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Terror and marine markets slow to adopt PPL

The terrorism and marine markets have yet to embrace electronic placement with the same enthusiasm as peers in financial lines, according to 2017 data from Placing Platform Limited (PPL).

Bernard Goyder, 12 February 2018
Axis cat reinsurance cessions on the rise: Benchimol

Cat business will be less "critical" to Axis's net results in 2018, after it revealed it now cedes more than 50 percent of its cat reinsurance premium, up from 42 percent in 2017.

Charlie Thomas, 09 February 2018
Scor's Peignet notes increased discipline at 1/1

Scor Global P&C CEO Victor Peignet has predicted that increased discipline could be the legacy of 2017.

Fiona Robertson, 09 February 2018
Hiscox sued by UK data watchdog

The Information Commissioner's Office (ICO) has brought a legal case against Hiscox for allegedly breaching data protection laws in a landmark suit that could see the insurer hit with unlimited fines.

John Hewitt Jones, 09 February 2018
AIG unveils Bermuda run-off unit in posting Q4 miss

AIG has formed a huge Bermuda-domiciled run-off vehicle called DSA Reinsurance Company (DSA Re) to house around 80 percent of the total life and P&C insurance reserves in its legacy division, backed by around $40bn of invested assets.

David Bull, 09 February 2018
Europe windstorms and US freeze cause $4bn in damage

Windstorms did over $3bn of economic damage in Europe last month while an historic deep freeze in the US coupled with winter storms exacted $1.1bn in costs, Aon Benfield Impact Forecasting unit said.

Anthony Baldo, 09 February 2018
Assurant tops Street estimates even as revenue slips

Assurant easily topped Wall Street estimates for its fourth-quarter earnings and said US tax reforms enacted in December inflated its net income by $177mn.

Ted Bunker, 09 February 2018
Aspen ‘very open minded’ on future: O’Kane

Aspen CEO Chris O'Kane has signalled he is open to all options, as the carrier, which is widely considered a likely M&A target , contemplates its future after a disastrous set of full-year results.

Bernard Goyder, 09 February 2018
Urban leaves CEO post at Grey Hawk program start-up

Former Third Point Re executive Tony Urban has left his position as CEO of Grey Hawk Insurance Company, as the US program start-up continues discussions with a new investor group ahead of a potential launch, The Insurance Insider can reveal.

David Bull, 09 February 2018
Tegan named chairman of Ascot MGA platform Ethos

Industry veteran Jerry Tegan has re-emerged in the market as executive chairman of Ascot's recently launched MGA platform Ethos Specialty Insurance Services (Ethos).

David Bull, 09 February 2018

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