Reinsurance

London-based (re)insurance broker Ed has appointed Dean Herman as divisional director for the risk solutions team.

The Corporation of Lloyd's yesterday issued a strong denial that it was under pressure from the ratings agencies or the Prudential Regulation Authority (PRA) to scale back the amount of catastrophe risk it is running.

The majority of carriers in our coverage universe grew their books during the year, with the expansion largely driven by reinstatement premiums and back-up covers following the third quarter catastrophes.

The Insurance Insider looks in detail at the results for Lloyd's reinsurance, property and casualty segments

Argo Group has withdrawn from writing primary habitational business via its Lloyd's syndicate, The Insurance Insider has learned.

Zurich would only be able to sustain six and a half years of payments related to US asbestos claims at current payout levels, which is weaker than the US market average, according to analysis from Bernstein Research.

Texas needs to become more like Florida, and insurers must help with the makeover.

US specialty insurer IAT has agreed a deal to acquire the renewal rights to a $40mn book of surplus lines excess and umbrella business from State Auto subsidiary, Rockhill.

A massive spending bill President Donald Trump signed into law today includes hundreds of millions of dollars to fund pre-disaster mitigation efforts and flood plain mapping, a category targeted for a substantial cut in the White House budget proposal for fiscal 2019.

The UK government plans to expand the scope of Pool Re to allow the scheme to provide reinsurance for non-damage business interruption (BI) caused by terrorism.

The financial strength rating of Canopius Re has been cut one notch to A- by AM Best following the private equity-backed $952mn acquisition of the parent from Tokyo-based Sompo Holdings.

The initial $40bn-$85bn insured loss estimate put out by AIR Worldwide for Hurricane Maria was a key driver of post-event market dynamics as insurance-linked securities funds reloaded last autumn, according to panelists at the Insider US conference last week.