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Italy quake insured losses to be minor: AM Best

The earthquake that struck central Italy last week (24 August) is unlikely to have a large effect on the country's insurance industry, according to AM Best

Winifred Okocha, 31 August 2016
Hiscox finalises DirectAsia Hong Kong sale

London-listed carrier Hiscox has completed the sale of its DirectAsia Hong Kong business to Well Link Group Holdings after receiving regulatory assent for the deal

Matthew Neill, 31 August 2016
Fosun insurance top line doubles as profits almost halve

The top line of Fosun's insurance division more than doubled year-on-year to 13.09bn yuan ($2bn) in the first six months of 2016 while profits attributable to the segment nearly halved

Dan Ascher, 31 August 2016
The Insider 30

Share price data on The Insurance Insider's universe of P&C (re)insurers

Iulia Ciutina, 30 August 2016
HCC Specialty sues defecting promotions underwriter

The specialty division of Tokio Marine HCC is suing one of its former senior vice presidents after he defected to launch a competing managing general agency

Dan Ascher, 30 August 2016
RT Specialty fights USG Bacon claim

RT Specialty has jumped to the defence of one of its employees, who is being sued by his former employer USG Insurance Services after defecting to the rival wholesale broker to launch its Pittsburgh office

Dan Ascher, 30 August 2016
Total return reinsurers’ results worsen in Q2

Total return reinsurers reported poorer results in the second quarter year-on-year after none of the carriers found themselves able to deliver profits on both sides of the business

Iulia Ciutina, 30 August 2016
Ratings pressure lurks beneath mortgage reinsurance

Carriers targeting growth opportunities in mortgage reinsurance must devise strategies to effectively manage the risk if they are to avoid downwards ratings pressure, according to Standard & Poor's

Matthew Neill, 30 August 2016
Fitch: Average loss ratio on US cyber insurance over 65%

US carriers are averaging a 65.8 percent loss ratio on their direct standalone cyber business, according to a report published by Fitch Ratings last week (24 August)

Catrin Shi, 30 August 2016
News digest

Integro LatAm deal; Hearn joins Brokerslink board; Skuld hires SVP; IGI profits rise 31%; Glaser calls for Nafta-like deal; Charles Taylor profits up 6%...

Winifred Okocha, 30 August 2016

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