News
News
Insurance Australia Group (IAG), which buys one of the biggest catastrophe reinsurance programmes in the world, has again increased the size of its programme to buy some A$9 billion ($6.3 billion) of coverage for 2019 - A$1 billion more than the year before. 3 January 2019
Insurance
CapSpecialty, through its wholly-owned subsidiary Capitol Indemnity Corporation, has acquired the renewal rights to Rockhill Insurance Group's environmental book of business. 16 January 2018
Insurance
The US property/casualty (P&C) industry is set to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses, according to AM Best estimates. 7 February 2018
Insurance
Jardine Lloyd Thompson Group (JLT) has hired AIG's former aerospace and marine leader Joe Trotti to become the broker’s global practice head of aviation, and join its new global specialty leadership team. 7 February 2018
Insurance
Cunningham Lindsey, the global claims management and loss adjusting firm, has appointed David Seng as chief executive for its Singapore business. 8 January 2018
Insurance
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has acquired the renewal portfolio of Liberty Mutual Insurance’s US product recall and special contingency business. 1 February 2018
Insurance
Insurers have received nearly 45,000 insurance claims totalling more than $11.79 billion in losses from the wildfires that burned across the state in October and December 2017, according to insurance commissioner Dave Jones. 1 February 2018
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has signed a definitive agreement to acquire 100 percent of the equity interests of Pronto Holdco, the parent company of Pronto Insurance. 11 May 2018
Insurance
Pacific Gas & Electric Corporation and its operational subsidiary PG&E Company, the company accused of starting several of California’s record-breaking wildfires in 2017 and 2018, has filed for Chapter 11 bankruptcy protection. 30 January 2019
Insurance
WR Berkley posted positive results for 2018 despite what it called a period of elevated worldwide catastrophes, but it shrank its reinsurance unit stressing that it will “grow where it can achieve its targeted return, while de-emphasizing less attractive opportunities”. 30 January 2019
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