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Axis to exit two lines of business written out of London
Axis has decided to cease writing international onshore energy and US excess casualty business out of its London offices, The Insurance Insider can reveal.
Charlie Thomas
,
16 November 2017
Cathedral Syndicate 2010 forgoes 2018 pre-emption
Lancashire's Cathedral Syndicate 2010 will not apply for a pre-emption for 2018 as it believes its current stamp of £306mn ($402mn) is sufficient, amid uncertainty over a market turn.
Catrin Shi
,
16 November 2017
NFIP issues reinsurance renewal tender
The National Flood Insurance Program (NFIP) has issued a procurement notice that it is renewing its reinsurance coverage
Bernard Goyder
,
16 November 2017
Opinion: cat complacency
First came the fear, then the relief and then, arguably, a creeping complacency
Laura Board
,
16 November 2017
CNA promotes Miralles to succeed Verheyen as CRO
CNA Financial has elevated long-term care business leader Al Miralles to the role of chief risk officer to replace Mark Verheyen, effective 1 January.
Ted Bunker
,
16 November 2017
Storm Xavier to cost carriers EUR291mn: Perils
Extratropical cyclone Xavier is expected to cause EUR291mn (343mn) in property damage, according to an initial loss estimate by catastrophe data aggregator Perils.
Bernard Goyder
,
16 November 2017
Reinsurer profits may fall to 6-year low: AM Best
Reinsurer profitability may drop to a six-year low because of the spate of catastrophes in the third quarter and it could take years for some to recoup lost profit, AM Best said today.
Ted Bunker
,
16 November 2017
Vault officially opens its doors in Florida
High net worth (HNW) start-up Vault officially opened for business in Florida this week.
David Bull
,
16 November 2017
Fema hires Milliman to help redesign NFIP
Coverage provided through the beleaguered National Flood Insurance Program (NFIP) will be revamped with the help of actuarial consulting firm Milliman, under a contract announced today.
Ted Bunker
,
16 November 2017
Barbican launches US E&S property MGA led by Mayo
Barbican has launched a new US MGA writing E&S property cover with former Ariel Specialty executive Colin Mayo at the helm, in a move first revealed by The Insurance Insider two months ago.
David Bull
,
15 November 2017
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