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Navigators names financial lines head for LatAm and Caribbean
Navigators has recruited a financial and professional lines underwriter from Everest Re, as it bolsters its presence in Latin America and the Caribbean.
Bernard Goyder
,
19 September 2017
Maria strengthens to Category 5
Hurricane Maria has strengthened to a Category 5 hurricane and ploughed into Dominica, as parts of the Caribbean prepares for the region's second devastating storm in as many weeks.
Bernard Goyder
,
19 September 2017
Sirius credit eyed in light of Phoenix deal: AM Best
Sirius International’s credit profile may take a hit if it succeeds in acquiring The Phoenix insurance holdings of Israeli conglomerate Delek Group, AM Best said today, noting the effects the transaction may have on the financial flexibility of Sirius parent China Minsheng Investment Group.
Ted Bunker
,
19 September 2017
Tim Byrne Sr departs Orchid MGA
Former Coastal Agents Alliance president Tim Byrne Sr is leaving specialty MGA Orchid Underwriters.
Ted Bunker
,
19 September 2017
Maria’s approach spurs drop in Florida insurers
Florida-focused insurers fell today in New York trading, led by Universal, while some publicly traded reinsurers also dropped ahead of Hurricane Maria’s anticipated blow against Caribbean islands laid waste barely a week earlier by Irma.
Ted Bunker
,
19 September 2017
Irma claims reach $1.95bn in Florida
Almost $2bn in claims tied to Hurricane Irma have been received by insurers in Florida, the state industry regulator said today.
Fiona Robertson
,
18 September 2017
PPL facilities update pushed back again
The introduction of a long-awaited update to the risk placing platform at the heart of the London market reform programme has been delayed by a nearly a month, a spokesperson from Placing Platform Limited (PPL) has said.
Bernard Goyder
,
18 September 2017
HCI anticipates $100mn-$300mn gross Irma loss
HCI said its main operating subsidiary, Homeowners Choice Property & Casualty Insurance Company, expects a loss from Hurricane Irma of $100mn to $300mn, which will fall mainly on its reinsurers.
Laura Board
,
18 September 2017
Former Hiscox active underwriter returns with start-up
Russell Merrett, the former chief underwriting officer at Hiscox's reinsurance arm, is one of the founding investors of new InsurTech insurance platform Kinsu
Charlie Thomas
,
18 September 2017
Turkish storm insured losses reach $300mn: PCS
Insured losses from two Turkish hailstorm and flooding events in July have hit $300mn, according to an estimate from Property Claim Services (PCS).
Bernard Goyder
,
18 September 2017
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