Search | The Insurer TV

News

Losses

AIR pegs Camp Wildfire insured losses at $6bn - $9bn

Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from the Camp Fire in Northern California will be between $6bn and $9bn.

Thu 6 Dec 2018

European P&C insurers face deteriorating CR in 2019

News

Property catastrophe

European P&C insurers face deteriorating CR in 2019

European Property & Casualty insurers will likely experience a modest deterioration in combined ratios and investment returns in 2019.

Thu 6 Dec 2018

P&C market must transform digitally to offset “sluggish” growth: EY

News

Property catastrophe

P&C market must transform digitally to offset “sluggish” growth: EY

Property & Casualty insurers must focus on technology and innovative initiatives that optimize costs, drive wider distribution and market reach and explore local niche market segments in order to spur growth, EY has said.

Thu 6 Dec 2018

AIG to be hit with up to $800mn cat bill in Q4

News

Losses

AIG to be hit with up to $800mn cat bill in Q4

US insurance giant AIG has said it expects to incur a cat bill in the region of $750mn to $800mn on a pre-tax basis in the fourth quarter.

Thu 6 Dec 2018

News

Losses

Beazley on the hook for $40mn Cali wildfire losses

London insurer Beazley has pegged its loss bill for the 2018 California wildfires at $40mn net of reinsurance.

Thu 6 Dec 2018

News

Brexit

CNA Hardy’s post-Brexit structure approved

CNA Hardy is the latest carrier this week to be given the green light for its Part VII transfer by the High Court of England and Wales.

Wed 5 Dec 2018

JLT notifies staff of £100mn retention awards ahead of new global structure

News

M&A

JLT notifies staff of £100mn retention awards ahead of new global structure

As the post-takeover operating structure of MMC and JLT begins to take shape, JLT’s qualifying staff have been notified of their entitlements under the £100mn retention bonus scheme that was announced as part of the £4.3bn acquisition.

Wed 5 Dec 2018

News

Losses

The Hartford pegs Q4 losses at up to $365mn

US insurer The Hartford has said it expects to pick up a loss bill of up to $365mn in the fourth quarter.

Wed 5 Dec 2018

GRP sees gross written premium climb 27% to £700mn

News

Results

GRP sees gross written premium climb 27% to £700mn

Specialist insurance consolidator Global Risk Partners has seen gross written premium exceed £700mn, up 27 percent on 2016/17 as the Peter Cullum led firm builds on ambitions to be a £1bn GWP business.

Wed 5 Dec 2018

Comment

Brexit

Brexit – continuing to be heard

London market lobbying group LMG says there is much work to be done ahead of “Brexit” regardless of what occurs in Westminster next week

Wed 5 Dec 2018

AIG swoops on MetLife Japan for Asia Pacific CEO

News

People Moves

AIG swoops on MetLife Japan for Asia Pacific CEO

AIG has appointed Sachin Shah CEO of Asia Pacific, AIG General Insurance.

Wed 5 Dec 2018

Wave of senior departures at AmTrust as go-private deal completes

News

People Moves

Wave of senior departures at AmTrust as go-private deal completes

There has been a trio of high-profile exits at AmTrust in the wake of the completion of its $2.95bn take-private deal with Stone Point Capital last week.

Wed 5 Dec 2018

AIG promotes Lyons to CFO replacing Sankaran

News

People Moves

AIG promotes Lyons to CFO replacing Sankaran

AIG has promoted Mark Lyons to the role of executive vice president and chief financial officer.

Wed 5 Dec 2018

Beasley takes reins as Trisura Specialty heads to $100mn GWP

News

People Moves

Beasley takes reins as Trisura Specialty heads to $100mn GWP

US hybrid fronting carrier Trisura Specialty has named seasoned insurance executive Michael Beasley as its president and CEO as part of a management reshuffle, The Insurer can reveal.

Tue 4 Dec 2018

Scor rewarded for traditional early 2019 retro renewal

Analysis

Results

Scor rewarded for traditional early 2019 retro renewal

Tier one global reinsurer Scor has been rewarded for its traditional early renewal of its annual P&C retro program by renewing its core XoL coverage before the November California wildfires and benefiting from a more favorable pricing environment, The Insurer can reveal.

Tue 4 Dec 2018

Loss creeps “challenging” alternative capital markets: Swiss Re

News

Losses

Loss creeps “challenging” alternative capital markets: Swiss Re

Escalating losses – such as the loss creep witnessed in the aftermath of Hurricane Irma in 2017 – have proved “challenging” for the alternative capital markets, Swiss Re has said.

Tue 4 Dec 2018