News

Insurance

US cyber premiums double in four years but growth ‘slowing’: AM Best

US cyber insurers have seen written premiums more than double in four years from $996 million in 2015 to $2 billion in 2018, a report from ratings agency AM Best has shown.   21 June 2019

Insurance

WR Berkley CEO concerned about reinsurance, bullish on casualty

The casualty business is “the sweet spot today,” WR Berkley CEO Robert Berkley said during the re/insurer’s second quarter 2018 earnings call, while noting that the reinsurance business is dragging.   25 July 2018

Insurance

Tokio Marine hires Chubb surety head in Europe

Specialty insurance group Tokio Marine HCC has appointed Luc Reuter as head of surety for Continental Europe as it further expands its international surety capabilities.   24 July 2018

News

Swiss Re hit by $1bn cat losses in Q4

Swiss Re has estimated its preliminary combined claims burden from recent natural catastrophes booked in the fourth quarter of 2018 at approximately $1.0 billion, net of retrocession and before tax, mainly affecting the reinsurance operations.   15 January 2019

Insurance

Retail focus stabilizes Hiscox

Specialist insurer Hiscox has grown its retail business, helping to stabilize its 2017 results.   26 February 2018

Insurance

Berkshire raises liability estimate on AIG reinsurance deal

Berkshire Hathaway has increased the estimated claim liabilities under a major reinsurance contract with American International Group (AIG) by approximately $1.8 billion.   26 February 2018

News

SCOR reshuffles management in P&C reorganisation move

As part of a reorganisation of its Global P&C operations, SCOR has revealed a number of key appointments.   5 September 2018

Insurance

Lockton launches capital markets unit

Broker Lockton has launched a new investment banking and capital markets operation in New York and has appointed Vishal Jhaveri as its CEO.   5 September 2018

Insurance

Fitch downgrades Cigna on $24bn debt raise for Express Scripts acquisition

Fitch Ratings has downgraded the Insurer Financial Strength (IFS) ratings of US health insurer Cigna Corporation’s operating subsidiaries to 'A' (Strong) from 'A+'.   5 September 2018

Insurance

Kenya Re downgraded on enterprise risk management concerns

AM Best has downgraded Kenya Reinsurance Corporation due to concerns over the effectiveness of its enterprise risk management (ERM) in the face of expected business growth and increasingly sophisticated competition.   21 February 2018

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