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Aon Benfield UK chairman Ledger to retire
David Ledger is retiring from Aon, the broking house has confirmed.
Bernard Goyder
,
07 February 2018
Frenchman’s Reef hotel threatens $200mn+ property loss
Property underwriters are facing the possibility of another full-limit loss in the Caribbean as a claim for damage to the Frenchman's Reef beach resort rises into the hundreds of millions of dollars, The Insurance Insider can reveal.
David Bull
,
07 February 2018
AM Best downgrades CBL after reserving issues
AM Best has downgraded the financial strength rating of CBL Corporation to B++ from A-, after the New Zealand carrier's operating performance was impacted by a NZ$100mn ($72.9mn) reserve charge.
Bernard Goyder
,
07 February 2018
Attwood takes active underwriter job at GIC’s Syndicate 1947
Neil Attwood has been appointed active underwriter of GIC Re's Lloyd's start-up, The Insurance Insider understands.
Adam McNestrie
,
07 February 2018
Exin CEO Fairfield fights for Ethniki deal despite lawsuit
Exin CEO Matt Fairfield has vowed his firm will continue to pursue its planned EUR718mn ($889mn) buy-in to Greek insurer Ethniki, despite a $41mn lawsuit from its former cornerstone backer which has left the future funding of the start-up uncertain.
Catrin Shi
,
07 February 2018
James River shares climb on SmallCap index addition
James River shares jumped as much as 9.5 percent in New York trading today after S&P Global said it would add the stock to its S&P SmallCap600 index.
Ted Bunker
,
07 February 2018
Property insurers face confusion around Californian mudslides
A ramping up of rhetoric from the local regulator, pending lawsuits and prospective legislation are combining to complicate the question of which firms will pay claims related to December's Californian mudslides.
Charlie Thomas
,
07 February 2018
PCS Irma number yo-yos as creep returns
PCS raised its loss number for Hurricane Irma to $17.2bn in a 30 January update, two months after lowering its initial figure by $3.0bn to $15.0bn.
David Bull
,
07 February 2018
XL shares rise over 12% on Allianz M&A report
XL Group shares jumped 12.5 percent today after a Bloomberg report pegged the Bermuda-based (re)insurer as drawing takeover interest from Allianz SE and possibly others.
Anthony Baldo
,
07 February 2018
Munich Re's Wenning mulls job cuts: Reports
Munich Re reportedly plans to start cutting back its employment roster to boost efficiency and improve profitability in its core reinsurance operations, with reductions planned in the US as well as Munich headquarters.
Ted Bunker
,
07 February 2018
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