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Insurers’ leveraged loan exposures growing: Moody’s

The ratings firm said that some large insurers have “outsize” concentrations, and defaults could spike when the economic cycle turns.

Christie Smythe, 30 May 2019
Third Point Re shifts investments to support property cat push

The Bermudian reinsurer is increasing its fixed income investments as it develops its underwriting profile.

Christopher Munro, 29 May 2019
Convex hires aerospace trio Cooper, Derzypilskyj and Maguire

The three aviation specialists join a senior team led by former Catlin aviation head Mike Hansen.

Adam McNestrie, 29 May 2019
Raw follows former Towers Re colleagues out of Guy Carpenter

Senior broker departs after trio of resignations last week.

Adam McNestrie, 29 May 2019
Energy market on watch over potential $200mn Husky loss

The Axa XL-led placement could still escape a claim if it is determined there was no physical trigger for the loss.

Adam McNestrie, 29 May 2019
French regulator urges Scor and Covea to bury hatchet: report

ACPR vice president Bernard Delas said there was no “interest in letting that row last eternally”.

Anna Sagar, 29 May 2019
Ruling in Grenfell dispute due by the end of June

Protector and Munich Re are in arbitration in Norway over a claim relating to the 2017 fire which killed 72 people.

Rachel Dalton, 29 May 2019
Mactavish is leveraging the bias of many people towards the industry to pressure insurers to pay

For all the issues that dog the insurance industry, the perception among customers or the wider public that carriers are out to deny valid claims is the most damaging and, sadly, the one that most persistently raises its head.

Matthew Neill, 29 May 2019
AIG continues ‘major surgery’ on underperforming business lines

Carrier continues to overhaul various business lines as it aims for underwriting profit, said CFO Lyons.

Bernard Goyder, 29 May 2019
California moves closer to disaster insurance purchase

It is hoped the Golden State will be able to have the policy in place from the start of next year, The Insurance Insider understands.

Christopher Munro, 29 May 2019

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