News

Insurance

Run-off: An insight into the biggest ever run-off startup

At the start of 2017 Premia Holdings, a company dedicated to the run-off market, was founded on Bermuda with $500 million of capital—a deal that represented one of the biggest capital raisings in the sector. In an interview first published in sister publication Bermuda:Re+ILS, CEO Bill O’Farrell explains why he expects fast growth in the run-off sector.   10 May 2017

Insurance

$9.8bn AIG deal and insurance losses weigh on Berkshire’s Q1 results

A $9.8 billion reinsurance deal with AIG and the UK’s Ogden discount rate change weighed on Berkshire Hathaway’s first quarter results.   8 May 2017

Insurance

AM Best downgrades Aegon US subsidiaries outlook to 'negative'

Ratings agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the US life/health subsidiaries of Netherland-based insurance group Aegon.   8 May 2017

Insurance

Euler Hermes Q1 profits drop but combined ratio improves

France-based credit insurance company reported lower net income for the first quarter of 2017 but the combined ratio improved as the company implements actions to protect profitability.   8 May 2017

Insurance

China’s regulator bans Anbang Life for three months

China's insurance regulator has barred Anbang Life Insurance from applying to issue new products for three months, the latest move in an industry-wide crackdown, Reuters reported May 5.   8 May 2017

Insurance

Essent Group’s Q1 profits rise as business expands

Bermuda-based mortgage insurance provider Essent Group has expanded its business in the first quarter of 2017, helping to lift profits.   8 May 2017

Insurance

Markel CATCo appoints chief risk officer, co-chief underwriting officer

Markel CATCo Investment Management has appointed Alissa Fredricks as chief risk officer, and Simon Moore as co-chief underwriting officer alongside Lindsay Watson.   8 May 2017

Awards

Lloyd’s CEO Inga Beale named 'insurance woman of the year' by APIW

The chief executive officer of Lloyd’s Inga Beale has been selected as this year’s recipient of the APIW Insurance Woman of the Year award.   8 May 2017

Insurance

Chubb enhances financial lines covers in UK and Ireland

Property/casualty insurer Chubb has enhanced its financial lines covers in the UK and Ireland.   8 May 2017

Insurance

MS Amlin offers new fleet product

Specialty re/insurer MS Amlin has launched a new mini fleet product for brokers and clients through the Acturis e-trading platform.   8 May 2017

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