Articles

Insurance

AM Best changes ProAssurance outlook over 'negative trend' in operating performance

Ratings agency AM Best has revised the outlook of specialty insurance company ProAssurance Corporation to negative from stable, expressing concern over its operating performance in recent years.   27 September 2019

Insurance

AXA overtakes AIG to lead US D&O, which sees double-digit rate increases

AXA has overtaken AIG in the United States directors and officers (D&O) liability market, a sector that has seen double-digit rate increases in the past year.   27 September 2019

Insurance

Re/insurance potentially 'decisive' in tackling climate change, Bank of England’s Mark Carney tells UN Climate Action Summit 2019

Mark Carney, the governor of the Bank of England, said the re/insurance sector has a “crucial” role and “unique contribution” to make in tackling climate change and smoothing the transition to a 1.5 degree world.   26 September 2019

Insurance

Aon teams up with CarrierHQ to launch driver-scored small-fleet insurance in US

Aon, the global professional services firm, has launched an “action-based monthly motor carrier insurance program” in the US available exclusively through CarrierHQ’s online portal.   25 September 2019

Insurance

Mutual insurers in good shape with higher capital adequacy ratios: Aon and Namic

Mutual insurance companies in the US are in strong financial shape and less leveraged than those quoted on the stock exchange.   24 September 2019

Insurance

Berkshire Hathaway Specialty Insurance enters Spain, hires leader from RSA

Berkshire Hathaway Specialty Insurance (BHSI) has expanded its global footprint by opening a new office in Madrid, and hired its country manager from RSA Spain.   23 September 2019

Insurance

Turkish insurers held back by underwriting losses and economic volatility: AM Best

Sentiment on the Turkish insurance market has become less optimistic in recent times, as it has generated poor underwriting performance for most market participants.   23 September 2019

Insurance

DARAG hires Zurich's Andrew Hill as group COO

European legacy acquirer DARAG Group has appointed Andrew Hill as its new group chief operating officer (COO), based in London.   23 September 2019

Insurance

Nephila looks to cut Lloyd's cost using Phinsys finance automation technology

In a bid to reduce the cost of doing business at Lloyd’s, Nephila Syndicate Management (NSML) has selected Phinsys' suite of software technologies to streamline its financial processes and automate statutory, regulatory and management reporting.   23 September 2019

Insurance

HDI reshuffles Italian management; managing director Semprini departs after 13 years

Industrial lines insurer HDI Global SE's managing director Francesco Semprini is leaving after almost 13 years by "amicable and mutual agreement" to purse new opportunities outside the company.   23 September 2019

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