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Based on the initial loss estimates relating to Hurricane Harvey, primary insurers - as opposed to reinsurers - will bear the brunt of the covered losses from Hurricane Harvey, according to S&P Global Ratings. But the rating agencies also stressed that some companies will be better able to absorb the losses than others. 29 August 2017
Insurance
The UK’s Solicitors Regulation Authority (SRA) is proposing to remove the current “one-size-fits-all” rules on professional indemnity insurance (PII), enabling firms “to take out cover that better reflects the work they do.” 26 March 2018
Insurance
Swiss Re’s first half 2017 results have been impacted by lower income from the property/casualty reinsurance division as the reinsurer curbs premium and is hit by Cyclone Debbie. 4 August 2017
Insurance
Liberty Mutual enjoyed strong growth and a big increase in profits in the second quarter boosted by its acquisition of Ironshore and better investment returns. But these masked an underlying deterioration in its underwriting performance. 4 August 2017
Insurance
Worldwide economic and insured losses during the month of June were once again largely driven by several major severe weather outbreaks in the US, according to the latest Global Catastrophe Recap report by Impact Forecasting, Aon Benfield’s catastrophe model development team. 7 July 2017
Insurance
RFIB Group, a Lloyd’s re/insurance broker, has appointed Paul Leith-Smith, Giles Penfold and Will Hawkins to its newly formed south-east Asia marine cargo team. 7 November 2016
Insurance
Bermuda-based re/insurer Argo Group has appointed Dee Lehane and Al-Noor Ramji to its board of directors. 28 February 2017
Insurance
Lloyd’s insurer Advent has appointed Jonathan Gray as consultant for its direct and facultative (D&F) property division. 22 September 2016
Insurance
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has expanded its inland marine team with the hiring of Tom Warner, Mike Lewis and Timothy Janeway. 30 March 2017
Insurance
An Intelligent Insurer roundtable in London gathered a panel of experts to discuss the growth and future of the insurance-linked securities markets in Europe. They discussed the role of European investors, European risks and the potential for more domiciles. 19 October 2017
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