Articles

Insurance

Lemonade CEO suggests insurer has ‘turned a corner’ in underwriting

Lemonade CEO and co-founder Daniel Schreiber believes that the insurer has “turned a corner” as the loss ratio is improving.   20 September 2018

Insurance

SCOR’s Kessler demands Covéa CEO departure from board

SCOR CEO Denis Kessler has sent a letter on Sept. 6 to Covéa chairman and CEO Thierry Derez, asking him to resign from his position as a SCOR board member because of a conflict of interest.   20 September 2018

Insurance

StarStone CEO resigns after parent company drops sale plan

StarStone CEO Demian Smith has stepped down from his position directly after StarStone’s parent company, Bermuda-based run-off specialist Enstar, revealed that it is no longer selling the specialty carrier.   20 September 2018

Insurance

Investor pressures SCOR on Covéa takeover

An activist investment fund is putting pressure on French reinsurer SCOR’s management after it rejected a friendly €8.2 billion takeover offer by French cooperative insurer Covéa in late August 2018, according to a Reuters report.   20 September 2018

Insurance

Insurtech transactions reach new peak but volumes fall

A total of 71 Insurtech funding transactions during the second quarter of 2018 marks a record high, according to the new Quarterly InsurTech Briefing from Willis Towers Watson (WTW).   20 September 2018

Insurance

Primary insurers to bear most of hurricane Florence’s losses

Primary insurers (including auto insurers) are expected to bear most of the losses from hurricane Florence, according to Keefe, Bruyette & Woods (KBW) analysts.   20 September 2018

Insurance

RSA's Turner succeeds Berg as IUMI president

Richard Turner, European director of Global Risk Solutions at RSA Insurance Group, has been elected president of the International Union of Marine Insurance (IUMI).   20 September 2018

Insurance

Gallagher taps Marsh trade credit leader to scale up Manchester practice

Broker Gallagher has hired a Marsh executive to build out its specialist UK trade credit & surety practice across the North, where the company believes both clients and new business opportunities are arising.   20 September 2018

Insurance

Beach poaches Marsh SVP for new London wholesale practice

Re/insurance broking and advisory firm Beach & Associates has hired Marsh's Jonathan Tritton as senior vice president of its newly formed London wholesale practice.   20 September 2018

Insurance

Largest ever wildfire in California officially contained

The Mendocino Complex Fire, the largest wildfire in California's history, is now 100 percent contained, according to an official statement by California’s insurance commissioner Dave Jones.   20 September 2018

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