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When the torches and pitchforks come out, it’s time to focus on careful underwriting

Hurricane season is drawing to a close and wildfires in California are dwindling. But now another “storm” with massive potential impact is gaining strength, and starting to wreak havoc on insurers’ bottom lines.

Christie Smythe, 08 November 2019
Beazley warns of 2019 underwriting loss on liability, cat claims

The carrier forecasts a combined ratio range of 100 percent to 102 percent, based on normalised claims.

Anna Sagar, 08 November 2019
Allianz Q3 profit flat as lower cats boost AGCS

Profits at AGCS grew 57 percent, while pricing momentum pushed up revenues at the unit up by 13 percent.

Catrin Shi, 08 November 2019
Argo draws ratings concerns from AM Best

The moves comes after a subpoena by the US Securities and Exchange Commission and the departure of CEO Mark Watson III.

Bernard Goyder, 08 November 2019
Australian InsurTech Cover Genius raises $10mn

The startup is a digital MGA that helps businesses sell insurance on through their own websites.

Bernard Goyder, 08 November 2019
California market escapes major fire losses so far, but rates soar

High property rates in the state are becoming the “new normal”, a market source said.

Bernard Goyder, 07 November 2019
Lloyd’s ‘overwhelmed’ with number of SIAB approaches: John Neal

The Lloyd’s CEO said that at least eight to 10 launches are now likely next year.

Anna Sagar, 07 November 2019
McGill evokes Evercore model as he sets out his growth strategy

Executive says large brokers run risk of losing agility and becoming generalist.

Rachel Dalton, 07 November 2019
Liberty Mutual strikes $1.3bn ADC deal with Berkshire Hathaway

The contract will allow the insurance group to cede US workers comp, commercial auto and general liability risks.

John Hewitt Jones, 07 November 2019
NFP takes liability specialist Dubrowsky from Willis

He is based in Miami and will help build out he broker’s environmental liability operation.

John Hewitt Jones, 07 November 2019

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