Articles
Insurance
AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating of A (Excellent) of Atlantic Specialty Insurance Company and its rated affiliates. Collectively, these companies are referred to as OneBeacon Insurance Group. 3 October 2017
News
As Congress mulls the fate of the National Flood Insurance Program post hurricanes Harvey and Irma, Intelligent Insurer examines the problems facing the programme and some potential solutions that could involve the private sector. 28 September 2017
Insurance
The top three challenges facing London market are the ongoing soft market conditions, Brexit and regulatory compliance, according to an International Underwriting Association survey. 28 September 2017
Insurance
Re/insurers based in Bermuda have collectively paid out $72.8 billion to policyholder and cedants in the European Union over the past 20 years. 28 September 2017
Insurance
The global premiums volume for cyber insurance is set to increase six- to eightfold within a decade, according to a Fitch Ratings report. 28 September 2017
Insurance
London-based managing general agent (MGA) Pen Underwriting has entered into a new motor capacity deal with Zurich Insurance. 28 September 2017
Insurance
Global insurance broking and risk management firm Marsh has created a new practice for broker networks within Jelf and Bluefin’s direct and partnership (D&P) division. 28 September 2017
Insurance
Specialist insurance and reinsurance market Lloyd's reported pre-tax profits of £1.22bn for the first half of 2017, down from £1.46bn for the same period in 2016. 28 September 2017
Insurance
Following the devastation caused by Hurricane Maria, 2017 catastrophe losses for the global insurance and reinsurance sectors will exceed $100 billion and could reach close to $190 billion on a pre-tax basis, according to Fitch Ratings. 27 September 2017
News
Hurricanes Harvey and Irma are expected to represent an earnings event rather than a capital event for SCOR in the third quarter of 2017, the reinsurer has said. 26 September 2017
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