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Aviation market expects $31mn UTC loss
The claim relates to the failure of a seal on Pratt & Whitney’s PW1100G engine, which is used in the A320neo airliner.
Adam McNestrie
,
01 August 2018
Direct Line CEO Geddes to exit
Chairman Mike Biggs says the insurer's succession planning is on track to accommodate Geddes' departure next summer.
Bernard Goyder
,
01 August 2018
FloodFlash raises £1.9mn in seed financing
The MGA has also lined up insurance capacity from Everest Re's Lloyd's syndicate.
Bernard Goyder
,
01 August 2018
THB Europe hires operations director
Ko Bertelkamp joins the AmWins-owned broker as it expands on the continent.
Bernard Goyder
,
01 August 2018
Carlyle takes 20% stake in AIG legacy vehicle
The parties have also entered into a strategic agreement with plans to build DSA Re into a standalone legacy acquirer.
Catrin Shi
,
01 August 2018
Maloney: Cat rates must go up 20% for Lancashire to write more
The Lancashire CEO also said his firm was considering adding new teams in niche, short-tail specialty lines.
Laura Board
,
01 August 2018
Carr and Mendocino wildfires endanger 14,700 structures
Firefighters are racing to stop the spread of fires, which have so far destroyed 972 homes.
John Hewitt Jones
,
01 August 2018
Generali P&C profit rises 3.8% in H1 as combined ratio improves
The Italian carrier announces the results as it nears the end of a restructuring programme.
John Hewitt Jones
,
01 August 2018
Greenlight Re Q2 loss widens as investment woes grow
The total-return reinsurer’s tie to David Einhorn’s Greenlight Capital has hurt.
Anthony Baldo
,
01 August 2018
XL positive on growth but insurance unit disappoints
Weaker reserve development and accident-year results undercut investment gains and other positives.
Gavin Davis
,
01 August 2018
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