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AM Best reviews major carriers for possible upgrades

Allstate, Hannover Re, Munich Re and Swiss Re may receive rating upgrades from AM Best, which placed the four carriers and a variety of operating units under review today with positive implications.

Ted Bunker, 13 October 2017
Opinion: Vehicles of hate

For a sickening moment last Saturday afternoon it looked like another one

Laura Board, 13 October 2017
Allied World to join insurance segments under Iglesias

Allied World is set to merge two of its three operating segments to create a single global insurance business under the leadership of current North American insurance head Lou Iglesias, The Insurance Insider can reveal

Adam McNestrie, 13 October 2017
California wine country fire toll escalates

The wildfires in California’s wine country levelled more homes and businesses Friday and as investigators began to look into whether a downed power line might have been to blame, Pacific Gas and Electric Company (PG&E) said it has about $800mn in liability cover for such events.

Ted Bunker, 13 October 2017
House vote sends $16bn NFIP debt relief bill to Senate

A $36.5bn disaster relief package that includes a measure to erase more than half of the debt burdening the National Flood Insurance Program (NFIP) took a major step toward final passage yesterday.

Ted Bunker, 13 October 2017
Lloyd’s insurers pay out $738mn in HIM claims

The Lloyd's market has now paid out $738mn in claims from hurricanes Harvey, Irma and Maria, the Corporation said.

Bernard Goyder, 13 October 2017
LMA calls for clarity on Ogden review timing

The Lloyd's Market Association (LMA) said the government should specify when changes to the Ogden discount rate will kick in after it concludes the regular reviews proposed under pending legislation

Laura Board, 13 October 2017
Suncorp trims management roster as Day departs

Suncorp has named Gary Dransfield as its new head of insurance among a series of management changes at the Australian financial services group.

Laura Board, 12 October 2017
BPL Global forges New York joint venture with EIA

Political risk insurance broker BPL Global has signed a joined venture with EIA Global to set up a business in New York.

Bernard Goyder, 12 October 2017
PCS issues initial Maria claims number of $21.9bn

Data provider Property Claim Services (PCS) has issued an initial estimate for Hurricane Maria of $21.89bn for US territories, The Insurance Insider understands

Adam McNestrie, 12 October 2017

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