News

Insurance

Prior year reserve releases boost Arch Q2 results

Favourable development in prior year loss reserves have given Bermuda-based Arch Capital Group’s earnings a boost in the second quarter of 2018.   1 August 2018

Insurance

Hyperion seeks new CFO as Corbett decides to leave at year end

Intermediary Hyperion Insurance Group's chief financial officer (CFO) Oliver Corbett has decided to leave the company to pursue other opportunities.   25 July 2018

News

IAG ups cat cover as Australia’s bushfires bust allowance

Insurance Australia Group (IAG) has increased its catastrophe reinsurance cover for 2020 in response to the devastating Australian bushfires that have already prompted huge insurance loss estimates.   3 January 2020

Insurance

Revenues up at White Mountains but profits dip

White Mountains Insurance Group enjoyed a big increase in its revenues in the second quarter of 2018 mainly driven by the additional revenues of NSM Insurance HoldCo, an insurance programme administrator it acquired for $274 million, this year. But its overall profits deteriorated.   8 August 2018

Insurance

Tokio Marine invests in Allianz-backed insurtech Simplesurance

Tokio Marine Holdings has made a strategic investment in German insurtech firm Simplesurance (SISU) through its wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance.   2 October 2018

Insurance

Liberty boosts financial institutions unit with Sompo, AXIS hires

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has strengthened its London-based financial institutions (FI) team with a series of new appointments.   2 October 2018

Insurance

Arch dodges cat bullet to post solid Q3 results

Arch Capital Group enjoyed solid growth and a return to profitability in the third quarter of 2018 as it managed to avoid the catastrophe losses that have hit the results of some of its peers.   1 November 2018

Insurance

Validus Specialty unveils standalone cyber policy

Validus Specialty has launched a standalone cyber insurance product, focused on privacy and network protection coverage, to further expand its offering and meet a growing demand.   6 February 2018

Insurance

Ascot buys Greyhawk in US expansion move

Bermuda-based Ascot Group, through its subsidiary Ascot US Holding Corporation, has acquired Greyhawk Insurance Company and its subsidiary Greyhawk Specialty Insurance Company.   22 May 2018

Insurance

London market broker Bishopsgate makes new hire from RKH

London market broker Bishopsgate Insurance has appointed Chris Meredew as director UK and international liability, oil and gas and marine trades.   20 June 2018

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