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Gable lands in administration under Liechtenstein orders

Gable Insurance AG (GIAG) went into administration today as financial regulators in Liechtenstein placed the ailing insurer's operations into the hands of PricewaterhouseCoopers’ Swiss branch.

Ted Bunker, 12 October 2016
Ex-Aon Benfield China CEO planning $500mn start-up

Former Aon Benfield Greater China CEO Steve Warwick is looking to establish a new reinsurer in Hong Kong with support from Chinese investment group First Seafront Financial, The Insurance Insider can reveal

Charlie Thomas, 12 October 2016
Lemonade hires Liberty Mutual exec as CUO

Former Liberty Mutual executive John Peters has joined Lloyd's-backed peer-to-peer insurer Lemonade as its chief underwriting officer (CUO), and described the technology-driven enterprise as "the place to lead transformational change"

Winifred Okocha, 12 October 2016
Homeowners Choice pegs Matthew losses at just $50mn

Homeowners Choice P&C Insurance, a subsidiary of listed Floridian firm HCI, has said that it expects gross losses of less than $50mn from Hurricane Matthew

Fiona Robertson, 12 October 2016
KCC forecasts $7bn US insured Matthew losses

US insurers will pay $6.95bn to cover damage from Hurricane Matthew, which battered Caribbean islands and the southeastern US last week, according to Karen Clark & Co

Winifred Okocha, 12 October 2016
Marsh hires CEO for its tech services platform

Marsh has appointed Rich Drab as CEO of Dovetail Insurance, the broker's insurance technology services business

Winifred Okocha, 12 October 2016
China floods insured loss $600mn: Aon Benfield

Insured losses from floods in north and central China this summer are likely to reach 4bn yuan ($596mn), according to Aon Benfield

12 October 2016
CSC launches slew of London market tech products

US-based technology firm CSC has launched a suite of London market products that could work as part of the Target Operating Model (Tom) at a later stage, CSC general manager Patrick Molineux has said

Catrin Shi, 12 October 2016
Early Florida loss numbers imply low reinsured Matthew loss

Preliminary loss estimates for Hurricane Matthew from two Floridian insurers suggest that total insured losses in the Sunshine State could be comfortably below $5bn, as the impact of the storm continues to fall on the low side

Fiona Robertson, 12 October 2016
Inside FAC Monte Carlo Roundtable 2016

I've been involved in a fair few (re)insurance-related debates over the years, and I've no hesitation in saying that this was one of the liveliest, with some strident views and intelligent commentary on where the fac market is headed

12 October 2016

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