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Brit grows Versutus sidecar to $187mn
Brit has expanded the size of its Versutus sidecar from $150mn to $187mn for 2018, it announced today.
Catrin Shi
,
14 February 2018
Tokio Marine swings to 9-month loss in Europe, reinsurance
The European and reinsurance units of Tokio Marine fell to a loss for the nine months to 31 December as natural catastrophe losses decimated profits.
Catrin Shi
,
14 February 2018
Sompo Holdings reshuffles managers
Japanese insurance group Sompo Holdings has reshuffled management ahead of the retirement of five executives.
John Hewitt Jones
,
14 February 2018
P&I clubs’ expansion could be too risky: AM Best
Property and indemnity (P&I) clubs could put their reserves at risk if they fail to manage their entry into new classes of business effectively, AM Best has warned.
John Hewitt Jones
,
14 February 2018
Kemper shares drop after Infinity deal announced
Kemper shares fell almost 7 percent in New York trading today after the company said late yesterday that it would buy specialty insurer Infinity Property and Casualty for $1.3bn in cash and stock to extend its reach into the non-standard auto segment.
Ted Bunker
,
14 February 2018
Sompo overseas unit takes $626mn net HIM hit
Sompo's overseas insurance business has reported a near-threefold rise in adjusted operating profit for the nine months to 31 December after a tax boost at newly acquired Sompo International.
Charlie Thomas
,
14 February 2018
Legacy market courted for EUR400mn Greek motor liability
The Greek auxiliary fund, Epikouriko Kefaleo, has approached the legacy market for ideas as to how to address about EUR300mn-EUR400mn ($369.3mn-$493.2mn) in liabilities relating to motor claims, The Insurance Insider understands.
Catrin Shi
,
14 February 2018
Prices rise 20-25% on loss-hit US property cat: Willis
Loss-affected US property catastrophe insurance accounts are facing rate hikes of 20 to 25 percent, according to broker Willis Towers Watson.
David Bull
,
14 February 2018
Clutch of Florida carriers await Demotech affirmation
Demotech has affirmed its ratings for the majority of Florida homeowners insurers it covers but has yet to pass judgment on 16 others, according to a statement distributed last week.
David Bull
,
14 February 2018
Aspen backs SafeWaters’ expanded marine offering
Aspen Insurance has provided paper to Ryan Specialty Group-owned SafeWaters Underwriting Managers for it to provide cargo, hull and machinery, and marine liability insurance.
Adam McNestrie
,
14 February 2018
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