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AIG Japan to merge two local units

AIG Japan said it will consolidate two wholly owned subsidiaries into a single company by next January.

Bernard Goyder, 14 February 2017
Palomar enters private flood market in California

Palomar Specialty became the first admitted carrier to launch a standalone residential flood insurance cover in California, offering a supplement to the US government’s National Flood Insurance Program (NFIP)

Ted Bunker, 14 February 2017
NY cyber security rules pose added D&O risk: Fitch

Forthcoming cyber security regulations from New York state’s Department of Financial Services may heighten the stakes for D&O coverage providers while potentially spurring demand for insurance against cyber risk for banks and other institutions, according to Fitch Ratings.

Ted Bunker, 14 February 2017
AIG to unveil ‘critical’ Q4 results

AIG is expected to address key questions from investors, analysts and ratings agencies when it reports fourth quarter results tomorrow, followed by its earnings conference call on Wednesday morning.

Ted Bunker, 14 February 2017
Argo beats consensus despite cats lowering Q4 profit

Argo Group International became the latest Bermudian to beat Wall Street forecasts despite a dip in fourth-quarter profit that included a cat-driven underwriting loss at its Lloyd’s platform.

David Bull, 14 February 2017
Arch Capital Q4 profit easily tops Street estimates

Arch Capital Group breezed past Wall Street estimates by posting a fourth quarter profit of $1.13 a share.

Ted Bunker, 14 February 2017
Evacuation ordered in California below Oroville Dam

Thousands of Californians fled the area around Oroville because of the threat of flash flooding yesterday after a gaping fissure opened in the spillway above the city on the Feather River.

Ted Bunker, 13 February 2017
StarStone hires global crisis chief from Sompo Canopius

StarStone has hired Simon Low, group head of political risk and crisis management at Sompo Canopius, to oversee its political violence and political risk books, The Insurance Insider can reveal

Bernard Goyder, 13 February 2017
OIL pulls Gulf of Mexico wind offering

Bermudian specialist energy carrier Oil Insurance Ltd (OIL) has ceased offering offshore Gulf of Mexico (GoM) designated named windstorm coverage

Matthew Neill, 13 February 2017
New South Wales hit by bushfires

The state of New South Wales in Australia has been struck by a swath of bushfires that have destroyed at least 30 homes, according to media reports

Bernard Goyder, 13 February 2017

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