News
Insurance
As homeowner insurers curb services in wildfire and hurricane prone areas of the US, Texas-based, Lloyd's coverholder and MGA for US insurers MarketScout said its recently launched WildCat Brush and CatRisk Wind services would “pick up the slack”. 9 May 2019
Insurance
Insurance losses of $614 million from the “record-breaking” Camp Fire, and Woolsey and Hill Fires, have pushed total claims over $12 billion as of April 2019, according to the California insurance commissioner Ricardo Lara. 9 May 2019
Insurance
Bermuda-based Everest Re Group posted growth in both its reinsurance and insurance businesses driven by solid underwriting and investment returns, according to its chief executive Dominic Addesso. 8 May 2019
Insurance
The UK’s financial sector is predicted to be in line for £100 billion increase in new business by 2030, as technological advances collide with macro-economic and behavioural shifts, PWC has said. 8 May 2019
Alternative Risk Transfer
Growth in the insurance-linked securities (ILS) market has slowed for the second quarter in a row, according to the Willis Re ILS Market Update. 7 May 2019
Insurance
Ryan Specialty Group (RSG) has teamed up with insurance and financial services provider Nationwide to launch a new reinsurance company based in Bermuda, Geneva Re. 7 May 2019
Insurance
The Reinsurance Association of America (RAA) has elected John Welch, chief executive North America, AXA XL Reinsurance, as the new chairman of its board. 7 May 2019
Insurance
The General Court of the European Union has backed the European Commission decision to approve CCR’s natural disaster reinsurance scheme based in France despite objections from French reinsurer SCOR. 7 May 2019
Insurance
Specialty re/insurer Canopius has signed an agreement with Korea's Samsung Fire & Marine Insurance (SFMI) that will see SFMI become a significant minority investor in the company. 3 May 2019
Insurance
Re/insurer Argo Group has fought back against “Voce Capital’s continued falsehoods” by reiterating its “strong track record” and work to drive growth and value for shareholders, as the war of words with the activist investor shows no signs of abating. 3 May 2019
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