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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
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