News
Insurance
Paragon Insurance Holdings, a multi-line specialty managing general agency (MGA), said Jan. 29 that Edgewood Partners Insurance Center (EPIC) and Oak Hill Capital Partners have acquired an equity stake in the company. 30 January 2018
News
Record losses from the 2017 hurricane season have failed to trigger the rate increases the industry had hoped, with many experts and reports based on analysis of the recent renewals now suggesting that low rates may be here to stay. 29 January 2018
Insurance
The new international accounting standard for insurance contracts from 2021, IFRS 17, could temporarily increase the cost of capital for European insurers, Fitch Ratings said in a Jan. 26 note. 29 January 2018
Insurance
Traditional aviation insurance policies are unlikely to address all elements of emerging risks from the rapidly increasing use of drones and general liability underwriters will have an important role to play in providing cover, according to a new report from the International Underwriting Association (IUA). 29 January 2018
Alternative Risk Transfer
Guernsey Finance chief executive Dominic Wheatley examines technological advancement in the insurance sector and why the old heads embracing the newcomers can bring out the best in both. 29 January 2018
Insurance
Chubb has made changes within its senior leadership team following a strategic cooperation agreement with PICC Property & Casualty Company of China. 29 January 2018
Insurance
Lloyd’s chief financial officer has mooted the idea that brokers should reduce the commission they make on business placed in the market as a way of reducing the overall cost of using Lloyd’s. 26 January 2018
Insurance
The recent US tax change and the significant natural catastrophe losses that hit the market in 2017 are expected to trigger consolidation in the re/insurance sector with a particular focus on Bermuda. 26 January 2018
Insurance
Rate increases in the January 2018 renewals were lower than expected after the significant natural catastrophe losses of the third quarter of 2017 but retrocession catastrophe programmes increased by up to 20 percent, according to a JLT Re market report. 26 January 2018
Insurance
Insurer CNA has strengthened the leadership of its commercial insurance unit with three appointments. 26 January 2018
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