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ABI urges retaining a revised Solvency II post-Brexit

Retaining a refined version of the Solvency II regulatory structure would make more sense than starting from scratch to build an entirely new set of rules to govern UK insurers post-Brexit, the Association of British Insurers (ABI) said today.

Ted Bunker, 18 November 2016
Hurricane Matthew drives Allstate October cat losses

US insurance giant Allstate has announced pre-tax catastrophe losses of $199mn for October 2016.

Ted Bunker, 17 November 2016
Alleghany forecasts sub-$75mn Matthew loss

TransRe's parent company Alleghany has estimated its exposure to Hurricane Matthew at less than $75mn, it announced today.

Adam McNestrie, 17 November 2016
Trubshaw leads survey of top London underwriters

Managing Agency Partners active underwriter and property specialist Richard Trubshaw has topped a poll of London's leading underwriters.

Matthew Neill, 17 November 2016
PwC applies for Gable winding up order

PwC Switzerland, the special administrator of beleaguered Liechtenstein carrier Gable Insurance (GIAG), has filed an application to the courts seeking a winding up order for the company.

Matthew Neill, 17 November 2016
Expense savings key lever for Zurich strategy

Eight months after taking up the role, Zurich CEO Mario Greco has unveiled his strategy to turnaround the stuttering insurer, with expense reduction set to be the key driver of return on equity expansion.

Adam McNestrie, 17 November 2016
Neon strikes Italian med-mal legacy deal with Enstar

Lloyd's (re)insurer Neon has inked a deal with Enstar's Shelbourne vehicle to reinsure-to-close the 2007 open year that is home to its toxic Italian medical malpractice book.

Adam McNestrie, 17 November 2016
Kubursi resurfaces at The Hartford after departing CNA

Ziad Kubursi, who stepped down from CNA unexpectedly several weeks ago, has re-emerged as head of The Hartford’s financial institutions division, The Insurance Insider can reveal.

Dan Ascher, 17 November 2016
XL Catlin names Zurich’s Huber to lead claims unit

XL Catlin has appointed Barry Huber to head up the claims unit at its global political risk and trade credit division, the carrier announced today.

Dan Ascher, 16 November 2016
Silicon Valley remains threat to industry: Fairfield

Exin CEO Matt Fairfield has warned against complacency over the future role of technology firms such as Google in the insurance sector, despite the perceived reluctance of such companies to enter the industry.

Matthew Neill, 16 November 2016

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