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Dual renews £300mn financial lines binder

Hyperion's managing general agent (MGA) arm Dual has renewed the cornerstone capacity on its £300mn ($370.5mn) international financial lines binder with an unchanged panel, The Insurance Insider understands.

Adam McNestrie, 07 February 2017
Half of businesses unprepared for cyber attack: Hiscox

More than half of businesses in the UK, US and Germany are ill-prepared to deal with cyber attacks, according to Hiscox.

Matthew Neill, 07 February 2017
Pool Re flags political violence protection gap

Pool Re has warned of coverage gaps in both political violence and cyber insurance as it pledged to quantify the gulf between economic and insured losses after recent European terrorist attacks.

Laura Board, 07 February 2017
Hannover Re and Talanx to exceed 2016 profit targets

German reinsurer Hannover Re said full-year 2016 net profit edged up to EUR1.17bn ($1.26bn) from EUR1.15bn the previous year, well above its target of at least EUR950mn.

Laura Board, 07 February 2017
Q4 claims hit Munich Re profits

Munich Re has reported profits of EUR500mn ($537.8mn) in the fourth quarter as the German reinsurance giant was hit with close to EUR600mn of claims.

Matthew Neill, 07 February 2017
BP Marsh sets sights on America with higher funding cap

Insurance-sector private equity investor BP Marsh is raising its limit on first-round funding to £5mn ($6.25mn) from £3mn following the sale of a stake in Besso last month and its Hyperion exit last year.

Ted Bunker, 07 February 2017
Demotech warns of Florida downgrades and suspends ratings guidance

A clutch of Florida homeowners insurers face a race to raise capital by the end of the month to avert a ratings downgrade from Demotech.

David Bull, 07 February 2017
Everest clubs Q4 estimates aided by reserve releases

Everest Re recorded after-tax operating income of $363.4mn for the fourth quarter, up just under 3 percent on the prior-year period, enabling the Bermudian reinsurer to notch a notable earnings beat.

Dan Ascher, 07 February 2017
Hamilton-AIG venture Attune picks Hobson as new CEO

James Hobson, COO of small business online lender OnDeck, has been named CEO of Attune, the web-based insurance platform created by Hamilton Insurance Group, AIG and fund manager Two Sigma to serve the small to medium-sized (SME) enterprise market.

Ted Bunker, 06 February 2017
Sompo Canopius to enter trade credit with AIG hires

Specialty (re)insurer Sompo Canopius has hired a pair of trade credit insurance underwriters from AIG, The Insurance Insider understands.

Adam McNestrie, 06 February 2017

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