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IQ Spring 2017

When I first visited Germany I was amazed by the extraordinary phenomenon of being apologised to for the Second World War.

Mark Geoghegan, 28 March 2017
Covered Agreement remains uncompleted in Washington

The "Covered Agreement" negotiated by American and European Union regulators to govern insurer and reinsurer operations in both markets got no overt support from a US Treasury official in a recent letter to a key congressman.

Ted Bunker, 28 March 2017
K2 launches affinity venture with Star & Shield buy

K2 Insurance Services plans to step out of its wholesale space and develop a national retail programme for first-responders built on a model created by Star & Shield Insurance, which it has acquired.

Ted Bunker, 28 March 2017
Risk Strategies buys Terrell agency in Dallas

Risk Strategies acquired Terrell Insurance Services to beef up its Dallas operations, less than a year after entering the Texas market.

Ted Bunker, 28 March 2017
Insurers brace for more Texas hail losses

Insurers face the prospect of another round of hailstorm loses after severe weather pummelled parts of Texas, Arkansas and Oklahoma over the past weekend, with more forecast to come this week.

Ted Bunker, 27 March 2017
LeStrange steps down as Orchid chairman

Founding Endurance CEO Ken LeStrange has retired as chairman of US coastal wind-focused MGA Orchid Underwriters, the company said today.

David Bull, 27 March 2017
ProSight pivots from group auction to Lloyd’s sale

ProSight's board has called off efforts to auction the group and has instead appointed a bank to sell off its Lloyd's arm, The Insurance Insider can reveal.

Adam McNestrie, 27 March 2017
OIL falls to $62mn underwriting loss

Bermudian specialist energy mutual Oil Industry Limited (OIL) reported a $62mn underwriting loss in its 2016 results

Bernard Goyder, 27 March 2017
Suncorp says reinsurers will bear Cyclone Debbie claims

Suncorp has said its reinsurance should cover any claims resulting from Cyclone Debbie, which is expected to land in Queensland on Tuesday (28 March) as a major storm.

Lucy Jones, 27 March 2017
PPL warns of delay to system improvement

Placing Platform Limited (PPL), the pan-London insurance exchange, has delayed the introduction of an eagerly awaited system upgrade

Bernard Goyder, 27 March 2017

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