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Debt levels may pinch P&C carriers in a downturn: Best

The level of debt P&C insurers hold against capital has stabilised after years of decline following the financial crisis, but still could put carriers in a bind should current economic and market trends encounter disruptions, a new study from AM Best asserts.

Dan Ascher, 04 March 2017
PartnerRe recruits Aon Benfield exec for LatAm head

PartnerRe has appointed Aon Benfield executive Humberto Cabrera as head of Latin America, according to a statement from the carrier today.

Bernard Goyder, 03 March 2017
Calamos Asset Management is Exin's core backer

Calamos Asset Management, the investment vehicle run by Greek-American billionaire John Calamos, is the cornerstone backer for Matt Fairfield's broad-based (re)insurance start-up Exin, The Insurance Insider understands.

Adam McNestrie, 03 March 2017
P&I Clubs face future stress: AM Best

The financial position of the International Group of protection and indemnity (P&I) clubs remains strong despite downward rate pressure caused by struggling fleet members and decreased investment income, according to AM Best

Matthew Neill, 03 March 2017
Marsh buys US broker Blakestad

Global broker Marsh has acquired Minnesota-headquartered private client and commercial lines insurance agency Blakestad for an undisclosed sum

Matthew Neill, 03 March 2017
Trio exits Sirius International property D&F team

Sirius International has terminated the contracts of three of its property direct and facultative (D&F) underwriters due to "fundamental differences" within the team, The Insurance Insider understands.

Catrin Shi, 03 March 2017
JC Flowers buys major MGA UK General

Private equity house JC Flowers has agreed to acquire Primary Group's personal lines managing general agency (MGA) UK General Insurance after a sale process that lasted almost two years

Bernard Goyder, 03 March 2017
Dale Underwriting posts profit in first YoA

Asta-managed Dale Underwriting Partners Syndicate 1729 has posted a profit of £450,000 ($550,143) in the operation's first year of account (YoA)

Matthew Neill, 03 March 2017
Bufkin leaving Hamilton amid US realignment

Barbara Bufkin has become the latest of Hamilton USA's start-up management team to leave the insurer as it continues to reposition itself under new CEO Seraina Macia, The Insurance Insider can reveal

David Bull, 03 March 2017
Opinion: Tom Jeffs incident

Ultimately, it seems that little tangible harm has been done by the Tom Jeffs affair

Adam McNestrie, 03 March 2017

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