News

Insurance

Mapfre reports almost 25 percent drop in net earnings for 2018

Spanish re/insurer Mapfre revealed a drop of almost 25 percent in its net earnings for 2018 as the company was affected by the cost of catastrophic events and currency depreciation.   7 February 2019

Insurance

Ed poaches Willis exec for professional risks team

Reinsurance, wholesale and specialty broker Ed has appointed Laura Skaanild as client director, professional and executive risk from Willis Towers Watson.   7 February 2019

Insurance

Hamilton Re poaches head of risk XS from Hiscox

Bermuda-based Hamilton Re has appointed David Roache to the newly-created position of senior vice president, head of risk XS.   14 November 2018

Insurance

Generali posts solid growth and profits in Q1 results

Italian insurer enjoyed a big increase in its profit in the first quarter of 2019, though this was partly driven by disposals. Its GWP also show solid gains in all parts of the business.   16 May 2019

Insurance

Aviva signs five year capacity deal with tech-driven niche insurer Ripe

Insurer Aviva has agreed to a five-year capacity deal with UK-based insurtech Ripe Insurance.   26 March 2019

Insurance

Lloyd’s managing agent Coverys appoints head of claims from Brit

Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991, 3330 and 1110, has appointed Caitlin Crist to the newly created role of head of claims of Coverys Syndicate 1975.   26 March 2019

Insurance

Rising protectionism to hit marine, trade credit insurance

Protectionism is on the rise and could result in a global recession if current actions morph into a fully-fledged trade war, Swiss Re has warned. A longer-term decline in trade will hit marine and trade credit insurance premium growth hardest, the reinsurer noted in a report titled “Protectionism on the rise, and here to stay”.   27 September 2018

Insurance

Sompo International appoints new P&C chief underwriting officer

Bermuda-based Sompo International Holdings, a specialty provider of property and casualty insurance and reinsurance, has appointed John (Jack) Kuhn to the new role of chief underwriting officer (CUO) for Sompo International’s property & casualty (P&C) business.   25 April 2018

Insurance

James River reports Q3 loss

This is the 10th consecutive quarter of renewal rate increases in the core E&S book   7 November 2019

Insurance

ProSight reports strong Q3 growth

Losses for Harvey, Irma and Maria estimated at less than $2 million of pre-tax profit.   7 November 2019

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