News
Insurance
Profits and gross written premiums dipped at Lancashire Holdings in the second quarter of 2018. But the company said it has taken advantage of rate increases and remained positive as its chief executive suggested more wind losses this year could begin to dampen appetites in the market, reducing capacity. 26 July 2018
Insurance
Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note. 6 September 2017
Insurance
The risk transfer industry in London including Inga Beale, the chief executive of Lloyd’s, has welcomed new regulations detailed by the UK government designed to ensure the UK captures a share of the market. 21 July 2017
Insurance
Specialty managing general agent (MGA) Nexus Group has opened a new office in Cork following the establishment of a branch in Ireland, headed by Stephen Comerford, in July 2016. 21 July 2017
Awards
Two strong reinsurers, Catlin Re and XL Re, battled it out for first place of best reinsurer for innovation with a GWP of less than $2 billion. Catlin slipped in just ahead with a score of 7.17 out of 10, a minimal difference from XL Re’s score of 7.16. 14 September 2014
Insurance
Viva Republica, a South Korean fintech startup that developed financial services app Toss, has secured a $40 million round of funding from Singapore-based investment firm GIC and Sequoia China. 19 June 2018
Insurance
Speakers at the International Insurance Society’s annual event gave what amounted to a damning indictment of plans by the International Association of Insurance Supervisors (IAIS) to class some reinsurers as being systemically important to the global economy. 25 June 2014
Insurance
Bermuda-headquartered re/insurance company Sirius International has acquired US-based healthcare specialist ArmadaCorp Capital to boost its accident and health (A&H) insurance business. 4 April 2017
Awards
Accountancy and advisory firm KPMG was recognised as the best firm for advisory services by our respondents, achieving a survey score of 6.96, closely followed by Deloitte on 6.93. 14 September 2014
Insurance
The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by Category 4 severe tropical Cyclone Debbie, which made landfall today (March 28) in Queensland, Australia. 28 March 2017
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