News
Insurance
Re/insurer MS Amlin's chief financial officer (CFO) John Worth is stepping down from his role to join Hastings Group, a UK-based insurance provider. 14 January 2019
Insurance
AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating to “a+” from “aa” of HDI Global Specialty SE (Germany). 14 January 2019
Insurance
Munich Re-backed insurtech firm Trov is expanding its on-demand insurance offering to four additional states in the US. 14 January 2019
Insurance
P&C re/insurers face higher year on year catastrophe losses in the fourth quarter of 2018 results reflecting hurricane Michael, California wildfires, and some smaller events, but overall losses should be manageable, according to Keefe, Bruyette & Woods (KBW) analysts. 14 January 2019
Insurance
Specialist insurer Beazley has appointed two financial lines underwriters at the company's hub for continental Europe in Barcelona. 14 January 2019
Insurance
Positive P&C pricing and rising investment income in the US insurance sector are expected to be offset by slower reserve releases and higher loss trends in 2019, according to Morgan Stanley analyst Kai Pan. 14 January 2019
Insurance
The overall impact of catastrophe losses on property rates was muted at the January 1, 2019 reinsurance renewals, according to Guy Carpenter. 14 January 2019
Insurance
Bermuda-based run-off specialist Premia Holdings has acquired an Illinois-based property/casualty insurer that was being managed by the Illinois Department of Insurance after being placed into rehabilitation in 2017. 11 January 2019
Insurance
A group of Europe’s largest reinsurers, the Insurance Europe Reinsurance Advisory Board (RAB), has published an overview of the benefits of insurers’ use of internal models, essentially making the case for their use. 10 January 2019
Alternative Risk Transfer
A combination of losses in 2018, capital still trapped in relation to 2017 events and a lack of new capacity entering the market, will likely lead to a hardening of the pricing of ILS deals and higher prices in the retro market in 2019. 10 January 2019
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