Christie Smythe

Fema extends flood insurance renewal grace period

Policyholders will have a grace period of up to 120 days before coverage lapses.

Christie Smythe, 21 May 2020

S&P revises PartnerRe outlook to stable after Covéa deal falls through

The action follows similar moves by AM Best and Fitch after a proposed $9bn sale was dropped.

Christie Smythe, 16 May 2020

Hamilton ‘poised to pounce’ on M&A opportunities: Ursano

The insurance group’s CFO says his firm is still eagerly looking out for “the right” deals to pursue, even amid the pandemic.

Christie Smythe, 15 May 2020

Fitch shifts PartnerRe outlook to negative after Covea deal scuttled

An earlier positive outlook had reflected an anticipated benefit from ownership by a larger P&C, health and life insurance organisation.

Christie Smythe, 15 May 2020

Judge slams MMC subpoenas to CAC hires as ‘fishing expedition’

The judge also allowed MMC to amend a trade secrets suit over employee defections to add further allegations about Cobbs Allen.

Christie Smythe, 09 May 2020

Argo expects ‘magnitude’ of Covid-19 property claims to fall: Rehnberg

The carrier’s chief executive officer said the “vast majority” of BI cover in the US has virus exclusions.

Christie Smythe, 09 May 2020

Covid-19 will be an ‘inflection point’ on pricing: Duperreault

AIG “remains in a strong financial position” despite the pandemic, the executive said.

Christie Smythe, 05 May 2020

AIG feels impact from Covid-19 losses in Q1

The General Insurance division reported an underwriting loss of $87mn, driven by $272mn in Covid-19 claims.

Christie Smythe, 05 May 2020

Berkshire Hathaway would write pandemic cover for 'the right price': Buffett

Warren Buffett told shareholders that the company has so far faced limited claims impact from the coronavirus.

Christie Smythe, 04 May 2020

warren-buffett-at-berkshires-may-2018-annual-meeting-xinhua-via-pa-cropped-and-sized.jpeg

Berkshire Hathaway Q1 underwriting profit slips amid pandemic

The company reported a 7 percent dip in underwriting income as it took a hit from $230mn in Covid-19 claims.

Christie Smythe, 03 May 2020

RLI sees 500 claims so far from coronavirus

Craig Kliethermes says full exposure from US state government shutdowns “will take significant time to reveal” itself.

Christie Smythe, 22 April 2020

RLI earnings dip amid Covid-19 uncertainty

The carrier reports operating earnings of $29.8mn for Q1, down about 7 percent from the first three months of last year.

Christie Smythe, 22 April 2020

If insurers want to lead us out of this crisis, and not be ruined by it, they need to stick to the straight and narrow

If insurers want to lead us out of this crisis, and not be ruined by it, they need to stick to the straight and narrow.

Christie Smythe, 21 April 2020

MMC subpoenas 13 CAC employees as defection litigation ramps up

Process servers showed up at some employees’ homes on Thursday evening to deliver documents, according to sources.

Christie Smythe, 18 April 2020

Venbrook names Ahuja COO to oversee top-line growth

Sonia Ahuja comes to the Los Angeles-based wholesale broker from Farmers Financial Solutions.

Christie Smythe, 16 April 2020

P&C sector well-positioned for Covid-19 but ‘regulatory creep’ lurks: AM Best

The ratings agency discussed impacts from the pandemic and noted that it is still awaiting responses to a “stress test” questionnaire.

Christie Smythe, 10 April 2020

Enstar reaches $465mn reinsurance deal for Lyft legacy reserves

The carrier has agreed to reinsure legacy business underwritten by Zurich from 1 October 2015 to 30 September 2018.

Christie Smythe, 01 April 2020

Illinois theatres and restaurants sue insurer over Covid-19 business losses

The entities allege that Wisconsin-based Society Insurance should provide coverage for "necessary suspension" of business.

Christie Smythe, 01 April 2020

Biba cancels 2020 conference over Covid-19 risks

The event was due to be held in Manchester Central on 13 and 14 May 2020.

Christie Smythe, 24 March 2020

Pandemic product saw no takers before coronavirus: Marsh broker

Marsh is now seeking new carriers to cover pandemics as demand for its PathogenRX product rises.

Bernard Goyder, 18 March 2020

Cruise line suit signals possible wave of coronavirus D&O claims

The case is likely the first over alleged misrepresentations to investors about the virus.

Christie Smythe, 17 March 2020

US insurance stocks tumble as businesses, schools shut

The S&P 500 insurance index was down more than 13 percent at market’s close, while some insurers dropped more than 20 percent.

Christie Smythe, 17 March 2020

CAC appoints O'Neil as SVP in financial lines legal and claims

Carrie O'Neil most recently served as senior vice president at JLT Specialty, leading the financial lines legal and claims team.

Christie Smythe, 10 March 2020

Greenlight Re underwriting loss narrows to $15.8mn in Q4

The hedge fund reinsurer also posted improvements in investments for Q4 as it weighs strategic options as part of a review process.

Christie Smythe, 10 March 2020

US P&C industry swings to underwriting profit in 2019: AM Best

Underwriting income for the industry climbed $4.9bn from the previous year, driven by growth in net premiums earned, according to AM Best.

Bernard Goyder, 07 March 2020

Brazil Rio de Janeiro with Sugarloaf and Guanabara Bay at morning

IRB Resseguros ratings placed under review by AM Best

The Brazilian reinsurer's ratings were placed under review with negative implications after the sudden departure of its CFO and CEO.

Christie Smythe, 07 March 2020

Stamping Office of Texas appoints new executive director

Greg Brandon, formerly of Valero Energy, succeeds interim executive director Don Meyer at the regulatory body.

Christie Smythe, 07 March 2020

Reinsurer enthusiasm cools on InsurTech capacity deals

Munich Re's move to pull back capacity to Hippo comes as reinsurers are looking more cautiously at InsurTechs.

Bernard Goyder, 06 March 2020

Atlantic Specialty settles with NBC Universal over war exclusion

The production company sought coverage after violence in Israel caused it to change filming locations for the show “Dig”.

Christie Smythe, 06 March 2020

HW Kaufman completes acquisition of Barbican Protect

The UK-focused property and casualty MGA will become part of HW Kaufman's Burns & Wilcox platform.

Christie Smythe, 05 March 2020

PartnerRe posts $188mn non-life underwriting loss

The Bermuda-based carrier’s non-life underwriting loss in Q4 widened 181 percent compared with the previous year.

Christie Smythe, 03 March 2020

Berkshire Hathaway 2019 P&C underwriting profit falls 79%

P&C reinsurance losses widen, while underwriting earnings at Geico and in primary insurance deterioriate.

Christie Smythe, 22 February 2020

ProAssurance strikes $450mn deal to acquire Norcal

Fitch placed ProAssurance ratings on negative watch following the announcement of the acquisition, noting concerns about the medical professional liability space.

Christie Smythe, 21 February 2020

Insurers settle Frenchman’s Reef claim for $247mn

The resort’s owner said it had settled its dispute with XL, Lloyd’s underwriters and US Fire over a Hurricane Irma claim.

Christie Smythe, 21 February 2020

FedNat discloses $12mn in pre-tax Q4 adverse development

The carrier said the charge mainly stems from non-core business, including $5.5mn from commercial general liability.

Christie Smythe, 20 February 2020

Fairfax units ‘ready to expand’ in 2020: Watsa

The Canadian carrier's insurance units are looking to take advantage of a favourable rate environment.

Christie Smythe, 15 February 2020

Christie Smythe

Published by this author: