News

News

Munich Re reclaims top spot in AM Best ranking

Munich Re reclaimed the No. 1 position from Swiss Re in AM Best’s 2018 annual ranking of the Top 50 Global Reinsurance groups.   5 September 2018

Insurance

Delta Lloyd CFO departs to join ABN Amro

Dutch insurer Delta Lloyd has announced that its chief financial officer (CFO) Clifford Abrahams is leaving the company to join ABN Amro Group.   16 May 2017

Insurance

Starr Companies hires duo to spearhead expansion

Insurance firm Starr Companies has appointed Danielle Wilson as head of management liability, and Robert McTaggart as head of professional indemnity.   16 May 2017

Insurance

Flawed insurance products cost N Brown Group £40m

N Brown Group, a British home shopping retailer, said on July 13 that it identified "flaws" in certain general insurance products which were provided by a third party insurance underwriter and sold by the group to its customers between 2006 and 2014.   13 July 2017

Insurance

Fidelis Group hires Starr exec to expand marine portfolio

Louisiana-headquartered Fidelis Group Holdings (FGH) has hired Lynn Blaine to the position of assistant vice president.   14 June 2017

Insurance

AXIS Capital snaps up Novae for $604m

AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017.   6 July 2017

Insurance

Extra-tropical cyclone Egon losses reach €234m

The insured property losses caused by extra-tropical cyclone Egon have reached €234 million in a revised estimate by PERILS, the Zurich-based catastrophe insurance data provider.   12 April 2017

Insurance

State Farm underwriting losses widen to $6.5bn in 2017

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

Insurance

Lockton names new president of Houston P&C operation

Insurance broker Lockton has named Jeff Henningsen as president of its Houston property and casualty insurance operation.   9 June 2017

Insurance

Lloyd’s Canopius syndicate 4444 gets downgraded

Syndicate Research (SRL) has downgraded the B+^ (Above Average) Continuity Opinion of Lloyd's syndicate 4444 (Canopius Managing Agents) to B^ (Average).   17 April 2018

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