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Insurance
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
Insurance
US personal lines insurer Allstate Corporation said June 15 that it estimates catastrophe losses for the month of May 2017 at pre-tax $403 million and $262 million after-tax, driven by a severe hail event in Colorado. 16 June 2017
Alternative Risk Transfer
Alternative capital rose by $8 billion to $89 billion in 2017 and is expected to grow further in 2018 after a strong first quarter, according to Aon Benfield’s April 2018 Reinsurance Market Outlook. 16 April 2018
Insurance
The looming expiration of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is a concern for insurers with significant terrorism exposures, AM Best warned. 16 April 2018
Insurance
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
Louisiana-headquartered Fidelis Group Holdings (FGH) has hired Lynn Blaine to the position of assistant vice president. 14 June 2017
Insurance
Specialist insurer Hiscox has appointed Eric Micheals as chief underwriting officer in the US. He replaces Nicole Goodwin, who is retiring. 10 January 2018
Insurance
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
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
Moody’s Investors Service has warned that the Ogden discount rate of minus 0.25 percent, revealed today by the UK’s Lord Chancellor, will mean a “one-off hit to earnings” for reinsurers that have been working to expectations of a new rate between zero and 1 percent. 15 July 2019
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