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Alternative capital down $7bn post-HIM: Aon Benfield

Alternative capital dropped $7bn at the end of September following the HIM losses, Aon Benfield has said in its latest Reinsurance Market Outlook.

Adam McNestrie, 09 January 2018
Fidelis promotes Coulson to UK CUO

Fidelis has promoted Richard Coulson to chief underwriting officer of UK arm Fidelis Underwriting Limited (FUL) with immediate effect.

Catrin Shi, 09 January 2018
Major risk loss feared following East China Sea collision

Steamship Mutual, Korean insurer Hanwha, and PICC all lead covers that have exposure to the major shipping accident at the weekend involving the Iranian oil tanker The Sanchi, The Insurance Insider understands.

Adam McNestrie, 09 January 2018
SpaceX spy satellite thought to be total loss: reports

A US spy satellite that reportedly failed to reach orbit appears to be a total loss, according to news outlets including The Wall Street Journal and the Financial Times

Bernard Goyder, 09 January 2018
Opinion: Siren song of Amazon’s Alexa

Amazon.com, the internet giant that began by demolishing your favourite bookshop before turning American shopping malls into vacant hangars, may at last be poised to plunge into the property and casualty insurance business

Ted Bunker, 09 January 2018
NatGen slates DTA Q4 write-down of up to $30mn

National General joined the lengthening list of insurers planning to reduce the value of their deferred tax assets (DTAs) in the just-ended quarter because of the corporate tax cut signed into law on 22 December.

Ted Bunker, 09 January 2018
The Hartford pegs tax reform DTA write-down at $850mn

The Hartford estimates the US corporate tax cut will force it to reduce the value of its net deferred tax assets by $850mn.

Iulia Ciutina, 09 January 2018
1.1 price rises to be short-lived: Aon Benfield

While prices rose on some reinsurance renewals in lines and areas where recent losses were heaviest, Aon Benfield predicts in a new report that they will fade as fresh capital emerges in the market.

Ted Bunker, 09 January 2018
Irma insured losses rise to $7.2bn in Florida

Insured Irma-related hurricane damage in Florida has climbed to over $7bn, the state Office of Insurance Regulation said today.

Ted Bunker, 09 January 2018
CNA boosts FI team with Goesel

CNA has made Carrie Goesel vice president of financial institutions underwriting, making her the latest former Chubb executive to join the Chicago-based commercial insurer.

Anthony Baldo, 08 January 2018

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