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Pioneer launches US property E&S platform

London-headquartered MGA Pioneer Underwriters has launched a Georgia-based US property excess and surplus (E&S) division, led by David Phillips

Catrin Shi, 06 November 2017
Probitas hires Bale for retail push

Probitas Syndicate 1492 has hired Marcus Bale, the former active underwriter at defunct ProSight Specialty Syndicate 110, as head of strategy and development for its nascent retail business

Marcus Alcock, 06 November 2017
UK to create insurance framework for driverless cars: Grayling

The UK government plans to introduce legislation to cover the insurance implications of driverless cars in the current parliamentary session

Marcus Alcock, 06 November 2017
Opinion: Let the game begin

Tax reform in the US, as elsewhere, usually boils down to robbing Peter to pay Paul

Ted Bunker, 06 November 2017
Argo to consolidate reinsurance buying in 2018

Argo will look to combine its reinsurance programmes with those of Ariel Re in 2018, CEO Mark Watson has said.

Catrin Shi, 06 November 2017
Zurich makes property and energy hires in Singapore

Zurich has made two senior property and energy appointments to build out its Singapore commercial insurance hub.

Catrin Shi, 06 November 2017
Cyclone Debbie losses reach $1.2bn

Insurance losses for damage arising from Cyclone Debbie now stand at A$1.57bn ($1.2bn), according to the Insurance Council of Australia (ICA).

Catrin Shi, 06 November 2017
California approves first insurer for pot purveyors

California’s insurance regulator, flouting a common perception that it is illegal to insure marijuana businesses, yesterday approved the state’s first admitted carrier to write weed-related risks.

Dan Ascher, 04 November 2017
Berkshire Hathaway takes $3bn Q3 cat hit

Berkshire Hathaway included estimated pre-tax losses of $3bn for the trio of Q3 hurricanes and one of the Mexican earthquakes as it reported a pre-tax underwriting loss of $2.21bn in its (re)insurance operations.

David Bull, 04 November 2017
AIG may lose $7bn in tax deferrals under GOP reforms

Slashing the US corporate tax rate to 20 percent may cost AIG $7bn by devaluing its deferred tax assets, according to CFO Siddhartha Sankaran.

Ted Bunker, 04 November 2017

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