Published by this author:
-
The “magnitude” of claims could ease in future quarters, Argo CEO Kevin Rehnberg said.
-
Warren Buffett said the company faces a more limited impact from the virus than some other insurers.
-
The policy would have likely paid out due to the coronavirus crisis.
-
The Floridian has strengthened reserves for attritional homeowner losses amid continuing impacts from assignment of benefits issues.
-
The carrier said the market was in the early stages of rate change and it was hard to know how long improvements would last.
-
The government secured a slight expansion in the level of cover obtained across the middle layer of the programme.
-
Everest, Swiss Re, Aspen and other reinsurers were accused by Integrand of delaying payment of claims from Irma and Maria. -
The Independent Insurance Agents & Brokers of America expressed concern about the lack of a longer term solution for keeping the programme afloat.
-
Terry Ledbetter will be replaced by president Matthew Freeman from 1 January 2020.
-
The firm has settled with Fredricks and will enter binding arbitration with Belisle.
-
Andrew Souter will be responsible for capital and reinsurance purchasing functions within the MGA.
-
It is the sixth consecutive quarter of primary market increases, according to the organisation.
-
This will have implications for Allstate, State Farm, USAA and other insurers which have sued the utility over Camp Fire losses.
-
Rates rose by almost 15 percent for cat programmes in the Japanese market, according to the French reinsurer.
-
-
A Markel executive said he expects most investors will seek to cash out by March 31.
-
The beleaguered Californian utility’s innovative $200mn wildfire liability catastrophe bond cost the company $26.8mn.
-
The utility still faces investigation for this year’s Camp Fire.
-
The utility is facing scrutiny over its possible role in sparking the blaze, which was the most destructive in California’s history.
-
Just days ago President Donald Trump signed a five-month extension to the state facility into law.
-
The Bermuda Monetary Authority pegs the global pot of alternative reinsurance capital at $89bn.
-
Insurers are passing on costs associated with Florida’s AOB crisis to consumers, the Insurance Information Institute said.
-
The Axis Capital CEO’s employment term has been extended to 31 December 2023.
-
Insurers are seeking to claim roughly $10bn through subrogation lawsuits against Pacific Gas and Electric in relation to the 2017 wildfire losses.
-
Woolsey was one of two highly destructive wildfires in California last month.
-
Nephila's sale to Markel has completed, giving the (re)insurance holding company a 20 percent share of the overall ILS market.
-
The AlphaCat CEO will assist AIG with the use of modelling technologies.
-
The former XL Catlin executive controlled one of the biggest portfolios of ceded reinsurance in the market.
-
The losses are a result of claims from Hurricane Florence, California wildfires, typhoons Jebi and Trami and flood losses in Japan.
