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Floods hit Louisiana; Canterbury claims hit $13bn: ICNZ; Hyperion partners German broker; Liberty Mutual ups stake in Indian venture; PRA issues guidance on SII remuneration; Markel Catco returns up
15 August 2016
Cat losses dent Bermudian returns in Q2
Operating returns for Bermudian carriers came under pressure in the second quarter of 2016 as a stream of cat losses narrowed underwriting profitability.
Iulia Ciutina
,
15 August 2016
Zurich beats expectations for now
Zurich's Q2 disclosures provided glimmers of a turnaround, but questions remain over the ability of the carrier to continue these improvements beyond 2016.
Catrin Shi
,
15 August 2016
Contingency will not cover Rio Olympics blunders
Contingency policies purchased by the organisers of the Olympic Games in Rio de Janeiro will not cover losses that are found to have been caused by internal errors.
Matthew Neill
,
15 August 2016
Maher to lead Markel International cyber push into US
Andrew Maher, cyber underwriter at Beazley, is leaving the firm to lead Markel International's push into the US market, The Insurance Insider understands.
Charlie Thomas
,
15 August 2016
Italian regulator suspends China Taiping agent from underwriting
The Italian insurance regulator IVASS has suspended China Taiping UK's agent in the country, Tempo Underwriting, from writing new business after a number of its policies were found to be "counterfeit".
Matthew Neill
,
15 August 2016
Renewco specialist exits Ascot
Warren Diogo has left Ascot Underwriting after more than nine years at the Lloyd's carrier, The Insurance Insider understands.
Charlie Thomas
,
15 August 2016
Dublin promotes itself as alternative EU jurisdiction
Ireland is calling attention to itself as an attractive alternative jurisdiction for insurance companies wanting to passport into the European Union (EU) following the UK's vote to leave the bloc.
Winifred Okocha
,
15 August 2016
Arch to take a portion of $660mn Sempra loss
Bermudian carrier Arch is expected to take a portion of a $660mn energy casualty claim from Sempra Energy following a historic natural gas leak.
Winifred Okocha
,
15 August 2016
ArgoGlobal looks set to exit aviation
Lloyd's insurer ArgoGlobal is likely to discontinue its aviation book following the departure of head of aerospace Richard Bayman.
Adam McNestrie
,
15 August 2016
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