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Christopher Munro
Published by this author:
Argo draws ratings concerns from AM Best
The moves comes after a subpoena by the US Securities and Exchange Commission and the departure of CEO Mark Watson III.
Bernard Goyder
,
November 07, 2019
Modest alt cap decrease expected at 1.1 ahead of uptick
The sector will see a slight dip in capital at the upcoming renewals, but growth prospects are strong, panellists at an S&P conference predict.
Christopher Munro
,
November 07, 2019
Japanese reinsurance pricing ‘should double’, says Sirius’ Oberting
Scor’s John Jenkins and OdysseyRe’s Brian Young both believe “significant” change is needed in the pricing of Japanese business.
Christopher Munro
,
November 06, 2019
Duperreault declares Lexington changes ‘remarkable’
Industry veteran has “never seen anything like it” after admitting AIG was not “addressing the E&S market appropriately”.
Christopher Munro
,
November 06, 2019
AmWins adds Kaplan to alternative risk unit
Kaplan left his former company Swiss Re last month, this publication revealed.
Christopher Munro
,
November 04, 2019
Talbot’s Singapore unit appoints new CEO
The Singaporean business gained in prominence with the carrier’s decision earlier this year to shutter its operation in Lloyd’s China and its Sydney operation.
Christopher Munro
,
November 01, 2019
Selective names CEO successor amid AM Best outlook upgrade
AM Best upgrades the outlook of the A rated company from stable to positive.
Bernard Goyder
,
October 31, 2019
Universal and United reveal further prior year creep
The two Florida-based insurers have continued to suffer increased losses from prior year events such as Hurricanes Irma and Michael.
Christopher Munro
,
October 31, 2019
APCIA gripped by uncertainty as cat creep, social inflation and retro stoke fears
The conference in Boston also flagged anxiety about a third year of wildfire losses from California.
Christopher Munro
,
October 30, 2019
Arch open for more large commercial property risk
The company is among just a few carriers looking to write more business, CEO Marc Grandisson claims.
Christopher Munro
,
October 30, 2019
Everest Re considering fresh retro opportunities
The reinsurer is expecting the segment to see at least double-digit rate increases.
Christopher Munro
,
October 29, 2019
Everest Re’s Addesso and Andrade eye growth amid improving market
CEO and his soon-to-be replacement believe current market conditions play into the growing company’s hands.
Christopher Munro
,
October 29, 2019
Charter Lakes strikes capacity deal with Great American
Great American replaces Axa-XL as a paper provider for the AJ Gallagher-owned marine managing general agent.
Christopher Munro
,
October 25, 2019
Brit’s former Miami head opens new MGA
Property fac-focussed Brickell Underwriting Agency will open in early November and begin writing risks from 31 December.
Christopher Munro
,
October 24, 2019
Assurant facing $46mn pre-tax nat cat loss hit in Q3
The New York-headquartered carrier’s third quarter results suffered $33mn of pre-tax losses from Hurricane Dorian.
Christopher Munro
,
October 23, 2019
Rates failing to keep up with loss costs, warns Munich Re’s Levy
Improvements in pricing are not enough to match the spike in loss costs.
Christopher Munro
,
October 22, 2019
Tria failing to meet statutory goals, warns APCIA’s Gordon
Repeated increases to co-shares and deductibles mean there is no guarantee of market stability after a terrorist attack.
Christopher Munro
,
October 22, 2019
Progressive commits to Uber after James River withdrawal
Farmers Insurance reviews its options, while Allstate predicts a potential expansion of partnerships of transport network companies.
Christopher Munro
,
October 10, 2019
James River to end Uber coverage early after losses
James River also expects a pre-tax adverse development of $55mn to $60mn for the 2016 and 2017 underwriting years.
Bernard Goyder
,
October 08, 2019
Risk Strategies names Mina new CEO
Founder and current chief executive Michael Christian will move up to executive chairman.
Christopher Munro
,
October 08, 2019
Ex-Montpelier Re CEO Harris joins HSCM advisory board
Hudson Structured Capital Management has continued to add senior Bermudian (re)insurance talent to its advisory board.
Christopher Munro
,
October 07, 2019
CAC Specialty forms financial sponsors group
The newly formed broker builds out the service with additional hires.
Christopher Munro
,
October 03, 2019
Markel sells Brazil business in latest LatAm cut
Markel International has sold the remnants of its Brazilian business less than a year after it scaled back its involvement in the region.
Christopher Munro
,
October 01, 2019
CAC Specialty recruits defeat McGriff on injunction bid
A judge said there was no evidence the brokers’ conduct was “wrongful, malicious, unlawful or unjustified”.
Christie Smythe
,
October 01, 2019
Rate rises ‘imperative’ for profitability: Whitt
Further rate rises “aren’t just a nice to have”, Markel’s co-CEO said on Thursday.
Christopher Munro
,
September 26, 2019
Willis names Peiser as global head of broking
Peiser replaces Philip Smaje as global head of broking.
Christopher Munro
,
September 26, 2019
HW Kaufman acquires MGA Node International
The cyber and technology specialist will bolster the US buyer's existing London-based operations.
Christopher Munro
,
September 26, 2019
Nationwide targets $1bn of E&S brokerage business by 2023
Nationwide E&S/Specialty has set the ambitious target which would represent a fourfold increase in its current involvement in the segment.
Christopher Munro
,
September 24, 2019
Former JLT Specialty USA chief Rice becomes CAC Specialty CEO
The broker opened for business last month as a majority employee-owned response to the current bout of consolidation among major players.
Christopher Munro
,
September 23, 2019
Acrisure and Tulco launch AI-backed Altway Insurance
The new platform will work with Google and target sectors such as the shared economy.
Christopher Munro
,
September 19, 2019
EMCI shareholders give green light to EMCC deal
Shareholders voted in favour of the $36 per-share offer, with the deal set to close on Thursday.
Christopher Munro
,
September 18, 2019
Brit Re given A rating by AM Best ahead of casualty push
The rating agency cited the reinsurer’s balance sheet strength and parental support in its decision.
Christopher Munro
,
September 18, 2019
Cargo premiums failing to match exposure: Iumi
Broad cargo coverage is failing to match premium volume, Munich Re’s Sean Dalton said at Iumi’s conference.
Christopher Munro
,
September 17, 2019
Iumi’s Turner to confront marine’s ‘very painful period’
The marine body’s president cites political instability and digitalisation as being among the pressures on the sector.
Christopher Munro
,
September 16, 2019
FoTs for Cali Wildfire Fund reinsurance set at 9%
The programme being offered only covers Sempra and CalEdison, but PG&E could be added in future.
Christopher Munro
,
September 11, 2019
Consensus forms around $3bn to $5bn insured Dorian loss
AIR last week predicted up to $3bn in insured losses in the Caribbean from the storm.
Christopher Munro
,
September 10, 2019
Cyber (re)insurance to continue ‘exponential’ growth: Munich Re
The reinsurer predicts annual cyber market premium expansion of between 25 percent to 30 percent.
Christopher Munro
,
September 08, 2019
Aon readies reinsurance auction platform for 1.1
The new vehicle will cut negotiating times while providing contract certainty.
Christopher Munro
,
September 08, 2019
Axa XL reshuffles reinsurance management as Watson retires
John Welsh will become international markets chief at the start of next year.
Christopher Munro
,
September 06, 2019
Berkshire Hathaway to receive $737.1mn for Applied stake
Terms of the deal for the workers’ compensation carrier have now been released.
Christopher Munro
,
September 04, 2019
ISS recommends EMCI shareholders support EMCC offer
Independent proxy advisory firm makes recommendation weeks before deciding vote takes place.
Christopher Munro
,
September 03, 2019
Dorian strengthens to Cat 4 hurricane
Hurricane Dorian has intensified further and is now a Category 4 storm.
Christopher Munro
,
August 31, 2019
Sirius unveils business segment leaders in underwriting drive
The company has created a new management committee as it refocuses on disciplined underwriting.
Christopher Munro
,
August 29, 2019
Florida-exposed (re)insurers’ share prices dip as Dorian strengthens
Dorian’s strengthening to hurricane status has impacted those companies who can expect to suffer losses if the storm makes landfall in Florida.
Christopher Munro
,
August 28, 2019
NFP continues FI growth with Sheffield hire
QBE North America’s Tom Sheffield is the latest addition to NFP’s financial institutions and private equity team.
Christopher Munro
,
August 21, 2019
Pembroke deal ‘a transformative step’ for Hamilton: Albo
The acquisition will allow the business to expand both its insurance and reinsurance operations, CEO Pina Albo said.
Christopher Munro
,
August 21, 2019
Ursano named Hamilton CFO as Reiss takes new role
Tony Ursano will formally join Hamilton Insurance Group in September, four months after leaving TigerRisk.
Christopher Munro
,
August 20, 2019
Brit shuts down Miami office, moves LatAm business elsewhere
The Lloyd’s insurer will carry on writing LatAm business from London.
Bernard Goyder
,
August 05, 2019
Swiss Re CorSo withdraws from US medmal
The underperforming division is working to reduce annual gross premiums written by $900mn.
Catrin Shi
,
August 01, 2019
Commercial auto ‘well below’ targets despite rate hikes: Hanover’s Roche
Corrective pricing action is moving commercial auto unit in the right direction, but more is still to be done, the executive said.
Christopher Munro
,
August 01, 2019
Swiss Re Corporate Solutions exits space and curtails general aviation
General aviation and space are the latest sectors to be targeted in the division’s overhaul.
Adam McNestrie
,
August 01, 2019
Remedial work underway for Q2 concerns, says United Insurance’s CEO
The Florida-based insurer has already taken steps to improve its business in the Sunshine State and New York.
Christopher Munro
,
July 31, 2019
United Insurance suffers ‘tough’ Q2 as reserves and AOB bite
Prior years’ development more than offset a slight reduction in catastrophe losses during the second quarter of 2019.
Christopher Munro
,
July 31, 2019
Markel beats consensus as co-CEOs praise operating units
Markel beats second quarter operating earnings expectations by 2.7 percent as favourable reserve development drops by $38.9mn.
Christopher Munro
,
July 30, 2019
Rate rises remain ‘spotty’ and more still needed: Addesso
Encouraging signs that the (re)insurance industry will continue to see rate rises, says Everest Re’s CEO.
Christopher Munro
,
July 30, 2019
NatGen confirms homeowners’ QS ceding commission cut
The homeowners’ ceding commission was cut from 42.5% to 36% following significant losses.
Christopher Munro
,
July 29, 2019
TransRe welcomes new exec as it considers LatAm’s potential
Latin America offers potential to grow as the reinsurer welcomes Jorge Beltran as regional president.
Christopher Munro
,
July 29, 2019
Mercury doubles cat limit after going through top in 2018
Chief executive confirms “sizeable rate increases in each layer”.
Christopher Munro
,
July 29, 2019
NFP hires Marsh JLT Specialty’s Flippen to lead FI
The hire is the latest in a growing list of people to swap Marsh JLT Specialty for NFP.
Christopher Munro
,
July 26, 2019
Markel to open new retro unit targeting 2020 renewals
The company is also placing its Markel Catco reinsurance fund into run-off.
Christopher Munro
,
July 25, 2019
FedNat closes up 6.35% after Capital Returns makes activist move
Capital Returns has nominated a new board member before seeking discussions with FedNat’s management over various strategic matters.
Christopher Munro
,
July 23, 2019
Kingstone stops writing commercial liability business
The move comes after a reserve strengthening and commercial liability moratorium imposed during the first quarter of this year.
Christopher Munro
,
July 23, 2019
ILS specialist Livingston returns to Willis Towers Watson
After an almost two-year absence, Brad Livingston is rejoining the broker to focus on ILS business.
Christopher Munro
,
July 19, 2019
RMS caps Barry losses at $500mn
Half of the insured loss arising from Barry will fall on the National Flood Insurance Program, the risk modeller predicts.
Christopher Munro
,
July 18, 2019
Atlas offshoots placed into rehabilitation by Illinois regulator
The operations are making moves to help protect the business as an ongoing concern.
Christopher Munro
,
July 10, 2019
Palomar exposure to Cali quakes ‘considerably less’ than XoL cover
Specialty property carrier Palomar Holdings’ excess of loss reinsurance programme will remain unscathed by losses from the recent earthquakes.
Christopher Munro
,
July 08, 2019
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