News

News

A/E liability insurers ‘see premiums grow’, survey finds

Insurers that provide professional liability cover to US architects and engineers (A/E) saw significant premium growth last year despite a competitive market and flat rates, a survey has found.   26 February 2019

Insurance

FedNat strikes $51m deal to acquire 1347 PIH's homeowners business

FedNat Holding Company is to acquire Maison Insurance Company and other homeowners insurance entities from 1347 Property Insurance Holdings (1347 PIH) in a $51 million deal.   26 February 2019

News

Hiscox's Masojada: 2018 results show ‘strong growth’ after ‘tough action’

Re/insurer Hiscox CEO Bronek Masojada praised the company’s “strong growth” in its 2018 results as he said the “tough action” taken in its London Market business was paying off.   25 February 2019

Insurance

Berkshire Hathaway 2018 results show P&C growth as Buffett criticises GAAP

Berkshire Hathaway stayed in the black in 2018 helped by its P&C and life and health insurance divisions, but its profits were hit by new accountancy rules that Warren Buffett, its chairman, criticised.   25 February 2019

Insurance

QBE returns to profit in 2018 due to fall in cat claims and cost-cutting

Australia-based QBE Insurance Group returned to profit last year helped by "significantly reduced catastrophe claims", after an extreme 2017, and a robust cost-cutting programme.   25 February 2019

Insurance

Brit expands capacity for Bermuda sidecar and Lloyd’s Syndicate 2988

Specialty re/insurer Brit has completed the fifth annual renewal and expansion of its Bermuda domiciled special purpose insurer Versutus.   25 February 2019

Insurance

Sirius 2018 results show losses despite ‘long-term wins’

Insurance group Sirius highlighted “long term wins” in its 2018 results, despite losses partly caused by typhoon Jebi.   22 February 2019

Insurance

Hannover Re appoints Jeff Burt as president of US unit

Hannover Life Reassurance Company of America, the US unit of German reinsurer Hannover Re, has appointed Jeff Burt as new president.   22 February 2019

Insurance

Munich Re seeks 'digital transformation' with Coupa partnership

German reinsurer Munich Re has partnered with business spend management (BSM) provider Coupa Software to transform its procurement and related processes with its first global source-to-pay system.   21 February 2019

Insurance

Apax sells AssuredPartners to original owner GTCR Group

London-based private equity firm Apax Partners is selling its entire stake in property/casualty broker AssuredPartners to an investor group led by Chicago-based PE firm GTCR.   21 February 2019

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