News
Insurance
US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of April 2018 of $211 million before taxes. 17 May 2018
Insurance
The administrator of New Zealand-based CBLC, the ultimate parent of CBL group of Companies (CBL group), has recommended the liquidation of the re/insurance company. 15 May 2018
News
Having given up on reinsurance in recent decades, some large insurers have had a change of heart as they seek diversification and the access to the capital markets which reinsurers have developed in recent years. Is their bet that they can handle these volatile risks—and that their shareholders will back them—a risky one? Intelligent Insurer investigates. 14 May 2018
Insurance
American International Group (AIG) had a disappointing start to 2018 as results missed expectations and caused the share price to dive, but CEO Brian Duperreault promised during the May 3 first quarter 2018 results call that the company is on track to address the issues in general insurance and deliver double-digit return on equity (ROE). 9 May 2018
Insurance
Lloyd’s of London’s chief financial officer John Parry is leaving the corporation after 17 years. 1 May 2018
Insurance
Hedge fund-backed Greenlight Capital Re reported a loss for the first quarter of 2018 driven by investments. 1 May 2018
Insurance
Universal Insurance Holdings chief risk officer Jon Springer believes that the company will be able to keep its reinsurance costs in 2018 at the same level as 2017 despite record catastrophe losses last year from hurricanes and rate increases in the primary business. 1 May 2018
Alternative Risk Transfer
Business written by Blue Capital Reinsurance Holdings decreased by almost a third in the first quarter of 2018 compared with the same period a year before, despite positive rate increases. 1 May 2018
Insurance
Pioneer Underwriters has appointed Simon Gaffney as group chief operating officer, effective immediately, based in London. 1 May 2018
Insurance
Swiss Re’s unit corporate solutions has appointed Jake Algar as head UK & Ireland, effective May 1, 2018 as the company expand the business. 1 May 2018
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