Articles

Insurance

Essent Group’s Q1 profits rise as business expands

Bermuda-based mortgage insurance provider Essent Group has expanded its business in the first quarter of 2017, helping to lift profits.   8 May 2017

Insurance

Markel CATCo appoints chief risk officer, co-chief underwriting officer

Markel CATCo Investment Management has appointed Alissa Fredricks as chief risk officer, and Simon Moore as co-chief underwriting officer alongside Lindsay Watson.   8 May 2017

Insurance

AIG CEO loses support from shareholders on turnaround strategy and has to go

American International Group’s (AIG) US casualty business resulted in a $3 billion loss in the fourth quarter of 2016 and in the resignation of CEO Peter Hancock.   9 March 2017

Alternative Risk Transfer

Reinsurance treaties vulnerable to California wildfire losses: Fitch

Reinsurance treaties with aggregate loss triggers are expected to be vulnerable to the November fire losses in California, following previous qualifying catastrophe events in 2018 that would have utilized some or all of their aggregate deductibles, Fitch Ratings said.   20 December 2018

News

Greenlight Re Ireland hires ex-Liberty Mutual exec for European business

Specialist property/casualty reinsurer Greenlight Re Ireland, a subsidiary of Greenlight Capital Re, has appointed Sean Rocks as a consultant.   3 April 2017

Insurance

Willis Towers Watson taps ATC exec to lead CRB claims in Australia

Broker Willis Towers Watson has appointed Sampath Soysa as claims manager – Northern and Southern region Australia, within its Corporate Risk and Broking (CRB) team.   27 September 2017

Insurance

Talbot appoints new active underwriter to take CUO's additional role

Talbot Underwriting, a subsidiary of Bermuda-based Validus Holdings, has promoted David Morris to the position of active underwriter.   2 March 2017

Insurance

Marriott sued for $12.5bn in data breach case

A class-action lawsuit seeking $12.5 billion, or $25 for each customer whose privacy may have been jeopardized, has been filed against Marriott after the hotel chain revealed a data breach affecting 500 million customers of its Starwood hotels, according to a Dec. 1, 2018 report by The Oregonian.   3 December 2018

Insurance

Neon expands M&A consortium capacity

Specialist Lloyd's insurer Neon has expanded its mergers and acquisitions (M&A) consortium capacity from £50 million to £75 million, starting January 2017.   24 January 2017

Insurance

AIG stumbles over its casualty business and finally reacts

American International Group’s US casualty business has performed significantly worse than expected by the firm in recent years, resulting in a $3 billion loss in the fourth quarter of 2016 as the company reacted by striking a reinsurance deal and significantly increasing claims loss reserves.   17 February 2017

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