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Industry CEOs: No more excuses to stand in the way of reform

The insurance industry must stop seeking excuses for a lack of reform and improve its value proposition if it is to prosper and stay relevant in an age of radical technological change, prominent CEOs have agreed.

Mark Geoghegan, 08 December 2017
Personal lines profits survived 2017 cats: Moody’s

Primary insurers focused on US personal lines have weathered this year’s series of catastrophic events with minimal disruptions and most rated companies will report a profit for 2017, according to Moody’s Investors Service.

Ted Bunker, 08 December 2017
Clips Q3 survey shows prices stable for over 2 years

Commercial insurance prices remained flat overall in the third quarter, with an accelerating gain in auto rates the only major outlier to a moderating trend across most lines, data from Willis Towers Watson show.

Ted Bunker, 08 December 2017
Neon appoints head of pricing from Novae

Neon has hired Tim Overton from Novae to the newly created role of head of pricing.

Catrin Shi, 07 December 2017
Opinion: Part VII purgatory

Insurance policy transfer notifications must surely be the missive most likely to languish in the de facto in-tray under the fruit bowl

Laura Board, 07 December 2017
Wells Fargo warned over California insurance licences

California regulators have put Wells Fargo on notice that it may lose its insurance licences following an investigation that began last year into whistleblower allegations that bank representatives had improperly signed up customers for coverage they did not want

Ted Bunker, 07 December 2017
Acappella comes into line and looks for growth

Lloyd's insurer Acappella has found the capital to come into line with a significantly increased stamp for 2018, as the Pembroke-Willis Towers Watson joint venture prepares for a restructure that will see its broker backer benefit from the economics of a planned build-out of the MGA business.

Adam McNestrie, 07 December 2017
AIG leads $250mn-$350mn Sohar loss

AIG is the lead reinsurer on one of the largest losses in the Middle East this year, from an Omani aluminium factory that caught fire in August, The Insurance Insider can reveal

Bernard Goyder, 07 December 2017
Brit relocates Gibraltar reinsurance captive to Bermuda

Brit is to relocate its Gibraltar-based reinsurance operation to Bermuda.

John Hewitt Jones, 07 December 2017
XL Group pegs Q4 cat losses at $250mn

XL Group put its fourth quarter natural catastrophe losses to date at $250mn, the vast majority of which emanated from the California wildfires.

Laura Board, 07 December 2017

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