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Irdai member castigated over Marsh 'kick-back' case

India's Securities Appellate Tribunal has accused a member of the country's insurance regulator of "virtually aiding and abetting corruption" in disregarding a case which alleges Marsh provided kick-backs to an insured in return for its business.

Charlie Thomas, 21 March 2018
InsurTech start-up Kin aims to double staff

InsurTech homeowners' provider Kin expects to hire 40 people by the end of April, which may double its staff.

Laura Sanicola, 21 March 2018
AIG details $2.5bn in debt sales tied to Validus deal

AIG is selling $2.5bn in notes and debentures partly to raise cash as it arranges financing for the $5.56bn acquisition of (re)insurer Validus.

Ted Bunker, 21 March 2018
Mudslide threat spurs Los Angeles-area evacuations

Flood and mudslide warnings from weather watchers have put people on alert in Los Angeles as wind and heavy rain pummel the region

Ted Bunker, 21 March 2018
AmTrust adds ex-KPMG auditor Serock to expanded board

AmTrust added a former KPMG partner and audit specialist to its expanded board of directors today as it heads toward a $13.50 per share take-private deal backed by Stone Point.

Ted Bunker, 21 March 2018
Lloyd's to explore ILS cover for central fund in 2019

Lloyd's is looking at bringing in ILS capital next year to back the Corporation's Central Fund, following the introduction of the UK's new ILS framework.

Bernard Goyder, 21 March 2018
Analysts praise Munich Re reinsurance revamp

Analysts have welcomed Munich Re's move to improve the profitability of its traditional reinsurance business, which includes 900 planned job cuts.

20 March 2018
Climate change poses risks to reinsurers: Moody’s

Weather-related catastrophe exposures and potential claims on liability policies stemming from climate change pose significant risks to P&C (re)insurers, according to Moody's Investors Service.

Anthony Baldo, 20 March 2018
Initial Maria estimates fuelled excess capital raise: Millette

The initial $40bn-$85bn insured loss estimate put out by AIR Worldwide for Hurricane Maria was a key driver of post-event market dynamics as insurance-linked securities funds reloaded last autumn, according to panelists at the Insider US conference last week.

David Bull, 20 March 2018
Class action settlements value plummets in 2017: Cornerstone

The value of securities class action settlements fell by 76 percent to nearly $1.5bn in 2017, the second-lowest level in the past decade, according to Cornerstone Research.

Anthony Baldo, 20 March 2018

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