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UK insurers will retain storm Ciara/Dennis losses: UBS
Projected losses for major local insurers are expected to be below reinsurance retentions, but could rise, with flood warnings still in place.
Suliman Mulhem
,
20 February 2020
MMC appoints former Homeland Security official to board
Jane Holl Lute will join the MMC board on 1 March in a non-executive capacity.
Bernard Goyder
,
20 February 2020
Samsung retreats from international facultative construction
The (re)insurance unit of the South Korean conglomerate cites “high loss activity”.
Anna Sagar
,
19 February 2020
Everest adds four to E&S casualty team in US
The recruitment drive comes as excess casualty rates soar in response to the social inflation crisis sweeping the US.
Bernard Goyder
,
19 February 2020
Twia plans to renew $2.1bn reinsurance
The insurer had previously considered cutting back its programme to $1.9bn.
Suliman Mulhem
,
19 February 2020
Samsung exits London construction market
The withdrawal reduces other carriers’ ability to write larger line sizes and follows a trend of capacity withdrawal.
Anna Sagar
,
19 February 2020
Chubb names Florit as head of European corporate A&H
The underwriter was previously head of A&H for France, and replaces Arjen Van Dun.
Samuel Casey
,
19 February 2020
Ciara/Sabine storm losses reach $730mn in Germany: GDV
The industry association says the vast majority of losses come from property.
Laura Board
,
19 February 2020
Regulators need to be held accountable for the damage they do to the industry’s competitiveness
The supervisor’s comments underscore the need for a “competitiveness” focus.
Laura Board
,
19 February 2020
InsurTech has lost ‘special status’: Oxbow Partners
The consultant urges incumbents to connect with big tech super-gatekeepers.
Anna Sagar
,
19 February 2020
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