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Insurance
Investment income drop weighs on Third Point Re in Q2
A significant drop in investment income has pushed down Third Point Re’s earnings in the second quarter of 2018 while the Bermuda-based reinsurer managed to reduce the underwriting loss.   1 August 2018
Alternative Risk Transfer
NFIP places $500m cat bond
The Federal Emergency Management Agency (FEMA) has secured $500 million in reinsurance for its National Flood Insurance Program (NFIP) through capital markets.   1 August 2018
Insurance
Prior year reserve releases boost Arch Q2 results
Favourable development in prior year loss reserves have given Bermuda-based Arch Capital Group’s earnings a boost in the second quarter of 2018.   1 August 2018
Insurance
Primary insurers to bear the brunt of California wildfires
Primary insurers rather than reinsurers will bear the majority of losses incurred so far in the current California wildfires, according to Keefe, Bruyette & Woods (KBW) analysts.   31 July 2018
Insurance
Cyber-attacks on business email accounts rise
Attacks targeting business email accounts continued to climb in the second quarter with email compromises accounting for 23 percent of breaches reported to the Beazley Breach Response (BBR) Services team, according to the Q2 Beazley Breach Insight Report.   31 July 2018
Insurance
Coverys hires chief information officer, chief technology officer
Lloyd’s managing agent of syndicates 1975, 1991, 3330 and 1110, Coverys Managing Agency, has appointed Robert Scott-Stewart as chief information officer and Peter Chambers as chief technology officer.   31 July 2018
Insurance
Randall & Quilter unit strikes underwriting partnership with Atlas General
Bermuda-based Randall & Quilter (R&Q) Investment’s wholly owned subsidiary Accredited Surety & Casualty Company (Accredited) has closed a programme underwriting partnership with Atlas General Services Insurance.   31 July 2018
Technology
Bought By Many embraces the API economy
Bought By Many, an insurtech platform that designs and sells niche insurance products, is seeking business partners in Sweden as it launches its pet insurance product in the country in a move that could represent a template for its further expansion.   31 July 2018
Insurance
California wildfires set to impact insurers in Q3
The California wildfires could noticeably impact exposed insurers' third quarter 2018 earnings results, according to Keefe, Bruyette & Woods (KBW) analysts.   30 July 2018
Insurance
AXIS names head of new insurtech unit
Bermuda-based re/insurer AXIS Capital Holdings has launched a new unit under a former Swiss Re hire to accelerate technological innovations and insurtech partnerships at the company.   30 July 2018

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