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Novae Group, a specialist Lloyd’s insurance group, posted a 9.8 percent increase in its gross written premiums (GWP) for the first quarter of 2016. The increased to £282.8 million, compared with £257.6 million in the first quarter of last year. 11 May 2016
Insurance
Insurers are guilty of spending too much time navel-gazing rather than thinking about customers. This, argues Stuart Sutherland, Liberty Specialty Markets’ head of casualty, has to change. 3 June 2019
Insurance
US property/casualty (P&C) re/insurers have improved operating returns by 8.0 percent year on year in the first half of 2018 after an increase of 6.8 percent in the same period of 2017, according to Fitch Ratings. 31 August 2018
News
Size is an increasingly important factor in the success of reinsurance businesses, according to SCOR, and the pressure remains on smaller players to merge. 27 July 2018
Insurance
Almost three years ago, a group of insurance professionals got together to consider the challenges facing BAME individuals and those from outside the UK working in the insurance sector, as Ajay Mistry and Kishan Mangat, co-chairs of the Insurance Cultural Awareness Network, report. 19 December 2019
Alternative Risk Transfer
Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from Willis Re. 2 January 2019
Insurance
JLT Re's global property-catastrophe reinsurance index fell 1.2 percent at the January 1 renewals, despite 2018 being one of the costliest years in terms of catastrophe losses. 2 January 2019
Insurance
The 15 large wildfires active across California have so far resulted in a death toll of more than 40 while burning more than 217,000 acres and destroying an estimated 5,700 structures, catastrophe modelling firm AIR Worldwide said on Oct. 16. 17 October 2017
Insurance
Bermuda-based Aspen Insurance Holdings said on Oct. 16 that it expects to record an underwriting loss of approximately $340 million in the third quarter of 2017. 17 October 2017
Insurance
AM Best has assigned a Financial Strength Rating (FSR) of B (Fair) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” to UK-based Folgate Insurance Company. The outlook assigned to these Credit Ratings (ratings) is stable. 22 November 2018
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