Articles
Insurance
Third Point Reinsurance posted a record profit for a single quarter in the first quarter of 2019 as its CEO stressed its plans to focus on higher margin business going forward. 13 May 2019
Insurance
Robert Bredahl has resigned from his position as the chief executive officer (CEO) of Bermuda-based reinsurer Third Point Re with immediate effect. He has been replaced by Daniel Malloy, currently CEO of the company's main operating subsidiary, on an interim basis. 10 May 2019
Insurance
Reinsurance broker Guy Carpenter has made a series of international leadership appointments to facilitate the integration of JLT Re and execute an effective structure to help drive profitable growth in the future. 10 May 2019
Alternative Risk Transfer
Hong Kong-based global reinsurer Peak Re has reported its sixth consecutive year of stable growth in 2018 despite what it called a “challenging environment”. 10 May 2019
Insurance
The first quarter of 2019 witnessed the highest number of insurtech investments, with 85 deals attracting a total value of $1.42 billion, according to the latest report by Willis Towers Watson. 9 May 2019
Insurance
Moody’s rating agency views the Lloyd's of London’s modernisation plan as “credit positive” for its proposals to cut costs and increase its digital services. But it warned that delivery of the plan was subject to a “high degree of execution risk” as it required a major overhaul of the culture and huge investment. 9 May 2019
Insurance
As homeowner insurers curb services in wildfire and hurricane prone areas of the US, Texas-based, Lloyd's coverholder and MGA for US insurers MarketScout said its recently launched WildCat Brush and CatRisk Wind services would “pick up the slack”. 9 May 2019
Insurance
Insurance losses of $614 million from the “record-breaking” Camp Fire, and Woolsey and Hill Fires, have pushed total claims over $12 billion as of April 2019, according to the California insurance commissioner Ricardo Lara. 9 May 2019
Insurance
Bermuda-based Everest Re Group posted growth in both its reinsurance and insurance businesses driven by solid underwriting and investment returns, according to its chief executive Dominic Addesso. 8 May 2019
Insurance
The UK’s financial sector is predicted to be in line for £100 billion increase in new business by 2030, as technological advances collide with macro-economic and behavioural shifts, PWC has said. 8 May 2019
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