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Pennsylvania carrier Aegis Security downgraded after California wildfires

AM Best has revised Pennsylvania-based Aegis Security Insurance’s financial strength rating (FSR) to A- from A, and placed the company under review with negative implications.

Marissa Page, 30 November 2018
P&C industry to see wildfire losses up to $15bn: Moody's

Moody’s provided the latest report on wildfire loss estimates and said that this year's fires could surpass the $12.3bn in losses from 2017.

Marissa Page, 29 November 2018
Lemonade plans European expansion

The InsurTech's co-founder announced plans for the move in a blog post without providing details on timing.

Christie Smythe, 29 November 2018
Willis’ Aubert begs for reprieve from D&I charters

The service industry that has sprung up around diversity and inclusion matters risks becoming a distraction from implementing real change, the Willis Great Britain chief argues.

Laura Board, 29 November 2018
Allianz overhauls wordings to tackle silent cyber

The carrier is scrutinising and amending group-wide policy language to clarify coverage for cyber risk across all lines of business.

Catrin Shi, 29 November 2018
CNA Hardy closes Lloyd’s Asia operations

Syndicate 382 shuts in Singapore and Shanghai.

Bernard Goyder, 29 November 2018
Aspen defends Apollo bid analysis after shareholder sues

The Bermuda (re)insurer publishes new detail on the valuation methodology after a shareholder alleges misleading information about the Apollo offer.

Rachel Dalton, 29 November 2018
RKH Specialty hires Franzman from JLT Re

The executive will take up the new role after working his notice.

John Hewitt Jones, 29 November 2018
Kane to join ACR as head of offshore energy

The underwriter will move to the Singapore-headquartered carrier after working his notice period.

Adam McNestrie, 29 November 2018
Casual remarks based on mistaken assumptions can prevent people from developing to their full potential

In the weeks running up to our wedding, my wife and I took ballroom lessons to prepare for the first dance.

Rachel Dalton, 29 November 2018

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