News
Insurance
Tokio Marine HCC has appointed Frances Eaton as a senior professional indemnity and director/officers underwriter, as part of the launch of its professional indemnity operation in Manchester, UK. 13 October 2016
Insurance
Arch Capital Group has established a range of pre-tax losses of $60 million to $75 million, net of reinsurance recoveries and reinstatement premiums, the catastrophic events in the fourth quarter of 2017. These included a series of wildfires in California and a series of smaller catastrophe events occurred around the globe. 10 January 2018
Insurance
The US workers’ compensation market remains profitable for insurers, but pricing pressure on rates will inevitably erode performance, according to a report by Fitch Ratings. 30 October 2018
Insurance
The recent string of hurricanes and other events that have hit the re/insurance industry in the third quarter of 2017 have also provided it with the opportunity to step up and play its part, according to Brian Ingle, head of analytics at Willis Towers Watson (WTW). 16 October 2017
Insurance
The Lloyd’s Market Association (LMA) has urged the UK government to rethink the consequences of the ‘Vnuk’ judgement, a European Court of Justice decision that broadened the scope of compulsory motor insurance. 13 April 2017
Insurance
The Insurance Commissioner of California has called for changes in the law that will ensure improved availability of fire insurance in the aftermath of the wildfires in the state and some insurers’ reluctance to cover this risk. 5 January 2018
Insurance
Insurer Fidelis has received Prudential Regulation Authority (PRA) approval for the launch of its UK business, which will begin underwriting with immediate effect. 9 December 2015
Insurance
Industry insured losses resulting from hurricane Michael’s winds and storm surge will range from $6 billion to $10 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide. 16 October 2018
Insurance
Sompo International Holdings (SIH), a Bermuda-based specialty provider of property and casualty re/insurance, has announced a new organisational structure and the launch of a global insurance platform. 3 October 2017
Insurance
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has expanded its inland marine team with the hiring of Tom Warner, Mike Lewis and Timothy Janeway. 30 March 2017
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