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AM Best removes Validus from review

The agency also affirmed Validus’ financial strength rating of A (Excellent).

Marissa Page, 12 October 2018
Hurricane Michael to bring $8bn insured loss: KCC

KCC estimates that nearly half of its predicted $8bn insured loss occurred in Florida’s Bay and Gulf counties.

Marissa Page, 12 October 2018
Michael to post mid-to-high single digit billion losses: sources

Hurricane Michael is expected to bear losses in the mid-to-high single digit billions, with the vast majority of damage occurring in Florida.

Marissa Page, 12 October 2018
AM Best updates Arch outlook to stable

The ratings agency also said it affirmed Arch Reinsurance’s financial strength rating (FSR) of A+, or Superior.

Gavin Davis, 12 October 2018
Hiscox wins $1.8mn from former exec for watch-buying scheme

Hiscox has won a $1.8mn judgment against a former employee who reportedly used company funds to buy luxury watches.

Marissa Page, 12 October 2018
AM Best affirms Greenlight Re's A- rating

AM Best noted the Cayman Islands-based carrier’s “very strong” risk-adjusted capitalisation and financial flexibility, which both contributed to the stable outlook the agency holds on the business.

Christopher Munro, 12 October 2018
Insurance agency M&A activity at second-highest ever for 2018: Optis

The Chicago-based firm said this was the second-highest total through the first three quarters of the year, just short of 2017.

Marissa Page, 11 October 2018
Willis taps AGCS for Western Europe Finex leader

She worked at Liberty Mutual, BP and Siemens before joining AGCS.

Laura Board, 11 October 2018
Former BMS CEO Beardmore launches reinsurance MGA

Aurous Risk Partners will work to match risk to various forms of capacity, including alternative capital via fronting carriers.

Catrin Shi, 11 October 2018
NatGen puts Q3 cat losses at $35mn

The loss from Hurricane Florence and the August Californian wildfires equates to 2.2 percent of shareholders' common equity at the end of the second quarter.

Gavin Davis, 11 October 2018

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