News
Alternative Risk Transfer
There is an oversupply of capacity in the Asia-Pacific region, which is driven in part by the success of Singapore as a regional reinsurance hub, according to Nick Orton, senior international treaty underwriter at Hiscox Re & ILS. 29 October 2018
Insurance
A recovery of the US excess and surplus (E&S) lines insurance market is benefitting US property & casualty (P/C) insurance companies, according to a Fitch Ratings report. 14 September 2018
Awards
The title for best reinsurer based on ability to pay claims with GWP of more than $2 billion was highly contested, with the world’s largest reinsurer, Munich Re, claiming the top spot with 7.38 out of 10. 14 September 2014
Insurance
Broker Gallagher has bolstered its Manchester-based team with two experienced specialists from Marsh to build out its footprint in the north of the UK. 26 July 2018
Insurance
Bermuda-based Fidelis Insurance Holdings has revealed plans to establish a re/insurer in Ireland, which it said will allow it to take advantage of opportunities in the European Economic Area. 23 October 2018
Insurance
The growth in the use of insurance for mergers and acquisitions (M&A) has created greater opportunity and cost-savings for all stakeholders. According to Aon’s M&A and Transaction Solutions: Risk in Review report released ahead of Baden-Baden, M&A insurance has changed the way deal professionals distribute risk and how insurers view the risk. 22 October 2018
Insurance
ProAssurance’s consolidated combined ratio for Q3 is 103.6 percent, a two-percentage point increase quarter-over-quarter. The company said this was primarily due to changes in the mix of premiums earned and a lower amount of prior accident year favourable development due to its perception of loss trends in the healthcare professional liability market. 7 November 2019
Insurance
Lloyd’s Acappella Syndicate 2014 has appointed Louise Bessant as divisional head of its war, terrorism and political violence insurance portfolio. 9 October 2017
Insurance
Bermuda-based Partner Re has reported aggregate losses from hurricanes Harvey, Irma and Maria (HIM) and the California wildfires at $569 million, net of retrocession and reinstatement premiums. 22 February 2018
Insurance
Ryan Specialty Group (RSG) has reached a definitive agreement to acquire the assets and operations of New Jersey-based specialty intermediary New Day Underwriting Managers. 22 February 2018
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