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Insurance
Citizens records $1bn net loss in nine months
Citizens Property Insurance Corporation posted a net loss of $944.2 million for the period between January and September 2017.   20 November 2017
Insurance
Former Aspen Re London head launches new MGA Chord Re
Chord Re, a new reinsurance-focused managing general agency (MGA), has been launched by the former head of Aspen Re London Stefan Long, and will begin underwriting on behalf of Neon Syndicate 2468 from January 2018.   14 November 2017
Insurance
Brand strength will drive M&A in next three years
Brand strength will be the main driver of M&A activity in re/insurance in the next three years, reflecting the transition to digital sales which require a strong, recognisable brand, according to a survey by Willis Towers Watson in conjunction with Mergermarket.   14 November 2017
Insurance
Chubb creates commercial division for SMEs in Asia Pacific
Chubb has appointed three executives for its newly-created small commercial division for SMEs in Asia Pacific.   14 November 2017
Insurance
London market fails to provide value for money, says energy panel
The London insurance market is 'overly complex' and is losing relevance to its customers in the energy industry, with product that fail provide value for money.   14 November 2017
Insurance
CFC hires Newline exec to build new financial institutions practice
CFC Underwriting, a Lloyd's managing general agent (MGA), has appointed Neil Beaton to build a new team focused on developing a suite of products for financial institutions.   14 November 2017
Insurance
M6.5 earthquake shakes Costa Rica's Central Valley
A magnitude 6.5 earthquake shook the Central Valley of Costa Rica at 8:28pm local time on Sunday November 12, causing minor damage in the Puntarenas region of the Pacific Coast.   14 November 2017
News
Buyers want no surprises
While reinsurers and brokers discuss the return of a market cycle most buyers just want a quiet life with no surprises—assuming they don’t feel underinsured in light of the recent hurricanes or cyber losses that have the potential to cause them sleepless nights. Intelligent Insurer reports.   18 October 2017
Insurance
XL Group takes stake in India’s Mahindra
Re/insurer XL Group is to acquire a 20 percent stake in India’s Mahindra Insurance Brokers (MIBL), according to an Oct. 16 press release.   17 October 2017
Insurance
California wildfire destroys 5,700 structures
The 15 large wildfires active across California have so far resulted in a death toll of more than 40 while burning more than 217,000 acres and destroying an estimated 5,700 structures, catastrophe modelling firm AIR Worldwide said on Oct. 16.   17 October 2017

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