News
Insurance
Specialist insurer Beazley has launched a new consortium at Lloyd’s of London to provide increased capacity for US wage & hour risks. 26 July 2018
Insurance
The casualty business is “the sweet spot today,” WR Berkley CEO Robert Berkley said during the re/insurer’s second quarter 2018 earnings call, while noting that the reinsurance business is dragging. 25 July 2018
Insurance
Bermuda-based insurance group Enstar and private equity firm Madison Dearborn Partners (MDP) are taking a stake in AmTrust Financial Services. 25 July 2018
Insurance
Chubb is expanding the property/casualty (P&C) business as it takes advantage of price increases. 25 July 2018
Insurance
Specialist insurer Hiscox has made two new senior appointments within its UK retail business from Zurich Insurance Group and Phillips. 25 July 2018
Insurance
Insured losses from natural disasters in the first half of 2018 are estimated at $21 billion, 40 percent lower than the 10-year average of $35 billion, according to Aon’s Global Catastrophe Recap: First Half of 2018 report. 25 July 2018
Insurance
RenaissanceRe enjoyed strong growth in the second quarter in both its property book and its casualty book and its profits grew. But it warned that “meaningful uncertainty” remains around the scale of claims stemming from many of the big catastrophes that hit its profits last year. 25 July 2018
Insurance
Howden, the retail broking arm of Hyperion Insurance Group, has entered into a strategic partnership with one of Tanzania’s oldest insurance brokers BR Puri & Company by establishing a newly formed local entity, Howden Puri Insurance Brokers. 25 July 2018
News
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has promoted Gregory King-Underwood to head of the credit, bond and political risk practice of Guy Carpenter International. 25 July 2018
Insurance
Dawning awareness of the scale and severity of financial risks posed by artificial intelligence (AI) means that, in the next few years, London market underwriters will need to review their policies in a search for hidden AI exposure, according to law firm Clyde & Co. 24 July 2018
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