News
Insurance
US specialty property/casualty insurer has posted a net loss of $348.9 million for 2017 after a net profit of $430.4 million in 2016 as the company prepares to go private. 19 March 2018
Insurance
Bermuda-based Arch Capital Group (ACGL) has promoted president and chief operating officer (COO) Marc Grandisson to the position of CEO, replacing Constantine Iordanou. 19 March 2018
Insurance
QBE Insurance is aligning its technology and transformation teams under one business unit within its Australian and New Zealand Operations (ANZO), resulting in the creation of new roles and the redundancy of a senior executive. 19 March 2018
Insurance
Pembroke Managing Agency has been granted approval by Lloyd’s to establish and manage GIC Syndicate 1947, which has been cleared to underwrite business from April 1. 19 March 2018
Insurance
The Talanx Group, which includes Hannover Re, is aiming for a net income of around €850 million in 2018 and an increase in gross premiums (adjusted for currency effects) of more than 2.0 percent. 19 March 2018
Insurance
XL Catlin’s London-based insurance operations have introduced a contract continuity clause which addresses the risk that contracts written prior to Brexit may become impermissible assuming passporting rights are lost as a consequence of the UK leaving the EU. 19 March 2018
Alternative Risk Transfer
Italian insurer Generali is taking advantage of more attractive conditions in the insurance-linked securities (ILS) market for windstorm reinsurance protection. 19 March 2018
Insurance
The uncertainty caused by Brexit is affecting negotiations for insurance contracts that span periods of more than three years. 16 March 2018
Insurance
Chicago-based insurtech company FIGO Pet Insurance has secured a $4 million investment from private equity firm HCS Capital Partners. 16 March 2018
Insurance
The National Flood Insurance Program (NFIP) will expire on March 23, 2018 for the third time this year if Congress fails to act and a lapse in the debt-ridden programme may disrupt the national housing market and leave countless homeowners in harm’s way if a severe storm strikes, stakeholder coalition SmarterSafer has warned. 16 March 2018
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