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Carriers brace for NZ Debbie losses

New Zealand's North Island is beginning to tally the damage from Cyclone Debbie, with (re)insurers likely to suffer substantial losses from widespread flooding across the area.

Matthew Neill, 07 April 2017
Berkshire unit sues Goodyear on legacy asbestos claims

Berkshire Hathaway’s specialty carrier has sued Goodyear Tire & Rubber over thousands of legacy asbestos claims, asserting that the manufacturer waited for seven years before disclosing them to the insurer.

Ted Bunker, 07 April 2017
CSU and TSR predict below-average Atlantic hurricane season

Colorado State University (CSU) and Tropical Storm Risk (TSR) have both put out forecasts predicting below-average activity in the 2017 Atlantic hurricane season.

David Bull, 06 April 2017
USI snaps up Cameron M Harris

Expansive retail intermediary giant USI has bought Charlotte-based broker Cameron M Harris & Co (CMH) as it looks to build its middle market presence in the Carolinas.

David Bull, 06 April 2017
Terrorism risk climbs in US and worldwide: Aon

Terrorist attacks in the US rose to their highest number in a decade last year amid a sharp increase in such incidents targeting Western countries, a new report shows.

Ted Bunker, 06 April 2017
Fosun buys into China’s Fanhua distribution network

Fosun’s industrial unit has invested about $29.2mn in China financial services provider Fanhua to build demand for Fosun insurance products in its home country

Ted Bunker, 06 April 2017
Markel takes full ownership of Canada’s Allsport MGA

Markel’s Canadian subsidiary has taken over full ownership of managing general agency Allsport from its joint venture partner Sports BC Insurance to expand its presence in the market for sports accident and liability insurance.

Bernard Goyder, 06 April 2017
JLT Specialty USA builds real estate team

JLT Specialty USA has hired Gavin Shiels as senior vice president in its real estate practice, the company announced today

Catrin Shi, 06 April 2017
Profits down 85% at Sompo Canopius syndicate

Profits fell by 85 percent to £8.2mn ($10.2mn) at Sompo Canopius' Syndicate 4444 for the 2016 calendar year, as a tripling of the investment result failed to offset deteriorating underwriting performance.

Bernard Goyder, 06 April 2017
Trov closes $45mn Munich Re-led Series D funding

California-based InsurTech start-up Trov has announced a $45mn Series D funding round led by Munich Re's HSB Ventures arm

Matthew Neill, 06 April 2017

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