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AXIS faces $130m cat loss plus tax charge in Q4

Bermuda, Global17-01-2018Insurance news, Property cat, Reinsurance news

Bermuda-based specialty re/insurer AXIS Capital Holdings estimated the net financial impact from fourth quarter 2017 catastrophe and weather-related losses at $130 million.

Global insurance run-off market at $730bn in 2017

Global17-01-2018Insurance news, Reinsurance news

The value of the global non-life discontinued insurance business exceeded $700 billion in 2017, according to research from PwC.

Reshuffle at Aviva as Canada CEO steps down

North America, UK17-01-2018Insurance news

Insurer Aviva has appointed Colm Holmes, currently CEO of UK general insurance, as new chief executive of its Canadian business.

New UK P2P blockchain insurer raises £15m

UK17-01-2018Insurance news

InsurePal, a new peer-to-peer insurer raised £15 million ($18 million) in an Initial Coin Offering (ICO) to fund its UK motor launch in the first half of 2018.

JLT Specialty appoints casualty head North America from Marsh

North America17-01-2018Casualty, Insurance news, Specialty

JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has appointed Paul Woodward as head of North American casualty.

New regulation to keep London insurers busy in 2018

London, UK17-01-2018Insurance news, Reinsurance news

Regulatory developments dominate priorities identified for the London company insurance market in 2018 by the International Underwriting Association (IUA).

Beazley upbeat on 2017 results

London, North America, UK17-01-2018Insurance news, Specialty

Specialist Lloyd’s insurer Beazley has prepared the market for better than expected 2017 financial results.

AmWINS names new CEO following transition

North America17-01-2018Insurance news

US-based global insurance broker AmWINS Group has promoted Scott Purviance to succeed Steven DeCarlo as the company’s CEO, effective May 1, 2018.

California unveils stronger laws for wildfire claims

North America17-01-2018Insurance news, Property cat, Reinsurance news

The California insurance commissioner and legislators unveiled eight bills (six of which have already been introduced) and two additional legislative proposals designed to strengthen consumer protections for wildfire survivors.

Probitas 1492 bolsters financial lines unit with QBE hire

London, UK17-01-2018Insurance news

Lloyd's underwriting syndicate Probitas 1492 has hired Mark Smith from QBE to join its financial lines team as senior underwriter for management liability.

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