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Lloyd’s Lab takes claims and cryptocurrency focus with seventh cohort

11 InsurTechs form the latest line-up for the innovation accelerator programme.

Rachel Dalton, 09 August 2021
UK trade credit insurers expect influx of insolvencies starting Q4

Insurers said it’s too early to talk loss quantum, but believe they are well poised to deal with any future losses.

Luke Harrison, 09 August 2021
Dixie Fire is second largest in California history at 463,000 acres

Pacific Gas & Electric Company has been ordered to explain its potential role in starting the blaze.

Rachel Dalton, 09 August 2021
Berkshire's BHSI grows NWP 44% in Q2 as claims frequency spikes at Geico

Geico’s loss ratio jumped by nearly 18 points in the quarter on higher claims frequency, on par with results at personal auto rival Allstate.

James Thaler, 09 August 2021
Greenlight Re’s ‘A-’ ratings outlook upgraded to stable by AM Best

The moves comes after the hedge fund reinsurer said on Wednesday it generated a roughly $5mn underwriting profit in Q2.

James Thaler, 09 August 2021
Rokstone appoints Occam’s Green to lead new operational power unit

Ian Green will join on 1 October to head up the newly-formed power generation division.

Luke Harrison, 06 August 2021
AGCS ready to grow in hardest market in a decade: Bäte

The carrier returned to profit in Q2, with premium income down as a result of portfolio remediation.

Samuel Casey, 06 August 2021
Provinzial books worst-ever loss from Bernd as Deutsche Rück predicts EUR180mn retro claim

Provinzial announced a EUR761.3mn loss, while Deutsche Rück’s costs could stretch to EUR230mn.

Fiona Robertson, 06 August 2021
AIG cuts Florida reinsurance limits by more than 40%

The insurer also sourced more buydown reinsurance layers to reduce its retention of North American catastrophe risks.

Fiona Robertson, 06 August 2021
Ark reports Q2 combined ratio of 89.8%

The carrier benefitted from risk-adjusted rate change of over 7% in the period to bring GWP to $328mn.

Rachel Dalton, 06 August 2021

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