News
Insurance
Profits at Blue Capital Reinsurance Holdings dipped sharply in the second quarter driven by higher levels of catastrophe losses globally. On a positive note, the company said declines in rates slowed in the mid-year renewals compared with a year earlier. 2 August 2016
Insurance
Insurance services firm Charles Taylor has agreed to a "compelling" takeover deal by private equity firm Lovell Minnick Partners, which it hopes will deliver attractive returns to its shareholders. 19 September 2019
Alternative Risk Transfer
Arch Capital Group’s US mortgage insurance operation Arch Mortgage Insurance Company (Arch MI) secured $374,460,000 of indemnity reinsurance from Bellemeade Re 2018-1, a special purpose insurer. 19 April 2018
Insurance
The number of companies writing flood insurance in Florida has doubled from 10 to 20 firms in the past year, mainly thanks to the use of new technology to better predict and price flood risk, according to a report by Lisa Miller & Associates. 20 July 2017
Insurance
Global economic losses from natural disasters for 1H 2017 were estimated at $53 billion – 56 percent lower than the 10-year average of $122 billion and 39 percent lower than the 17-year average of $87 billion, according to Aon catastrophe report. 20 July 2017
Insurance
The casualty market in the US remains competitive for reinsurers, with rates still very soft in several lines of business and loss trends increasing. But there remain pockets of opportunity and rate decreases will likely slow in the aftermath of the recent hurricane losses. 16 October 2017
Insurance
Social inflation is a big issue for insurers, especially in the US where plaintiffs’ lawyers are demanding ever-larger pay-outs, backed by juries who are increasingly inclined to back David against Goliath. But the right approach will reduce this trend, as Rick Lindsey, CEO of Prime Insurance Company, tells Intelligent Insurer. 7 September 2020
Insurance
Bluefin Underwriting, the managing general agent (MGA) arm of Bluefin, has expanded its broker development team with the appointment of Jodie Gibbons as broker development executive in the Wales and South West region. 17 May 2016
Insurance
Aon's Reinsurance Solutions has appointed Colin Dutkiewicz to a newly created role, global head of life. 24 January 2019
Insurance
Oil Casualty Insurance (OCIL) has entered into an agreement with Iron-Starr Excess Agency (Iron-Starr), a managing general agency (MGA) and Ironshore subsidiary, whereby Iron-Starr will be underwriting certain lines of insurance on behalf of OCIL. 10 June 2016
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