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Ex-Aspen Insurance COO joins Volante

Ann Haugh, former chief operating officer of Aspen Insurance, has joined Volante Global, the MGA start-up led by ex-Dual CEO Talbir Bains, The Insurance Insider can reveal

Adam McNestrie, 25 October 2017
Reinsurers begin fight for rate rises in Baden-Baden

Reinsurance buyers at Baden-Baden have conceded that they will not be able to achieve European property cat rate reductions at 1 January

Catrin Shi, 25 October 2017
QBE Ventures makes first InsurTech investment with RiskGenius

QBE dipped into a $50mn venture investment fund to invest in RiskGenius, a developer of machine learning systems which the insurer expects to begin using in North America next year.

Ted Bunker, 25 October 2017
Epic buys $80mn NE broker Frenkel & Co

Expansive private equity-backed retail broker Epic has added significantly to its run-rate revenues with the acquisition of Frenkel & Company.

David Bull, 25 October 2017
Arch misses with $107mn loss in Q3

Arch Capital missed analyst expectations for the third quarter - posting a larger-than-expected $107.1mn after-tax operating loss - despite forecast catastrophe claims that fell within the expected range.

Dan Ascher, 25 October 2017
Markel falls to $328.1mn loss as cats erase gains

Markel posted a $328.1mn third-quarter operating loss as the (re)insurer’s combined ratio surged to 134 percent as pre-announced catastrophe losses of $503mn devoured the carrier’s profits.

Ted Bunker, 25 October 2017
Government-run workers’ comp bill dies in Illinois

Illinois lawmakers failed to override a veto that blocked a measure to create a state-run workers’ compensation insurer to compete with private carriers in the state.

Ted Bunker, 25 October 2017
FBD puts Ophelia net loss at $2.9mn

Irish insurance firm FBD has announced that its cost of claims from Storm Ophelia net of reinsurance would be EUR2.5mn ($2.9mn)

Bernard Goyder, 24 October 2017
Roberts to replace Holt as Beazley chairman

Former Axa CEO Dennis Holt is to step down as chairman of Beazley in the spring, the listed Lloyd's carrier announced this morning

Marcus Alcock, 24 October 2017
Q3 cat losses pressure 2017 earnings

With the third quarter earnings season around the corner, the market is waiting to see how much of a toll the recent hurricanes had on results, and what it is likely to mean for full-year earnings

Iulia Ciutina, 24 October 2017

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