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Colorado hailstorm to cost insurers $353mn

A hailstorm that struck Colorado Springs on 28 July could land insurers with a claim of $352.8mn, according to a statement from the Rocky Mountain Insurance Information Association (RMIIA)

Adam McNestrie, 26 August 2016
Weather system near Florida could become tropical cyclone

The weather system 99L, located off the north eastern coast of Cuba, has a 60 percent chance of developing into a tropical cyclone over the next five days, according to an advisory released by the National Hurricane Center today at 2am Eastern time

Adam McNestrie, 26 August 2016
Zurich top line and headcount set to shrink

Turnaround initiatives at Zurich are expected to lead to shrinking P&C premium volumes and further headcount reductions.

Matthew Neill, 26 August 2016
United targets E&S growth with American Coastal deal

Florida carrier United Insurance Holdings is targeting growth in the E&S space as part of its merger with residential commercial specialist American Coastal.

Dan Ascher, 26 August 2016
Lobbyists push flood reforms as Louisiana crisis continues

Lobbyists including industry trade bodies are continuing to push Washington for disaster policy reforms, including the fast passage of legislation aimed at opening up the private market for flood insurance.

David Bull, 26 August 2016
Chubb’s Westchester grows wholesale lines

Chubb's E&S business Westchester has expanded its insurance offerings for small businesses, the carrier announced today.

Dan Ascher, 26 August 2016
Professional lines head Rattner quits HIIG

Houston International Insurance Group (HIIG) senior vice president Mark Rattner has handed in his resignation, The Insurance Insider can reveal.

Dan Ascher, 26 August 2016
Allied World takes Chow from Endurance

Allied World has hired Dale Chow as senior vice president of professional lines for its operation on Bermuda.

Dan Ascher, 25 August 2016
Jain seeks cost cuts at Gen Re: Report

Berkshire Hathaway's reinsurance chief Ajit Jain has told staff at Gen Re to fix the cost "problem" at the subsidiary, according to a memo obtained by Bloomberg.

Dan Ascher, 25 August 2016
Epic’s Garvey raids former firm Integro

Pete Garvey, president of retail P&C broker Epic, has recruited two senior employees from the rival firm he helped found, Integro

Dan Ascher, 25 August 2016

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