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Japan’s big three head for FY profit despite cat losses: AM Best
The ratings agency says recent cat events could breach the carriers’ loss budgets.
Samuel Casey
,
17 October 2019
United reveals $46mn Q3 cat loss projection
The losses relate largely to Hurricane Dorian and tropical storms Barry and Imelda.
Bernard Goyder
,
17 October 2019
Maiden moving headquarters from Bermuda to Vermont
The company says it wants to “better align its operations, capital and resources" with its liabilities.
Bernard Goyder
,
17 October 2019
Industry faces disruption if Tria not renewed: Marsh’s Doyle
Failing to reauthorise the terrorism risk program could force up rates, executives told lawmakers.
John Hewitt Jones
,
17 October 2019
RLI beats expectations with underwriting, investment improvements
The result was driven by improvements in underwriting, investment returns and favourable development.
Bernard Goyder
,
17 October 2019
Hilb Group PE owners retain JP Morgan to sell business
Business could be valued at upwards of $1bn based upon buoyant market for broker valuations.
Adam McNestrie
,
16 October 2019
Axis draws back from coal and oil sands underwriting
The Bermuda carrier will also curb investments in fossil fuel-exposed companies.
Rachel Dalton
,
16 October 2019
Allianz X joins $12mn funding round for InsurTech Quantemplate
The machine learning company counts Chubb and RenaissanceRe among its customers.
Anna Sagar
,
16 October 2019
Analysts: AIG better covered for 2019 typhoon claims
AIG is likely to have exhausted its $550mn Japanese reinsurance cover after typhoons Faxai and Hagibis.
Lucy Jones
,
16 October 2019
Castel Specialty enters construction with hire of former Beazley head
Colin Rose joins the MGA after seven years as head of construction and engineering at Beazley.
Anna Sagar
,
16 October 2019
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