Articles

Insurance

MS Amlin CFO resigns to join Hastings Group

Re/insurer MS Amlin's chief financial officer (CFO) John Worth is stepping down from his role to join Hastings Group, a UK-based insurance provider.   14 January 2019

Insurance

HDI Global Specialty downgraded by AM Best

AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating to “a+” from “aa” of HDI Global Specialty SE (Germany).   14 January 2019

Insurance

Munich Re backed on-demand insurtech Trov expands in US

Munich Re-backed insurtech firm Trov is expanding its on-demand insurance offering to four additional states in the US.   14 January 2019

Insurance

P&C sector faces higher Q4 cat losses: KBW

P&C re/insurers face higher year on year catastrophe losses in the fourth quarter of 2018 results reflecting hurricane Michael, California wildfires, and some smaller events, but overall losses should be manageable, according to Keefe, Bruyette & Woods (KBW) analysts.   14 January 2019

Insurance

Beazley bolsters European financial lines team with Hiscox, Aon hires

Specialist insurer Beazley has appointed two financial lines underwriters at the company's hub for continental Europe in Barcelona.   14 January 2019

Insurance

US P&C faces slower reserve releases, higher loss trends

Positive P&C pricing and rising investment income in the US insurance sector are expected to be offset by slower reserve releases and higher loss trends in 2019, according to Morgan Stanley analyst Kai Pan.   14 January 2019

Insurance

January 1 renewals rate movement limited: Guy Carpenter

The overall impact of catastrophe losses on property rates was muted at the January 1, 2019 reinsurance renewals, according to Guy Carpenter.   14 January 2019

Insurance

Beazley boosts financial lines offering in Asia via new Pegasus partnership

Specialty insurer Beazley has partnered with Hong Kong-based coverholder Pegasus Underwriting (PUL) to expand its financial lines offering in Asia.   11 January 2019

Insurance

DUAL, Howden and RKH all contribute to solid growth at Hyperion

Hyperion Insurance Group, which owns MGA DUAL, retail broker Howden and specialty broker RKH, has reaped the rewards of strategic expansion plans plus solid organic growth to increase its revenues by 16 percent for the 12 months ending September 30, 2018.   10 January 2019

Insurance

Europe’s Reinsurance Advisory Board makes case for internal models

A group of Europe’s largest reinsurers, the Insurance Europe Reinsurance Advisory Board (RAB), has published an overview of the benefits of insurers’ use of internal models, essentially making the case for their use.   10 January 2019

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