News

Insurance

Allianz improves P&C Q1 underwriting but investment results weigh

Allianz has benefited from better underwriting result in the first quarter of 2018 in property/casualty (P&C) but investment income mostly offset this improvement.   15 May 2018

Insurance

Arch CFO returns to AIG as chief actuary for general insurance

American International Group (AIG) has rehired Mark Lyons as senior vice president and chief actuary, general insurance.   15 May 2018

Insurance

US P&C net income drops 15.8% in 2017

Private US property/casualty insurers saw catastrophe losses suppressing the industry's net income after taxes to $36.1 billion in 2017, a 15.8 percent decline from a year earlier, according to Verisk unit ISO.   15 May 2018

Insurance

CBL liquidation suggested by administrator

The administrator of New Zealand-based CBLC, the ultimate parent of CBL group of Companies (CBL group), has recommended the liquidation of the re/insurance company.   15 May 2018

Insurance

Arch Capital reveals new CFO replacing Lyons

Bermuda-based Arch Capital Group (ACGL) has appointed François Morin as executive vice president and chief financial officer (CFO), reporting to president and CEO of ACGL Marc Grandisson.   15 May 2018

Insurance

RSG's SafeWaters hires US head of cargo from AXA

Ryan Specialty Group-owned SafeWaters Underwriting Managers has appointed Kevin Kempf as vice president, head of cargo, US.   15 May 2018

Insurance

Munich Re-backed cyber startup At-Bay attracts $13m investment

California-based cyber insurance start-up At-Bay has secured a $13 million Series A funding.   14 May 2018

Insurance

Castel taps independent director to support expansion and growth plans

Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has appointed Bob Cowdell as its first independent non-executive director to support its expansion and growth plans.   14 May 2018

News

Insurers bet on reinsurance in unexpected U-turn

Having given up on reinsurance in recent decades, some large insurers have had a change of heart as they seek diversification and the access to the capital markets which reinsurers have developed in recent years. Is their bet that they can handle these volatile risks—and that their shareholders will back them—a risky one? Intelligent Insurer investigates.   14 May 2018

Insurance

XL appoints new head of claims

XL Group has appointed Brent Hoffman as XL Catlin’s global head of claims, effective immediately, reporting to Paul Jardine, XL Catlin’s chief experience officer.   11 May 2018

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