Search | The Insurer TV

Morgan Stanley teams up with broking trio to offer HNW products

News

High net worth

Morgan Stanley teams up with broking trio to offer HNW products

Morgan Stanley has entered into a new partnership with Hub International, Marsh Private Client Services and Willis Towers Watson (WTW) to offer high net worth (HNW) clients a suite of property and casualty insurance products.

Tue 4 Aug 2020

Isaias makes landfall as Category 1 hurricane

News

Losses

Isaias makes landfall as Category 1 hurricane

Tropical storm conditions are expected to spread up the US East Coast today following Hurricane Isaias’ landfall in North Carolina overnight.

Tue 4 Aug 2020

A sneak preview of the new Lloyd’s ahead of re-opening

News

COVID-19

A sneak preview of the new Lloyd’s ahead of re-opening

In four weeks’ time from today, the Lloyd’s trading floors reopen for the first time since 19 March. The Insurer takes a peak to see how it will be different…

Tue 4 Aug 2020

Kemper Q2 operating income down as auto credits reduce earned premiums

News

Results

Kemper Q2 operating income down as auto credits reduce earned premiums

Kemper has reported adjusted consolidated net operating income of $79.2mn for the second quarter, down from $91.5mn in the prior period.

Tue 4 Aug 2020

AmWINS names new leader for Lloyd’s-backed trucking program

News

People Moves

AmWINS names new leader for Lloyd’s-backed trucking program

AmWINS has appointed Libby Smith as the new program leader for its Lloyd’s-backed truck brokers’ contingent liability offering.

Tue 4 Aug 2020

Argo falls to operating loss in Q2 but combined ratio improves

News

COVID-19

Argo falls to operating loss in Q2 but combined ratio improves

Argo has made an operating loss of $4.7mn in the second quarter compared with operating income of $16.8mn in the prior period, driven by lower investment income and Covid-19 losses.

Mon 3 Aug 2020

News

COVID-19

AIG adds $458mn of Covid-19 losses in earnings beat

AIG took another $458mn of Covid-19 losses in the second quarter but said the pandemic remains an earnings, not a capital event for itself as it also reported impacts of $126mn from civil unrest related losses and $90mn from natural catastrophes.

Mon 3 Aug 2020

Nephila MGA Velocity promotes Reddy to COO

News

People Moves

Nephila MGA Velocity promotes Reddy to COO

Nephila’s Velocity Risk Underwriters MGA has promoted Praveen Reddy to chief operating officer.

Mon 3 Aug 2020

Heritage posts Q2 CR of 100% as GPW jumps

News

Results

Heritage posts Q2 CR of 100% as GPW jumps

Heritage Insurance Holdings has posted a 100 percent combined ratio for the second quarter and a 14 percent increase in its gross premiums written (GPW), after pre-announcing that its operations would take a net $26.8mn hit from weather-related losses during the period.

Mon 3 Aug 2020

GCube’s Sharma exits for broker start-up

News

Energy

GCube’s Sharma exits for broker start-up

Tokio Marine HCC-owned GCube’s Jatin Sharma has left the renewable energy-focused managing general agent and is due to join a soon-to-be launched risk consulting, wholesale and reinsurance broking platform, The Insurer can reveal.

Mon 3 Aug 2020

AJG’s Artex builds out Bermuda operation with Wood hire

News

Captives

AJG’s Artex builds out Bermuda operation with Wood hire

Arthur J Gallagher’s captive and alternative risk transfer subsidiary Artex Risk Solutions has continued its Bermuda build-out with the hire of William Wood.

Mon 3 Aug 2020

World Insurance Associates buys New York-based agency

News

M&A

World Insurance Associates buys New York-based agency

US insurance agency World Insurance Associates has acquired White Plains, New York-based Loveman Kornreich & Steers.

Mon 3 Aug 2020

Mercury General increases reinsurance limit 20% at July renewal

News

Property reinsurance

Mercury General increases reinsurance limit 20% at July renewal

Mercury General increased the total reinsurance limit purchased in its catastrophe treaty renewal by 20 percent to $717mn, while its premiums for the programme increased 32 percent, CEO Gabriel Tirador revealed on the insurer’s earnings call.

Mon 3 Aug 2020

Isaias set to regain hurricane strength before Carolinas landfall

News

Losses

Isaias set to regain hurricane strength before Carolinas landfall

Isaias is now forecast to regain hurricane strength before it reaches the US coastline later today.

Mon 3 Aug 2020

News

CNA’s Robusto: Covid “straw that broke the camel’s back” as hardening market accelerates

The Covid-19 pandemic was the “straw that broke the proverbial camel’s back” in the hardening market as CNA saw accelerating rate momentum as well as stable retention during the second quarter, the carrier’s chairman and CEO Dino Robusto has said.

Mon 3 Aug 2020

News

Capital raising

Covéa to put Eur750mn in PartnerRe SPVs

Covéa is to put Eur750mn ($881.3mn) into special purpose reinsurance vehicles managed by PartnerRe, including Eur500mn at 1 January 2021, as part of a Eur1.5bn investment with the reinsurer’s parent Exor.

Mon 3 Aug 2020