News
Insurance
Gross written premiums (GWP) at Beazley shrank slightly in the first quarter as the company bemoaned a “very challenging” rating environment but there was good news on its specialty book which both grew and enjoyed rate increases. 11 May 2017
Insurance
Guy Carpenter’s Global Property Catastrophe Rate-on-Line Index, a measure of the overall premium movement against limits purchased, rose by 27.5 percent globally in the 1/1 year-end renewal, bringing it on a par with levels seen in 2006. 30 January 2023
Insurance
The executive has previously worked at Munich Re in New Jersey, and was president of Companion Life Insurance. 4 June 2020
Insurance
The carrier will take a $210 million impairment charge in connection with the run-off. 5 May 2020
Insurance
‘Pain points’ in the insurance ecosystem and the global pandemic led startup MGA Aurora to harness the power of algorithmic underwriting, says CEO Jan-Vincent Finn. 1 December 2022
Insurance
The transfer will take effect from the end of the year, ensuring continuity of cover for policyholders. 26 November 2020
Risk Management
Creating systemic strength is vital for a region regularly hit by major storms. Yokahu’s Tim McCosh says parametric insurance is a big part of the answer. 1 December 2022
Insurance
Insured losses for Hurricane Harvey are estimated at approximately $650 million pre-tax, and Irma estimated from $800 million to $950 million, according to preliminary loss estimates from Chubb. 28 September 2017
Insurance
VIG Re, the Czech Republic-based reinsurer, is opening a branch office in Frankfurt, Germany, to expand its European presence. 28 September 2017
Insurance
The insured property market loss for tropical storm Debbie, the strongest tropical cyclone in the Australian region since Cyclone Quang in 2015, has reached A$1.658 billion ($1.3 billion), according to PERILS. 28 September 2017
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