News

Insurance

Merced P&C downgraded to ‘F’ after California wildfire hit

AM Best has changed the Financial Strength Rating (FSR) to a Non-Rating Designation of F (In Liquidation) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “f” from “a-” of California-based Merced Property & Casualty Company.   4 December 2018

Insurance

JLT posts strong results; remains cautious

Re/insurance broker Jardine Lloyd Thompson has posted a strong set of results for the first six months of 2014, but remains cautious on the outlook of the rest of the year.   29 July 2014

Insurance

JLT unit Thistle conducts hiring spree

Thistle Insurance Services, part of Jardine Lloyd Thompson Group (JLT), has lured a number of executives from Towergate.   27 November 2014

Insurance

PartnerRe’s non-life unit drives solid growth; investments boost profits in Q1 2019 results

PartnerRe enjoyed solid growth and a big increase in profits in the first quarter of 2019 driven largely by net unrealized investments gains - but the Bermuda reinsurer’s CEO also highlighted improvements in the pricing environment.   16 May 2019

Insurance

LMG appoints Horton as new chair

The London Market Group (LMG) has appointed Andrew Horton, CEO of Beazley as its new chair with effect from May 4, 2018.   9 April 2018

Insurance

Hiscox partners with US insurtech for claims handling

Global specialist insurer Hiscox is introducing a customer messaging solution from Boston, Massachusetts-based insurtech firm Hi Marley for AI-powered claims handling communications.   3 September 2018

Insurance

Kingstone taps insurtech Roost for home telematics

New York-based multi-line regional property and casualty insurer Kingstone has partnered with California-based home telematics company Roost.   3 September 2018

Insurance

IAG guides for higher 2018 insurance margin

Insurance Australia Group (IAG) has raised its full-year 2018 reported insurance margin guidance to 15.5-17.5 percent, on back of an increase in reserve release expectations to around 3 percent of net earned premium (NEP) and a first half 2018 (Sept.-March) favourable credit spread impact.   14 February 2018

Insurance

Gramercy Risk raises cash for venture into insurance

Gramercy Risk Holdings, a New York-based insurance programmes management platform, has raised an undisclosed amount of equity capital, which it plans to use to buy and capitalise a shell insurance company.   21 December 2017

Insurance

Tokio Marine Kiln partners in marine automation push

Tokio Marine Kiln (TMK) has entered into a partnership with NTT DATA UK to develop robotics services.   16 July 2018

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