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Insurance
Pen Underwriting strikes new capacity deal with QBE
London-based managing general agent (MGA) Pen Underwriting has extended its strategic relationship with re/insurer QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the area of hazardous goods and environmental industries.   16 November 2017
Insurance
China deregulation will see increased interest from foreign investors
China's decision to ease restrictions on foreign ownership of financial institutions will likely pave the way for foreign insurers, fund managers and securities to invest in or compete with China's firms.   16 November 2017
Insurance
CNA appoints new chief risk officer following departure
Commercial insurance provider CNA has appointed Al Miralles to replace Mark Verheyen as its new chief risk officer (CRO).   16 November 2017
Insurance
Storm Xavier insured losses estimated at €291m: PERILS
The insured property losses caused by extratropical Cyclone Xavier is estimated at €291 million, according to the initial estimate released by the European catastrophe insurance data provider PERILS.   16 November 2017
Insurance
Compre acquires run-off portfolio from Allianz
Re/insurance legacy specialist Compre has agreed to acquire a portfolio of assumed non-life reinsurance business from Allianz Versicherungs for an undisclosed sum.   16 November 2017
Insurance
Global players face regional competition in LatAm
Global players are facing competition from regional reinsurers in Latin America, said S&P Global Ratings analyst Pedro Breviglieri.   14 November 2017
Insurance
AIG reveals new NA General Insurance and Lexington CEOs
American International Group (AIG) has appointed Lex Baugh as CEO of North America General Insurance.   8 November 2017
Insurance
Berkshire Q3 results hit by $3bn nat cat losses
Berkshire Hathaway recorded an overall net loss from insurance underwriting of $1.44 billion in the third quarter of 2017 compared to a net income of $272 in the same period a year ago.   6 November 2017
Insurance
AIG expects double-digit P&C rate increases, $500m California wildfire hit
American International Group (AIG) expects double-digit rate increases across the property market while the costs of the California wildfires are estimated at around $500 million before taxes.   6 November 2017
Insurance
Advent Claims partners with Principia Underwriting
Advent Claims, the insurtech-led claims third party administrator (TPA) signed an agreement to administer all claims for Aquila Underwriting-backed managing general agent (MGA) Principia Underwriting.   6 November 2017

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