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AM Best assigns ’A’ financial strength rating to Lloyd’s Brussels

The ratings agency predicts that Lloyd’s performance management directorate’s actions will lead to an improvement in the market’s attritional loss ratio in 2018 and 2019

Laura Board, 13 July 2018
Asia braces for heavy storm losses but Maria impact seen as minimal

Aon Benfield estimates economic damage from Typhoon Maria to date at about $430mn.

Matthew Neill, 13 July 2018
Ford leaves Allied World Singapore

The carrier's senior vice president and head of treaty for Asia Pacific, Middle East and Africa spent more than nine years in the role.

Charlie Thomas, 13 July 2018
LMA’s Gittings prefers outsider for Lloyd’s CEO job

The outgoing chief tells the Financial Times that Lloyd's needs to conduct a "thorough review of what it is trying to be".

Laura Board, 13 July 2018
Navigators seeks to cancel University of Louisville D&O policy

The insurer has filed a lawsuit asserting the school did not reveal it was under state investigation.

Laura Sanicola, 13 July 2018
Data breach costs in US rank as world’s highest: Ponemon

Expenses tied to data leaks in the US rise to $7.9mn versus a global $3.9mn average.

Anthony Baldo, 12 July 2018
Assurant teams with EPG on heavy equipment cover

Working together may open new markets for both the program administrator and the insurer.

Ted Bunker, 12 July 2018
Aspen share price slides below $40 as sentiment turns bearish

Argo and Blackstone have left the sale process in recent weeks, with Apollo the only known bidder.

Adam McNestrie, 12 July 2018
Insurance sector rues lack of mutual market access in Brexit blueprint

Representatives urge an agreement on contract continuity as May’s Brexit white paper confirms a good-only free trade proposal.

Laura Board, 12 July 2018
Cat models fail to capture atypical hurricane events: JLT Re

Loss events beyond wind have foiled modellers but accuracy has improved over time.

Lucy Jones, 12 July 2018

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