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Hiscox data watchdog case dismissed

Hiscox has been cleared in a criminal prosecution brought against the carrier by the UK Information Commissioner's Office (ICO) after the prosecution's key witness fell ill.

John Hewitt Jones, 16 February 2018
Lancashire shares penalised for second day on Q4 loss

London-listed Lloyd’s carrier Lancashire endured another challenging day in the stock markets today, after its stock closed down 4.3 percent.

Charlie Thomas, 16 February 2018
Axis ratings outlook shifted to negative by AM Best

Axis Capital’s ratings outlook has been revised to negative by AM Best, which cited inauspicious trends in the carrier’s insurance operations.

Ted Bunker, 16 February 2018
Allianz Q4 P&C profit falls 9.6%

Operating profit at Allianz's P&C division fell by 9.6 percent to EUR1.31bn ($1.63bn) in Q4, after higher cat claims and operating losses at the company's commercial insurance unit.

Bernard Goyder, 16 February 2018
Opinion: Lessons from AmTrust #3

Previously I have written two brief notes on the lessons from AmTrust - the first on the dangers of leverage, and the second on corporate governance.

Gavin Davis, 16 February 2018
Opinion: Crop insurance reform

In America's heartland this week, the sunny optimism over government-backed crop insurance that prevailed last month turned to dismay as the Trump administration proposed deep cuts and reforms that may drive farmers' costs sharply higher.

Ted Bunker, 16 February 2018
Gallagher’s RPS parts ways with Standard Lines head

AJ Gallagher-owned US wholesaler Risk Placement Services (RPS) has parted company with Scott Treiber, president of its standard lines platform, The Insurance Insider can reveal.

David Bull, 16 February 2018
Argo seeks control of Italy’s Ariscom for EUR20mn

Argo Group has received regulatory approval to take control of Rome-based insurer Ariscom Compagnia di Assicurazioni SpA, which is currently in state administration, for EUR20mn ($24.8mn).

Ted Bunker, 16 February 2018
Aspen closes Bermuda property insurance unit

Aspen has shut down its Bermuda-based US property insurance unit as it takes steps to reshape its book of business in the aftermath of heavier than expected 2017 cat losses, The Insurance Insider can reveal.

David Bull, 16 February 2018
Allied World books 133% combined ratio for Q4

Allied World ran a combined ratio of 132.7 percent in the fourth quarter, according to financials filed by parent Fairfax Financial.

Catrin Shi, 16 February 2018

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