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IAG estimates Debbie loss at A$140mn
Insurance Australia Group (IAG) has said Cyclone Debbie will cost the group A$140mn ($106mn) in net natural peril losses, as claims come in from the storm-battered coasts of Queensland and Northern New South Wales.
Bernard Goyder
,
05 April 2017
Validus CRS deal gets AM Best nod of affirmation
Validus Holdings’ (re)insurance units had their A financial strength ratings (FSR) affirmed by AM Best while the ratings company raised its outlook to positive on the long-term issuer credit rating (ICR) of a for the Bermudian’s Validus Reinsurance (Switzerland) Ltd unit.
Ted Bunker
,
05 April 2017
Stephen Catlin to retire from XL Group
Stephen Catlin is retiring from XL Group at the end of 2017, less than three years after the sale of the eponymous Lloyd's insurer he founded to its larger Bermudian rival.
David Bull
,
05 April 2017
PatNat sells HR Global to focus on insurance services
Patriot National sold Global HR Research yesterday for as much as $30mn to a unit of Dallas private-equity firm Renovo Capital, saying that divesting the company will let it narrow its business focus to providing workers compensation insurance services and technology.
Ted Bunker
,
04 April 2017
Fosun and Exin frontrunners in Ethniki process
Acquisitive Chinese financial conglomerate Fosun and Matt Fairfield start-up Exin are the two frontrunners in the bidding for Greek state carrier Ethniki, The Insurance Insider understands
Adam McNestrie
,
04 April 2017
Aon Risk Solutions names Meyrick marine specialty CEO
Aon Risk Solutions has hired XL Catlin's Lee Meyrick as global marine specialty CEO, it announced today
Catrin Shi
,
04 April 2017
The Insider 50
Share price data on The Insurance Insider's universe of P&C (re)insurers
04 April 2017
Floridians tap up cat bond market
Two Florida insurers have joined a number of carriers seeking cover from the cat bond market in the run-up to the hurricane season, sister publication Trading Risk reported last week
Fiona Robertson
,
04 April 2017
Munich Re cedant for $200mn Leo Re vehicle
Munich Re is managing $200mn of funds allocated to the Leo Re vehicle by Dutch pension fund service provider PGGM, sources told sister publication Trading Risk
Fiona Robertson
,
04 April 2017
Insider 50 depreciates in March
The Insurance Insider's aggregate of P&C (re)insurers, The Insider 50, fell into the red last month as the market continued to digest annual results.
Iulia Ciutina
,
04 April 2017
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