News
Insurance
London-based insurtech Kinsu, which provided insurance for laptop, phones, bicycles, and other home contents, has announced that it is exiting the market "after an awesome year of fundraising". 29 March 2019
Insurance
The US re/insurance market is grappling with many complex challenges at the moment but consolidation and insurtech are the biggest, Alan Levin, vice chair at law firm Locke Lord, told PCI Today. 30 October 2018
Alternative Risk Transfer
Bermuda-based RenaissanceRe Holdings and Dutch pension fund manager PGGM are launching a new property catastrophe reinsurer called Vermeer Reinsurance to provide capacity focused on risk remote layers in the US property catastrophe market. 18 December 2018
News
In its 2019 outlook, Munich Re has unveiled a group profit target of around €2.5bn, saying the reinsurer is “on track” to achieve this. 20 March 2019
Insurance
Specialist insurer Hiscox is withdrawing from aviation hull and liability underwriting due to market conditions pressuring rates. 21 February 2018
Insurance
Africa Re has increased the underwriting loss to $24.1 million in the first half of 2018 from $18.8 million in the same period of 2017. 4 September 2018
Insurance
Florida-based Universal Insurance Holdings is passing the expected $300-350 million gross losses and loss adjustment expenses from hurricane Michael almost entirely to its reinsurance panel. 25 October 2018
Insurance
Property/casualty insurer Chubb has named Keith Higdon as president of ESIS, the company's risk management solutions division, and Joe Vasquez as new head of global accident and health insurance business. 25 October 2018
Insurance
US personal lines insurer Allstate Corporation has estimated catastrophe losses for the month of November 2018 at $685 million, pre-tax ($541 million, after-tax), driven by the Camp and Woolsey fires in California. 13 December 2018
Insurance
The second quarter of 2019 was about "growth and pricing" for Chubb chief executive officer Evan Greenberg, who noted that the company benefited from an improved pricing and underwriting environment. 25 July 2019
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