AM Best downgrades Talanx and Hannover Re’s new EUR1bn European carrier

AM Best has downgraded the financial strength rating and long-term issuer credit ratings of HDI Global Specialty SE.

Fri 11 Jan 2019

Alternative capital continues to grow while traditional reinsurance contracts

Alternative capital continues on an upward trajectory, with the market standing at $99bn at the end of the third quarter of 2018.

Fri 11 Jan 2019

Howden puts independence at heart of Hyperion’s growth strategy

In the aftermath of Hyperion’s 2018 results and with the firm poised to become the largest non-US intermediary, The Insurer interviews its founder David Howden…

Fri 11 Jan 2019

JLT Re’s Florida head Betz to depart

JLT Re’s National Catastrophe Practice co-leader Bob Betz is set to retire from the firm at the end of 2019, The Insurer can reveal.

Fri 11 Jan 2019

Zurich faces $100mn lawsuit over unpaid NotPetya claim

US food giant Mondelez is suing Zurich for $100mn after its claim for damage caused by the massive NotPetya ransomware attack was rejected.

Fri 11 Jan 2019

Aegis London shuffles board as Dalton stands down

Lloyd’s managing agency Aegis London has made two appointments to its board as non-executive chair William Dalton retires.

Fri 11 Jan 2019

MS Amlin’s CFO Worth exits

John Worth is stepping down from his role as chief financial officer at MS Amlin.

Fri 11 Jan 2019

FHCF Michael payouts to hit $650mn

Florida’s state-backed catastrophe fund has so far paid out $220mn to 12 carriers for Hurricane Michael claims, with the reimbursement expected to rise to $650mn, according to its COO.

Fri 11 Jan 2019

Argo begins search for new E&S chief

Argo Group’s US excess and surplus lines (E&S) platform is on the hunt for a new president following the departure of Ron Vindivich 16 months after taking the position. 

Fri 11 Jan 2019

Arch ups Q4 cat loss range to include wildfires

Arch Capital now expects to take pre-tax losses from fourth quarter 2018 cat events of $110mn to $130mn, primarily from Hurricane Michael and the devastating California wildfires.

Fri 11 Jan 2019

Kissing Cousins: What’s Ahead for US Leveraged Loans and CLOs?

Thu 10 Jan 2019

CCRIF expands to Panama

The risk pooling facility Caribbean Catastrophe Risk Insurance Facility (CCRIF) has expanded its cover to Panama.

Thu 10 Jan 2019

Axa XL partners up on AI for property risk engineering

Axa XL Risk Consulting is using Artificial Intelligence to enhance its property risk engineering capabilities.

Thu 10 Jan 2019

Hyperion earnings up 19 percent at full year

Hyperion - which owns Howden, RKH and Dual - saw profits climb by 19 percent to £181mn ($231mn) in the 12 months leading up to the end of September last year.

Thu 10 Jan 2019

Trump threatens to shut down FEMA payments for Cali wildfire victims

The US President has revived his threats to cut off federal funds for victims of the wildfires which ravaged regions across the state of California in November in his latest tweet.

Thu 10 Jan 2019

Motor pricing and claims costs lead to Direct Line earnings pressure in 2019

Direct Line Group faces margin compression over 2019 as weak motor pricing and increased claims costs in 2018 point to challenging conditions for the insurer, according to Numis Securities.

Thu 10 Jan 2019