US / Americas

Starr continues aviation expansion drive with Brazil operation

Starr Insurance Companies’ Brazilian subsidiary has been granted a local license to offer aviation insurance.

US to sign post-Brexit insurance pact with UK

The US Treasury and US Trade Representative’s office said on Tuesday they intended to sign a new bilateral insurance agreement with the UK that will provide insurance market regulatory certainty and continuity after Britain leaves the European Union.

PURE expands E&S wildfire offering

High net worth (HNW) insurer The PURE Group has expanded its MGA offering in wildfire-struck California to provide broader coverage to high value, high-risk homes than would normally be available in the excess and surplus lines (E&S) market.

$7bn Acrisure refuels for further M&A growth

Acrisure has secured significant new investment from key backers led by Blackstone in a transaction that implies a valuation of over $7bn for the rapidly growing US-based intermediary.

AIG and Chubb came off PG&E casualty tower: sources

AIG and Chubb look to have avoided exposure to wildfire losses from PG&E’s $700mn general liability tower after declining to renew the cover in the summer despite vastly improved pricing on the deal, The Insurer can reveal.

Markel didn’t invest in CatCo’s $2.3bn+ “reload”

Markel Corp didn’t invest in CatCo’s mammoth $2.3bn+ fund raising that occurred in late 2017 after Hurricanes Harvey, Irma and Maria caused more than a $100bn+ of industry losses while tying up billions of dollars of capital among ILS funds.

Markel CatCo shares fall to all-time low following regulatory investigation revelation

Shares in the listed fund of retro investment specialist Markel CatCo fell 25 percent in London trading today (06 December) as the firm revealed US and Bermuda authorities are looking into loss reserves recorded in late 2017 and early 2018 at CatCo and its subsidiaries.

Markel CatCo under investigation by US/Bermuda authorities

Markel CatCo - a leading provider of collateralised retro capacity - confirmed last night it is under investigation by “US and Bermuda authorities” over its loss reserves.

Majority of $10bn+ wildfire damage to be covered by insurance: Aon

The majority of the losses stemming from the wildfires that ravaged parts of California last month will be insured, according to Aon.

AIR pegs Camp Wildfire insured losses at $6bn - $9bn

Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from the Camp Fire in Northern California will be between $6bn and $9bn.

European P&C insurers face deteriorating CR in 2019

European Property & Casualty insurers will likely experience a modest deterioration in combined ratios and investment returns in 2019.

Wave of senior departures at AmTrust as go-private deal completes

There has been a trio of high-profile exits at AmTrust in the wake of the completion of its $2.95bn take-private deal with Stone Point Capital last week.

Beasley takes reins as Trisura Specialty heads to $100mn GWP

US hybrid fronting carrier Trisura Specialty has named seasoned insurance executive Michael Beasley as its president and CEO as part of a management reshuffle, The Insurer can reveal.

AIR pegs Woolsey Wildfire insured losses at $2.5bn

Catastrophe risk modelling firm AIR Worldwide has estimated insured losses from the Woolsey Fire in Southern California will be at least $2.5bn.

Culture shift driving a world of ‘fewer, lighter and leaner’ carriers

The number of carriers in the (re)insurance market will shrink as (re)insurers adapt to evolving market conditions, Michael Millette, managing partner of Hudson Structured Capital Management has said.

Blockchain needs to be adopted by all to be of use

Senior executives from the Bermuda market have debated the benefits blockchain technology can bring to the (re)insurance market.

R&Q inks self-insured legacy and workers comp deal

London-listed R&Q is to provide full finality to an unnamed California-based self-insurer though its newly rebranded program underwriting division Accredited.

AIG’s 25% giant casualty cede could be a watershed moment...

The firm order terms (FOTs) on AIG’s huge core US casualty quota share may be seen as a watershed moment for reinsurers and their prospects of improving economics at the upcoming 1.1 renewal.

AIG sets 25% cede on giant casualty QS

AIG and its broker Aon have put out firm order terms (FOTs) on the insurer’s new core US casualty quota share that include a 25 percent ceding commission and 1 percent brokerage, Re-Insurance can reveal

Cali wildfire property losses estimated at $15bn to $19bn

The Camp and Woolsey wildfires which devastated California over the past two and a half weeks could cause $15bn to $19bn in residential and commercial losses, according to the property mapping firm CoreLogic.

Region

Topics

Events & Conferences

Content Types