specialty Insurance (BHSI) has started underwriting casualty and construction insurance in France and filled two key in-country leadership posts, naming Olivier Antiphon as head of construction and Anne-Sophie Bonifay as head of casualty.   28 October 2019
Insurance
Re/insurers await outcome as US legislators revisit TRIA
The re/insurance industry is watching developments in Capitol Hill this week, as US legislators revisit the Terrorism Risk Insurance Act (TRIA).   28 October 2019

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