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SoCalEd parent takes $157mn charge from wildfire claims

The utility firm also contributed $61mn to a fund to compensate wildfire victims.

John Hewitt Jones, 28 February 2020
Third Point Re returns to profit in Q4 as investments rebound

The hedge fund reinsurer posted a net income of $29.7mn in the fourth quarter compared with a loss of $298mn in Q4 2018.

Bernard Goyder, 28 February 2020
Hanover names Medina head of professional liability

Medina joined The Hanover in 2014 from The Hartford, having begun her career at Travelers.

Bernard Goyder, 28 February 2020
Langhorne Re’s Pestcoe joins Hamilton board

Pestcoe previously spent around 18 years at PartnerRe, where he rose to become chief risk and actuarial officer.

Bernard Goyder, 28 February 2020
Hiscox lands ex-Canopius marine head Southgate

The experienced underwriter left Canopius last year on the eve of the AmTrust merger.

Samuel Casey, 27 February 2020
InsurTech Omnius raises $13mn in funding

The company will use the money to expand in the US.

Anna Sagar, 27 February 2020
Hancock named AIG GI international CEO

The appointment positions the outgoing Lloyd's executive as a likely successor to Zaffino as GI head.

Adam McNestrie, 27 February 2020
Walmart seeks up to $500mn in SRCC cover in wake of Chile loss

The food retailer’s property all-risks policy will exclude SRCC cover, and it is not covered under its PV policy.

Anna Sagar, 27 February 2020
Maiden Re cleared to move to Vermont

The main operating subsidiary of Maiden Holdings will “redomesticate” from Bermuda by mid-March.

Samuel Casey, 27 February 2020
US commercial prices up 7.5% in Q4: CIAB

Commercial auto, commercial property and umbrella lines record the most dramatic firming.

Samuel Casey, 27 February 2020

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