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Insurance
Chubb was the top US cyber insurer in 2017, rising past American International Group (AIG) and XL Catlin, according to AM Best. 21 May 2018
Insurance
Castel Underwriting Agencies, an MGA formation platform that supports individual underwriters with smaller books of niche business, has expanded its Castel Specialty portfolio with the addition of a political risk book. 21 May 2018
Insurance
Cyber could contribute 30 percent to Beazley’s underwriting earnings by 2020, according to Jefferies analysts. 21 May 2018
Insurance
Crawford & Company (Canada), a provider of claims management solutions, has appointed Sandra Harbans to its Lloyd’s unit as director of operations. Harbans has previously worked for SCOR and Northbridge. 21 May 2018
Insurance
The US cyber market grew significantly in 2017 with direct premiums written by US property/casualty (P&C) insurers (excluding non-US and alien surplus lines insurers) rising nearly 32 percent year over year to $1.8 billion, according to AM Best. 21 May 2018
Insurance
Billionaire investor Carl Icahn disclosed a 9.38 percent stake in insurer AmTrust Financial Services and said in a letter to the insurer’s board that he strongly opposed the going-private deal. 18 May 2018
Insurance
AIG Europe reported a pre-tax loss of £431.5 million for 2017 (ending Nov. 30, 2017) after a negative £171.1 million in the 2016 financial year. 18 May 2018
Insurance
Lloyd’s brokers SSL Insurance Group and Endeavour Insurance Services have entered into an agreement to merge the businesses. 18 May 2018
Insurance
Sompo Holdings expects consolidated ordinary profit to double in the full year 2018 (ending March 31, 2019) based on the impact of hurricanes in North America and large losses. 18 May 2018
Insurance
Aviva's most recent bulk annuity transaction with retailer Marks and Spencer (M&S) is more than 50 percent larger than any of Aviva's previous bulk transactions, according to Jefferies analysts. 18 May 2018
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