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Insured Australian bushfire losses rise to $486mn: ICA
Rain brings temporary reprieve to parts of New South Wales, though hot and dry conditions are forecast to resume.
Anna Sagar
,
07 January 2020
Wells Fargo analyst downgrades Travelers, Axis, United
Greenspan was more optimistic about Arch, switching her opinion to ‘overweight’ from ‘equal weight’.
Bernard Goyder
,
07 January 2020
Tokio Marine to sell 3.9% RenRe stake
The Japanese group’s shares in the reinsurer were worth about $333.9mn at Monday close.
John Hewitt Jones
,
07 January 2020
Starr appoints Toronto-based general aviation underwriter
Former Swiss Re aviation executive Paul O’Ryan is set to join the business.
John Hewitt Jones
,
07 January 2020
Argo latest specialty insurer to shutter Miami office
The Bermudian carrier’s retreat from Miami follows similar moves by Brit and Aspen.
Bernard Goyder
,
07 January 2020
Neon placed into run-off by AFG as Lloyd’s casualties mount
Run-off costs and reserve strengthening for the Lloyd's unit will cost American Financial Group $50mn-$60mn in Q4.
Fiona Robertson
,
06 January 2020
Amanda Blanc joins Laka board
The former Zurich EMEA CEO takes on a second InsurTech position in addition to her non-executive role at Trov.
Anna Sagar
,
06 January 2020
Nexus Specialty strikes program agreement with Crum & Forster
The Nexus unit will write trade credit risk in the US on a fully admitted basis.
Anna Sagar
,
06 January 2020
Guy Carpenter settles lawsuit against Gardner, Durant and Yoder
The parties agreed to a “mutual resolution of all claims”, noted Guy Carpenter’s legal counsel.
Bernard Goyder
,
06 January 2020
Everest Insurance names Karmilowicz as NA P&C leader
The executive will work closely with international CEO Vincent Vandendael in the new post.
John Hewitt Jones
,
06 January 2020
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