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UIB names Gribben as finance director

United Insurance Brokers (UIB) has appointed Keith Gribben as group financial director (FD) with immediate effect.

Charlie Thomas, 22 September 2017
Maria re-strengthens to Cat 3 as it veers towards Bahamas

Hurricane Maria has returned to a Category 3 strength after briefly weakening to a Category 2 storm yesterday, as it continues its path towards the southeastern Bahamas.

Charlie Thomas, 22 September 2017
ZhongAn raises $1.5bn in Hong Kong IPO

Chinese online-only P&C insurer ZhongAn managed to price its initial public offering (IPO) at the top of its indicated range, raising $1.5bn, according to Thomson Reuters' IFR magazine.

Adam McNestrie, 22 September 2017
AIG SIFI status may be ended

AIG may be released from federal oversight as a systemically important financial institution (SIFI) at a meeting of the regulatory body in charge of making such designations tomorrow.

Ted Bunker, 22 September 2017
PCS issues initial Harvey loss toll of $15.9bn

Data provider Property Claims Service (PCS) has pegged the insured industry loss from August's Hurricane Harvey at $15.9bn, The Insurance Insider understands.

Adam McNestrie, 22 September 2017
Allstate Harvey hit points to $4.5bn personal lines loss: CS

Industry insured auto and homeowners' losses from Hurricane Harvey may amount to only around $4.5bn, Credit Suisse analysts said today, extrapolating from loss estimates released by Allstate.

Ted Bunker, 22 September 2017
Third Point Re jumps after S&P Small Cap inclusion

Total return reinsurer Third Point Re surged over 11 percent in early New York trading after Standard & Poor’s added the Bermudian to its Small Cap 600 index.

Ted Bunker, 21 September 2017
AFL hires Stagg to run InsurTech platform

Independent intermediary AFL has recruited an RK Harrison broker to run an insurance technology incubator, according to the company.

Bernard Goyder, 21 September 2017
Maria causes devastating floods in Puerto Rico

Hurricane Maria's 70-mile trail across Puerto Rico triggered devastating floods, as some rivers rose 20 feet or more in a matter of hours.

Ted Bunker, 21 September 2017
Pioneer gains in-principle approval for Lloyd’s syndicate

Pioneer Underwriters has secured preliminary approval from Lloyd's Franchise Board to establish a full syndicate, with Asta acting as its third-party managing agent

Laura Board, 21 September 2017

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