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Barbican taps property treaty underwriter from CNA
Insurance
Barbican Insurance Group has appointed Emma Watson as class underwriter for property treaty from CNA Hardy.   4 December 2018
Merced P&C downgraded to ‘F’ after California wildfire hit
Insurance
AM Best has changed the Financial Strength Rating (FSR) to a Non-Rating Designation of F (In Liquidation) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “f” from “a-” of California-based Merced Property & Casualty Company.   4 December 2018
Alaska insured earthquake losses limited
Insurance
Insured losses from the magnitude 7.0 earthquake that struck Alaska on Nov. 30, 2018 are likely to be limited by a low earthquake insurance take-up rate (about 9-12 percent for homeowners and higher for businesses) and high deductibles (10-20 percent of policy limit), according to Morgan Stanley Research.   4 December 2018
Insurance
Lloyd’s insurer ArgoGlobal, a part of Argo Group, has appointed Paul Lucas as chief actuary, international.   3 December 2018
Insurance
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Labuan Reinsurance.   30 November 2018
Insurance
AXIS Insurance, the insurance business segment of Bermuda-based AXIS Capital Holdings, is consolidating its global cyber and technology unit under the leadership of Dan Trueman.   29 November 2018
Insurance
AM Best has raised the net environmental losses for the US property/casualty (P&C) industry by $4 billion to an estimated $46 billion, taking industry losses for asbestos and environmental (A&E) to $146 billion.   29 November 2018
Insurance
The chemical Glyphosate could easily lead to tomorrow’s public health crisis, AM Best has warned in a Nov. 28 report.   29 November 2018
Insurance
Lloyd’s broker AFL Insurance Brokers has established a new South American operation, as part of a joint venture with Special Division Reinsurance Brokers.   29 November 2018
Insurance
The Lloyd’s Market Association (LMA) has launched Gemini, a claims expert management solution and platform for Lloyd’s carriers.   29 November 2018

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