Articles

Insurance

Florida ‘still cash cow’ for insurers, say KBW analysts after Guy Carpenter Summit

Analysts from Keefe, Bruyette & Woods (KBW) said “Florida is still a cash cow for reinsurers”, with demand looking “flat to up”, while “supply looks flat”, following Guy Carpenter's (GC) 2019 Florida Summit.   21 March 2019

Insurance

LMA calls for sexual harassment in insurance to be hit ‘head on’

Reports of a “deep-seated culture of sexual harassment” in the insurance market have prompted the LMA to say the problem must be hit “head on”.   21 March 2019

Insurance

R&Q’s Accredited partners with specialty MGA Pronto in California

A Randall & Quilter Florida-domiciled subsidiary has confirmed a program underwriting partnership with Pronto General Insurance Agency (Pronto).   21 March 2019

Insurance

Alesco and Africa Re seek $3.5bn Lloyd’s capacity for Equatorial Guinea upstream energy risk

Broker Alesco Risk Management Services and Africa Re have launched a $3.5 billion reinsurance facility designed to cover all international upstream energy insurance programmes written from Equatorial Guinea.   20 March 2019

Insurance

Chaucer appoints China Re P&C exec Dr Zuo Huiqiang as new non exec

Specialty re/insurer Chaucer has appointed Dr Zuo Huiqiang, the deputy general manager of China Re P&C, as a non-executive director of Chaucer Syndicates, the group’s Lloyd’s managing agency.   20 March 2019

Insurance

Arch Insurance invests in UK insurtech MGA Archipelago Risk Services

Arch Insurance International has invested in Archipelago Risk Services (Archipelago), a personal lines managing general agency backed with underwriting capacity from Arch Insurance (UK).   20 March 2019

Insurance

R&Q’s Accredited secures upgrade from AM Best

Accredited Surety & Casualty Company, the Florida-headquartered US insurer owned by Randall & Quilter Investment Holdings, has had its group rating upgraded by AM Best from VII to VIII.   20 March 2019

Insurance

Loss estimate for December 2018 Sydney hailstorms lowered: PERILS

The December 2018 Sydney hailstorms will cost the industry some A$633 million, according to PERILS in its second loss estimate for the catastrophe.   20 March 2019

News

Munich Re unveils ‘ambitious’ group profit target of €2.5bn for 2019

In its 2019 outlook, Munich Re has unveiled a group profit target of around €2.5bn, saying the reinsurer is “on track” to achieve this.   20 March 2019

Insurance

SCOR unveils round of promotions as Blanc and Conoscente take new roles

SCOR has made five appointments including CEO posts, as part of a senior reshuffle that will start coming into effective from 1 April 2019.   20 March 2019

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