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Lonmar targets specie reinsurance with Ross hire

Lloyd's broker Lonmar Global Risks has hired fine art & specie veteran Charles Ross as an executive director in its Lonmart division as it looks to expand its reinsurance offering.

Marcus Alcock, 03 October 2017
Fears grow over Nagico financial strength

Concern is mounting in the market that Nagico, the dominant insurer in the Dutch Caribbean, will shoot through the top of its reinsurance programme after St Maarten was devastated by Hurricane Irma.

Adam McNestrie, 03 October 2017
Opinion: Lloyd’s expense base

Once again, there was little joy to be found in the headline numbers of Lloyd's first half results.

Catrin Shi, 03 October 2017
PCS puts initial Irma US claims toll at $18.0bn

Data provider Property Claim Services (PCS) has issued an initial estimate for Hurricane Irma insured losses in US territories of $18.03bn, The Insurance Insider has reported

Adam McNestrie, 03 October 2017
Workers’ comp profitability on the rise

A long-term decline in non-fatal workplace accidents and injuries combined with improving loss experience helped workers' compensation carriers to greater profitability last year as premiums climbed to a record $58.5bn

Dan Ascher, 03 October 2017
Pool Re revamps SME cover to increase penetration

Pool Re has rejigged its reinsurance offer for its members to help close a protection gap for political violence cover among small and medium-sized enterprises

Laura Board, 03 October 2017
Irma doubt drags on secondary cat bond market

Uncertainty over the cost of hurricanes Irma and Maria has put the brakes on the recovery of the secondary cat bond market, which had initially rebounded.

Lucy Jones, 03 October 2017
InsurTech accelerators in high demand: Celent

Competition among InsurTech start-ups to join so-called accelerators is keen, with 10 of the market's most high-profile firms receiving more than 8,500 applications to join their programmes, according to a report from Celent and Guy Carpenter

Charlie Thomas, 03 October 2017
Insurance stocks grow in Q3 despite mounting losses

(Re)insurance stocks climbed by 3.8 percent in the third quarter to hint at investor confidence in carrier balance sheets, despite an onslaught of natural catastrophes that threaten to wipe out the year's reinsurance premium intake.

Iulia Ciutina, 03 October 2017
Tokio Marine confirms HCC’s AIG medical acquisition

US specialty insurer HCC Insurance Holdings has confirmed plans to buy AIG's $350mn gross written premium (GWP) medical stop-loss business

Marcus Alcock, 03 October 2017

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