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Brit Global Specialty USA (BGSU) has affirmed its commitment to the US Yacht market after media reports saying that Brit Global Speciality, Lloyd’s syndicate 2987, ended its yacht insurance business lines. 15 August 2018
Insurance
Volante Global, a multi-class and multi-territory international managing general agent (MGA) platform, has launched Gentium Motor and the appointment of Neil Smith as managing director. 13 August 2018
Insurance
American International Group (AIG) has reported an underwriting loss for its general insurance operations in the second quarter of 2018 as the loss ratio deteriorated. 3 August 2018
Insurance
Swiss Re has significantly increased its earnings in the P&C reinsurance business in the first half of 2018 due to a “strong” underwriting performance supported by a benign large loss experience. 3 August 2018
Insurance
Swiss Re is exploring a potential initial public offering (IPO) of its UK closed book business ReAssure in 2019. 3 August 2018
News
TransRe’s net premiums written in the 2018 second quarter were roughly flat with the comparable prior year period as a result of higher ceded premiums written due to an increase in retrocessional coverage purchased in 2018, the company said while presenting second quarter results. 3 August 2018
Insurance
In the absence of clarity as to what a future trade deal will look like between the UK and the EU, affected insurers have accelerated their plans to establish new EU subsidiaries, according to AM Best. 3 August 2018
Insurance
Fitch Ratings has revised the outlook for CNO Financial Group to positive from stable following the company’s recent reinsurance transaction. 3 August 2018
Insurance
Specialty re/insurer Brit has benefitted from higher prices in the first half of 2018 but net profit dived nevertheless due to a sharp drop in investment return. 3 August 2018
Insurance
Australia-based QBE Insurance is selling its travel insurance business to health insurer nib holdings (nib). 3 August 2018
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