News
Insurance
Starr Companies is introducing commercial primary auto coverages in all provinces and territories in Canada. 18 October 2017
Insurance
US credit rating firm Moody’s has said it expects Zurich’s earnings coverage and capital and financial leverage to be negatively affected by the insurer’s announcement that it will show some $100 million of operating losses in its general business for its fourth-quarter 2015 earnings. 25 January 2016
Insurance
Zurich has become the first major global insurer to align with United Nation's climate change goals by committing to using 100 percent renewable energy in all global operations by the end of 2022, and to stop writing certain thermal coal and oil sands risks. 26 June 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
Legislators in the US have a fight on their hands if they think the insurance industry will agree to pay out on untenable claims without complaint, says one industry veteran, as he debunks the argument that the move is akin to TRIA. Intelligent Insurer investigates. 8 April 2020
Insurance
New contingent capital equity line has been arranged with JP Morgan. 4 December 2019
Insurance
Earlier this year, Vibe MGA Management was the latest managing general agent incubator to be launched in the London Market. Danny Maleary, its CEO, explained its aims, ambitions and international outlook to Intelligent Insurer. 17 October 2017
Insurance
The impact of insurtech on the reinsurance industry could be limited in the short term—but that does not mean that investments made now will not bear fruit in the future, Jean-Paul Conoscente, chief executive officer of P&C’s US operation and P&C’s reinsurance business unit, SCOR, told PCI Today. 28 October 2018
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