News
Insurance
US insurers with a large exposure to terrorism risk could face being downgraded by AM Best if the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is not renewed – a scenario that looks difficult at best given the hyper-partisan atmosphere pervading Washington at the moment, the rating agency has warned. 13 May 2019
Insurance
Moody’s rating agency views the Lloyd's of London’s modernisation plan as “credit positive” for its proposals to cut costs and increase its digital services. But it warned that delivery of the plan was subject to a “high degree of execution risk” as it required a major overhaul of the culture and huge investment. 9 May 2019
Insurance
Azur, a managing digital agent (MDA) specialising in the UK's high net worth insurance market, has partnered with technology firm Logical Glue to implement algorithms that it said will enable better risk analysis in order to free up underwriters to focus on more complex risks and broker relationships. 9 May 2019
Insurance
US specialty insurer RLI has appointed Todd Bryant to replace Thomas Brown as the company's chief financial officer (CFO) from July. 8 May 2019
Insurance
Ryan Specialty Group (RSG) has teamed up with insurance and financial services provider Nationwide to launch a new reinsurance company based in Bermuda, Geneva Re. 7 May 2019
Insurance
The General Court of the European Union has backed the European Commission decision to approve CCR’s natural disaster reinsurance scheme based in France despite objections from French reinsurer SCOR. 7 May 2019
Insurance
The market is now well overdue a fundamental correction in pricing, something Stephen Catlin will look to capitalise on with his new venture Convex Group, unveiled yesterday (Tuesday May 1). He claims that losses in the industry have been so severe in recent years they are on the verge of destroying capital – something that should prompt a radical change. 1 May 2019
Insurance
Insurance veteran Stephen Catlin and Paul Brand have launched a new specialty re/insurer focused on complex risks with an initial capital commitment of $1.8 billion, and an "exceptional group" of underwriting experts. 30 April 2019
Insurance
US insurance sector deal value dropped in the first quarter of 2019 compared with the same three months in 2018, research from PWC revealed, despite a “surge” in the number of M&As among property and casualty companies. 25 April 2019
Insurance
Analysis of the solvency regimes in China and Japan suggests that both countries will benefit from developments that make them more transparent, a report from Moody’s has said. 25 April 2019
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