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Heritage says southeast Florida exposure down $7bn

Heritage Insurance cut its exposure in three southeast Florida counties by $7bn in the 12 months to 30 June 2017, while multi-year cat bonds it bought will yield "impressive dividends" in the event of an Irma hit on the state.

Laura Board, 08 September 2017
Models drive ‘suicidal’ decision-making: Charman

John Charman, the CEO and chairman of Bermudian insurer Sompo International, has criticised the insurance industry for "blindly following models"

Bernard Goyder, 08 September 2017
Mayo to return with new Barbican vehicle

Excess and surplus lines (E&S) property specialist Colin Mayo is set to re-emerge in the market at a new US MGA vehicle being established by Barbican Insurance Group, The Insurance Insider can reveal

David Bull, 08 September 2017
ZhongAn cleared for $1bn+ Hong Kong IPO: Reuters

China's first internet-only P&C insurer, ZhongAn Online P&C Insurance, has reportedly secured Hong Kong Stock Exchange approval for an IPO

Charlie Thomas, 08 September 2017
Opinion: Discount dash

The UK government has defied the more pessimistic assumptions that it had kicked the Ogden reforms into the long grass following Prime Minister Theresa May's election own-goal

Laura Board, 08 September 2017
Lockton takes healthcare broker from Beecher Carlson

Independent broking house Lockton has recruited healthcare specialist Timothy Folk from rival Beecher Carlson

Dan Ascher, 08 September 2017
Guy Carpenter names Pacific CEO

Guy Carpenter has appointed Swiss Re's Andre Eisele to CEO of the Pacific region, while adding Heinrich Eder to the firm's advisory board for the region.

Catrin Shi, 08 September 2017
Magnitude 8 quake hits Mexico

A magnitude 8.1 earthquake has been reported off the southern coast of Mexico, triggering tsunami warnings for the region.

Catrin Shi, 08 September 2017
Lloyd’s Miami windstorm RDS sees $131bn insured loss

Lloyd's latest realistic disaster scenario (RDS) assumes a $131bn total insured loss from a Miami-Dade windstorm event, as Category 5 Hurricane Irma threatens to bear down on the Floridian county.

Catrin Shi, 08 September 2017
Irma beats up insurer shares as threat to Miami looms

Hurricane Irma’s destruction spread into equity markets again today as fears of the storm’s impact drove down insurance sector shares almost across the board in New York.

Ted Bunker, 08 September 2017

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