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Fairfax tests LatAm market with old AIG book

Fairfax put the Latin American reinsurance market to the test as it sought up to $200mn of cover for a number of businesses in the region that it acquired from AIG late last year, The Insurance Insider understands

Dan Ascher, 04 July 2017
Nephila's Velocity to carve out coastal risk from insurance giants

Nephila's property cat-focused MGA Velocity Risk Underwriters is working with some of the largest US personal lines carriers on an initiative that could see it write a significant portfolio of coastal exposure, The Insurance Insider can reveal.

David Bull, 04 July 2017
LMG offers site visits to explain its objectives

London Market Group (LMG) CEO Chris Beazley has offered to carry out on-site visits to London market practitioners to improve the sector's understanding of the trade body's goals

Charlie Thomas, 04 July 2017
Opinion: Hancock history

This morning, our cousins across the pond will wake up to celebrate their day of independence from these fair isles.

Charlie Thomas, 04 July 2017
Markerstudy discloses actions on £109mn capital shortfall

Gibraltar-based motor insurance specialist Markerstudy ran a £109.0mn ($141.2mn) solvency capital ratio (SCR) deficit in 2016, prompting the insurer to take action to cover the shortfall.

Matthew Neill, 04 July 2017
Insurers may face $6.8bn in crumbling cement claims

Homeowners’ insurers may face as much as $6.8bn in claims over failing foundations in Connecticut, where dozens of residents have joined a lawsuit seeking to force more than 100 carriers to cover the situation confronting as many as 34,000 property owners in the Nutmeg State.

Ted Bunker, 04 July 2017
Talbot loses head of treaty

Talbot's head of treaty John Cutts has left after well over a decade with the company, The Insurance Insider has learned

Bernard Goyder, 03 July 2017
Lloyd’s broker Servca expands into Canada

Lloyd's broker Servca is expanding into Canada in response to demand from regional brokers for direct access to the London liability insurance market.

Laura Board, 03 July 2017
Hailstorm Paul causes EUR400mn in insured losses: MSK

German actuarial firm Meyerthole Siems Kohlruss (MSK) has estimated insured damaged from hailstorm Paul at EUR400mn ($454.7mn).

Charlie Thomas, 03 July 2017
AM Best revises Hyundai Marine & Fire outlook to negative

AM Best has revised the outlook of Hyundai Marine & Fire (HMF) to negative from stable, while affirming the carrier's financial strength rating of A (excellent) and long-term issuer credit rating of a.

Laura Board, 03 July 2017

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