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Chaucer promotes James Wright to Chief Risk Officer

21st January 2020

Specialty international insurance and reinsurance group, Chaucer, has promoted James Wright to Chief Risk Officer (CRO), effective April 1st, 2020. In his new role, Wright takes responsibility for the direction, performance and management of the company's enterprise wide risk management framework, which includes underwriting risk management, and exposure management. He has been ... Read the full article

All elements of China Re’s Chaucer acquisition now finalised

11th April 2019

International specialty insurance and reinsurance group, Chaucer, has announced that China Reinsurance Corporation (China Re) has completed the acquisition of Chaucer Insurance Company DAC in Ireland and SLE in Australia, from The Hanover Insurance Group, Inc. China Re announced it had finalised its takeover of Chaucer in December 2018, noting ... Read the full article

China Re completes acquisition of Chaucer

31st December 2018

China Re has successfully completed its previously announced acquisition of the holding company of Chaucer, the London-based and Lloyd's focused specialty re/insurance business of The Hanover. The transaction was valued at around $950 million, made up of a cash consideration of $865 million paid by Hong Kong listed China Re, ... Read the full article

JLT Re North America appoints Ariel Hernandez to Senior Vice President

5th March 2018

JLT Re North America has appointed Ariel Hernandez as Senior Vice President, set to lead the analytics efforts for the Caribbean, Central America and broader Latin America Region as part of the Miami treaty team. Hernandez joins JLT Re from a treaty underwriter role with the Chaucer Syndicates of The Hanover ... Read the full article

18 companies join The Institutes RiskBlock Alliance blockchain consortium

21st February 2018

The Institutes RiskBlock Alliance has announced that 18 companies have joined the risk management and insurance industry’s first enterprise-level blockchain consortium. The RiskBlock Alliance seeks to leverage the blockchain to lower industry transaction costs while increasing the speed and security of data transfers among customers, industry stakeholders, and third parties. RiskBlock Alliance ... Read the full article

Bensinger of TigerRisk appointed to Baldwin & Lyons board

16th February 2018

Property and casualty insurance holding company Baldwin & Lyons, Inc. has appointed Steven J. Bensinger, of TigerRisk Partners, LLC, to the firms Board of Directors. Bensinger brings more than 40 years of experience in insurance and reinsurance at executive levels to Baldwin & Lyons. Currently, Bensinger is a Partner & Senior Advisor at ... 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