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Bushfires strike northern Australia as floods hit Sydney

Towns are evacuated in the north, while flash flooding cuts power in Australia’s largest city.

Rachel Dalton, 29 November 2018
AM Best downgrades troubled insurer Integrand

Integrand reported a significant reduction in policyholder surplus resulting from Hurricane Maria and Irma losses in the range of $15mn.

Marissa Page, 29 November 2018
Cayman Islands court approves Beechwood Re wind-up

The court found Beechwood Re had a “history of regulatory breaches.”

Marissa Page, 29 November 2018
Lawmakers leaning toward short-term NFIP fix

Industry experts said it is unlikely the program will lapse come 30 November.

Marissa Page, 29 November 2018
Axis consolidates cyber and tech teams

The new global cyber and technology unit will be part of Axis’s professional lines division.

Marissa Page, 29 November 2018
Environmental losses rising: AM Best

Asbestos losses for US P&C insurers remain at a steady pace, while environmental claims are increasing, according to AM Best.

Christie Smythe, 29 November 2018
AFL makes LatAm move with Special Division tie-up

AFL Sud America will be based in Buenos Aires, with plans to open in Brazil and Colombia.

Christopher Munro, 29 November 2018
Ardonagh Group Q3 adjusted Ebitda up 40%

MGA business returns to the black as specialty and international business remain flat.

Catrin Shi, 28 November 2018
AmTrust to place UK liability book in run-off

The insurer has ceased accepting the risks with immediate effect.

John Hewitt Jones, 28 November 2018
Axa XL to grow New Ocean

The French carrier plans to make its alternative capital platform central to its reinsurance strategy.

Rachel Dalton, 28 November 2018

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