Articles

Insurance

US P&C net income drops 15.8% in 2017

Private US property/casualty insurers saw catastrophe losses suppressing the industry's net income after taxes to $36.1 billion in 2017, a 15.8 percent decline from a year earlier, according to Verisk unit ISO.   15 May 2018

Insurance

Blockchain opportunities come with risks attached: Fitch

Blockchain has the potential to become a game-changing technology for the insurance industry over the long term, but there are also risks, according to Fitch Ratings.   25 April 2018

Insurance

No fear of cyber: AXIS forges ahead

AXIS Capital is among the top five players in cyber globally by premium written, and the Bermuda-based insurer has appetite for more and plans to grow faster than the market in the coming years, as Dan Trueman, chief innovation officer and cyber unit head, tells Intelligent Insurer.   18 April 2018

Insurance

Insurtech Oscar secures $165m for growth

New York-based Oscar Health, a technology-focused health insurance company, has secured $165 million to fuel its next phase of growth.   4 April 2018

Insurance

XL Group benefits from acquisition by AXA

Fitch Ratings has placed the ratings of XLIT (XL, a Cayman Islands subsidiary of XL Group) and its property/casualty re/insurance subsidiaries on Rating Watch Positive from Negative Outlook following the planned acquisition by AXA.   7 March 2018

Insurance

AXA at risk of downgrade post XL acquisition

Fitch Ratings has threatened to downgrade AXA following the plan to acquire XL Group due to financing risks related to the planned IPO of AXA’s US subsidiary.   7 March 2018

Insurance

Canopius appoints new CEO, CUO for Lloyd's managing agency

Specialty re/insurer Canopius has appointed Mike Duffy chief executive of Canopius Managing Agents, the group’s principal regulated entity, in addition to his existing role as group chief underwriting officer.   7 March 2018

Insurance

Cyber driven business interruption threatens energy sector

Energy executives are increasingly concerned about the impact of cyber-attacks on their operations, according to insurance broker Marsh.   7 March 2018

Insurance

Reinsurance cost rise 33% for Esure due to Ogden change

UK insurer Esure has seen its reinsurance costs rising by 33 percent during renewal in 2017 due to the UK’s Ogden personal injury discount rate change.   7 March 2018

Insurance

Former Beazley A&H head joins insurance underwriting Avoca

Chris Branch, the former global head of Beazley's life, accident and health division, has joined US-based Avoca Risk Underwriting Solutions (ARUS) where he will work with the executive team and Avoca group shareholders.   7 March 2018

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