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Lancashire names non-executive director
Lancashire has appointed Robert Lusardi as non-executive director, effective today (8 July), the company announced.
08 July 2016
Heritage withdraws rate rise request
Floridian insurer Heritage Property and Casualty Insurance has withdrawn a request to increase its rates by 14.9 percent following discussions with the state regulator
08 July 2016
Prime Risk acquires Old National Insurance
US-based broker consolidation platform Prime Risk Partners has closed a deal to take over Midwestern carrier Old National Insurance.
08 July 2016
Alberta wildfire losses C$3.6bn: trade body
Insured losses from the Alberta wildfires in May are likely to cost C$3.58bn ($2.76bn), making them the costliest insured natural disaster in Canadian history, according to the Insurance Bureau of Canada (IBC)
08 July 2016
Worst Q1 for US P&C since 2011: AM Best
A substantial number of catastrophes and comparatively sparse reinsurance cover drove the US primary P&C market to its worst first quarter underwriting result since 2011
07 July 2016
Axa to divest Serbian business
Axa has entered an agreement with Vienna Insurance Group to sell its entire Serbian operation.
07 July 2016
Swiss Re Corporate Solutions names China head
Swiss Re Corporate Solutions has appointed Jingwei Jia as CEO of its China operations, effective immediately
07 July 2016
S&P warns of ‘cracks’ in hedge fund re model
Standard & Poor's (S&P) has questioned the viability of hedge fund reinsurers (HFRs) amid struggling underwriting profitability and declining returns on equity (RoEs)
07 July 2016
US June storms cost insurers $350mn: Aon Benfield
The thunderstorms that hit the US in June are expected to lead to insured losses of more than $350mn, according to Aon Benfield unit Impact Forecasting
07 July 2016
Taiwan braces for Super Typhoon Nepartak
The first western North Pacific typhoon of 2016, Super Typhoon Nepartak, is expected to make landfall in Taiwan tomorrow (8 July).
07 July 2016
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