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Insurance
The State Farm property/casualty (P&C) group of companies reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016. 2 March 2018
Alternative Risk Transfer
Bermuda-based Hiscox Re Insurance Linked Strategies, the ILS asset management arm of Hiscox, has appointed Ben Fox as portfolio manager. 2 March 2018
Insurance
Insurance broker Brown & Brown is acquiring Kerxton Insurance, consisting of Kerxton Insurance Agency and Fitness Underwriters. 2 March 2018
Insurance
Stone Point Capital, the Karfunkel Family, and the CEO of AmTrust Financial Services are acquiring the insurer in a transaction valued at approximately $2.7 billion. 1 March 2018
Insurance
American International Group (AIG) has appointed Naohiro Mouri as executive vice president and chief auditor, and Donna DeMaio as global chief operating officer, general insurance. 1 March 2018
Insurance
Validus Specialty Underwriting Services has launched a new policy tailored for private US fintech companies. 1 March 2018
Insurance
Re/insurer XL Catlin has appointed Elie Hanna as head of central broker management. 1 March 2018
News
Australia’s terrorism insurance scheme administrator, Australian Reinsurance Pool Corporation, has increased the private participation in retrocession reinsurance cover at renewals for 2018. 1 March 2018
Insurance
Azur, a managing digital agent (MDA) specialising in the UK’s high net worth insurance market, has launched a new insurance product designed for car collectors. 1 March 2018
Insurance
Risk modelling and analytics firm RMS has appointed Adam Sandler as head of underwriting, cyber and model solutions. 28 February 2018
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