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Kaikoura quake claims reach $1.4bn

New Zealand-based insurers have paid out more than NZ$522mn ($385mn) in claims related to the Kaikoura earthquake in November, according to the Insurance Council of New Zealand

Catrin Shi, 21 July 2017
Opinion: Travelers the bellwether

US insurance giant Travelers is regarded as a bellwether for the American insurance sector, not only because of its wide-ranging reach, but also because it is one of the first to report every earnings season

Catrin Shi, 21 July 2017
Beazley H1 profit grows on investment income

Beazley today reported a 6 percent increase in first-half pre-tax profit of $158.7mn, as a result of a higher investment income combined with a stable underwriting result.

Catrin Shi, 21 July 2017
Arch joins Plug and Play InsurTech startup platform

Arch has extended its reach into the world of InsurTech by becoming a member of the Plug and Play platform devoted to startups targeting the sector.

Ted Bunker, 21 July 2017
Markel hires Ironshore’s Ferguson for New York team

Markel has taken on Ironshore’s John Ferguson to become retail construction lead in its New York-based US excess casualty team.

Dan Ascher, 21 July 2017
Chubb’s McLaughlin succeeds Radzinski in NA commercial

Chubb has promoted Michelle McLaughlin to take over from Edward Radzinski, who is retiring as executive vice president and property manager for its North American commercial insurance division after 39 years with the company.

Dan Ascher, 21 July 2017
NFIP bill before US House wins realty industry backing

A Republican plan to revamp the US National Flood Insurance Program, or NFIP, gained some momentum today with an endorsement from the National Association of Realtors, a group that represents more than 1mn property agents and others who work in the real estate industry.

Ted Bunker, 21 July 2017
Final London ILS framework plan lands in Parliament

The UK government has today released final regulations that will introduce a local insurance-linked securities (ILS) framework, taking a major step toward having a hub for the business up and running by January.

Fiona Robertson, 20 July 2017
Allstate takes $993mn in pre-tax Q2 cat losses

Allstate today estimated a second quarter cat loss tally that overshot analysts' expectations after the carrier experienced 17 events in the final month of the quarter

Laura Board, 20 July 2017
D&O veteran Elms departs XL Catlin

Julian Elms, a veteran of directors' and officers' (D&O) underwriting, is leaving XL Catlin after 13 years, The Insurance Insider can reveal

Charlie Thomas, 20 July 2017

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