Articles
Insurance
A group of investors is taking AmTrust Financial Services private to create a better environment to fix the problems that have been haunting the New York-based insurer. AmTrust needs to address financial controls as well as pricing and reserve adequacy issues. 2 March 2018
Insurance
The average US commercial property/casualty premium rates increased for the first time in three years, according to the fourth quarter 2017 Commercial Property/Casualty Market Index Survey by the Council of Insurance Agents & Brokers. 2 March 2018
Insurance
Re/insurance sector rating agency AM Best is establishing a new office in Amsterdam, the Netherlands, during 2018 as part of its Brexit contingency plan. 1 March 2018
Insurance
Jardine Lloyd Thompson Group posted solid growth, including in its reinsurance unit JLT Re, and improved profits in its preliminary results for 2017. 28 February 2018
Insurance
UK insurer Admiral Group posted solid growth and a big increase in profits in 2017 as it also detailed some changes to its reinsurance programme. 28 February 2018
Insurance
Verisk Analytics, a provider of property/casualty (P&C) insurance risk information, has acquired UK-based insurtech Business Insight. 28 February 2018
Insurance
Gabi, which provides a free, online "personal insurance shopper," has raised $9.5 million in Series A funding, led by Canvas Ventures, to accelerate its nationwide expansion in the US in 2018. 22 February 2018
Insurance
American International Group (AIG) has been loss-making for the last two years, but the reported 2017 net loss of $6.08 billion hides improvements on the operating side as a more in-depth look into the numbers reveals and CEO Brian Duperreault is working on getting the insurance giant back on a growth path. A changed reinsurance cover structure is also part of the plan. 22 February 2018
Insurance
AM Best has downgraded Kenya Reinsurance Corporation due to concerns over the effectiveness of its enterprise risk management (ERM) in the face of expected business growth and increasingly sophisticated competition. 21 February 2018
Insurance
Rates in UK property and casualty business along with terrorism and political violence are expected to decline further, according to a Willis Towers Watson report. 20 February 2018
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