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Macia returns to AIG fold from Hamilton

Seraina Macia, one of AIG CEO Brian Duperreault's key lieutenants at Hamilton, has returned to AIG after leaving the firm as part of a management purge by former CEO Peter Hancock.

Bernard Goyder, 13 July 2017
Enterprise, Gable collapse pushes FSCS bill to £375mn

The Financial Services Compensation Scheme (FSCS) paid out £50mn ($64.3mn) in compensation in its last financial year to customers of Enterprise Insurance and Gable Insurance.

Laura Board, 13 July 2017
Opinion: Societal progress

It was one of those smash-your-face-into-your-keyboard moments.

Charlie Thomas, 13 July 2017
Hiscox recruits professional lines duo

London-listed (re)insurer Hiscox has hired professional lines underwriters from XL Group and Travelers, as it expands its US engineering and professional liability teams.

Bernard Goyder, 13 July 2017
Africa Re rating on negative review: AM Best

AM Best raised concerns about the capital structure of Africa Re, the continent's largest reinsurer as it put the company's financial strength rating under review with negative implications.

Bernard Goyder, 13 July 2017
Horace Mann sees Q2 pre-tax cat losses of up to $34mn

Property and casualty insurer Horace Mann Educators shares fell almost 3 percent today after the carrier said late Tuesday that it expects to report pre-tax catastrophe losses of $31mn to $34mn for the second quarter.

Ted Bunker, 13 July 2017
Chubb’s Bertossi replaces Bonneau as underwriting head

Chubb has named former Ace executive Ross Bertossi to succeed Jacques Bonneau as vice president of global underwriting.

Ted Bunker, 13 July 2017
Ping An fund targets US firms in technology hunt

The head of Chinese insurer Ping An’s $1bn Global Voyager investment fund plans to acquire technology and related knowledge to benefit its mainland business by deploying its assets in the US, Israel and Singapore, according to a report from Hong Kong.

Matthew Neill, 13 July 2017
Workers' comp margins may evaporate by 2018: Moody’s

Underwriting profit in the workers’ compensation market is likely to disappear next year amid increasing competition and rate pressure that has pushed prices below loss cost trends, Moody’s Investors Service said in a report released today.

Ted Bunker, 13 July 2017
Generali explores EUR44bn German life book sale: report

Italian carrier Generali is gearing up sell its EUR44bn ($50bn) German life book, Reuters reported, citing sources close to the matter.

Matthew Neill, 12 July 2017

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