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Compre expands US operation with seven new hires
21st August 2023
Bermuda-headquartered Compre, an international legacy group, has announced the appointment of seven US claims specialists, effective immediately. To accommodate the new team members - all of whom will report to North America claims director Bill Bouvier - Compre has moved its US headquarters to new offices in Manchester, New Hampshire. The appointments ... Read the full article
Mark Totolos appointed Ascot US SVP
11th April 2023
Specialty insurer and reinsurer Ascot has announced the appointment of Mark Totolos as Senior Vice President, Captive Solutions, Ascot US. Totolos will be a part of the Portfolio Solutions group and will report into Tony Lyons, Head of Portfolio Solutions. In this newly created role, he will be responsible for setting and ... Read the full article
Hurricane Ian a “very expensive earnings event,” says KBW
3rd October 2022
Analysts at KBW have said they expect Hurricane Ian to represent a “very expensive earnings event” for the insurance and reinsurance companies it covers, rather than a capital event. Following new re/insurance industry loss estimates of $63 billion by KCC and $42-57 billion by Verisk, KBW has made put ... Read the full article
US personal auto insurers see sharp decline in underwriting performance: Fitch
24th August 2022
Fitch Ratings says that US personal auto insurers saw a sharp deterioration in underwriting performance for 1H22, according to mid-year segment results from public company GAAP filings, with many insurers’ combined ratio (CR) rising above 100% for the period. It said in a statement that these loss trends are likely to ... Read the full article
The Hartford reports strong income growth for Q4 and full-year
4th February 2022
US property and casualty insurer The Hartford has reported 36% growth in net income for the fourth quarter of 2021 and growth of 37% for the full year. Q4 income amounted to $724 million, with the company attributing the quarterly improvement to a decrease in P&C net unfavourable prior accident year ... Read the full article
Skyward Specialty to begin quoting health business
4th May 2021
Specialty property and casualty insurer Skyward Specialty Insurance Group has announced that it will begin to quote business to its select producer partners after stating its intention to enter into the Healthcare Professional Liability business. At launch, underwriting will focus on out-patient medical services centres such as dialysis centres, labs, and ... Read the full article
Catalina Holdings adds two to UK board
25th January 2021
Legacy specialist Catalina Holdings has appointed Anthony Mason as Chair, and Penny Shaw as Non-Executive Director of its UK Board. These appointments follow the planned departure of current long term Chair, Tim Cox, and Independent Non-Executive Director, David O’Connor. Mason is a qualified actuary and brings a mix of experience across investments, ... Read the full article
Orchid & Homesite set up new Florida insurer
12th November 2020
Orchid Underwriters Agency, a specialty underwriter of catastrophe-exposed property insurance, has partnered with US property insurer Homesite to create a new Florida-based reciprocal insurance company. The new company, called TRUE (Trusted Resource Underwriters Exchange), is domiciled in Tampa and will offer owner-occupied homeowners insurance, as well as bundled, optional coverages and ... Read the full article
Chubb remains top writer of cyber lines in 2019: AM Best
29th July 2020
According to a new AM Best report, Chubb held on to its place as the top writer of cyber lines in the US in 2019, writing almost $360 million in DPW, while expanding its market share to 17.6%, up from 16% in the previous year. AXA XL remains the ... Read the full article
COVID-19 insurer & reinsurer loss reports
27th July 2020
COVID-19 loss reports and reserves reported by insurance or reinsurance companies This table documents publicly reported COVID-19 pandemic-related losses, IBNR reserves and estimates from insurance and reinsurance companies. The data was originally collected by Zurich-based financial services advisory PeriStrat LLC, operated by Hans-Joachim Guenther, and has now been ... Read the full article
ACORD reveals 2020 Board of Directors
24th January 2020
ACORD, the international standards-setting body for the insurance sector, has announced that the ACORD Board will be chaired by Tony Mattioli, the Chief Information Officer (CIO) at AssuredPartners Inc, with Kirk Behrens, Global COO at Aon as Vice-Chair. ACORD's Board of Directors for 2020 is comprised of 24 members, including seven ... Read the full article
Aon set to acquire SME insurtech platform CoverWallet
20th November 2019
Global re/insurance brokerage Aon has announced that it has entered into an agreement to acquire CoverWallet, a digital insurance platform for small to medium-sized businesses (SMEs). Aon previously made a strategic investment into the insurtech back in May 2019, and the firms agreed to work together in the SME space ... Read the full article
Chaucer enters marine insurtech partnership with Concirrus
19th March 2019
Chaucer, the specialty international (re)insurance group, has announced a new partnership with insurtech firm Concirrus, which is focused on driving technological change in the marine insurance market. The partnership will enable Chaucer to benefit from the use of Concirrus’ Quest Marine platform, which analyses billions of historical and real-time data to ... Read the full article
Argo expecting $44m dent to Q4 results
18th January 2019
Specialty re/insurer Argo Group International has announced a preliminary, pre-tax catastrophe loss estimate for Q4 2018 of $32 million, a figure net of reinsurance and reinstatement premiums, and including losses related to certain aggregate excess of loss contracts. The company said it also expects results from the fourth quarter to take ... Read the full article
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