Articles
Insurance
Property/casualty (P&C) insurer AmTrust Financial Services has narrowed its losses from operations in the third quarter of 2018 on lower losses and expenses. 12 November 2018
Insurance
Brit’s chief financial officer (CFO) Mark Allan has been appointed new chairman of the finance committee of the Lloyd’s Market Association (LMA). Allan succeeds John Dunn, CFO of Liberty Specialty Markets (LSM), in the role. 12 November 2018
Insurance
A series of major wildfires burned across Northern and Southern California is anticipated to cause the insurance industry a multi-billion-dollar aggregated payout, according to Aon’s Impact Forecasting Cat Alert. 12 November 2018
Insurance
Maiden Reinsurance (Maiden Bermuda), a wholly-owned subsidiaries of Bermuda-based Maiden Holdings has entered a retrocession agreement with Enstar Group related to quota share reinsurance contracts with AmTrust Financial Services. 12 November 2018
Insurance
Bermuda-based reinsurer Maiden Holdings has reported a significant increase in net losses for the third quarter of 2018 as adverse prior year loss development worsened in the AmTrust reinsurance segment. 12 November 2018
Insurance
Germany-based Talanx Group increased net income to €51 million in the third quarter of 2018 from a loss of €19 million in the same period a year ago despite the “unsatisfactory performance” of the industrial lines business. 12 November 2018
Insurance
There is no point bemoaning the lack of a truly hard market, for the reality could be that the industry’s cycle has flattened out for the long term, says Gerry Tighe at Matrix Insurance & Reinsurance Brokers. 12 November 2018
Insurance
The insurer made a net profit of €1.9 billion in the third quarter, an increase of 23.6 percent compared with the same period the year before. 9 November 2018
Insurance
Africa Re made an underwriting loss in the third quarter of 2018 while its investment portfolio also suffered – but its CEO said he remains positive it can produce a good underwriting profit and a commendable investment performance for the whole of 2018. 9 November 2018
Insurance
Ticker, a new telematics insurer set to launch in early 2019, has secured the backing of reinsurer Munich Re and partnered with broker Willis Towers Watson for its Radar pricing technology. 8 November 2018
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