31 August 2016

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Claims woes continue for Swiss Re Corporate Solutions after North American single-risk hits

29 July 2016

The troubling 2016 claims experience for beleaguered Swiss Re Corporate Solutions (SRCS), the industrial insurance arm of the reinsurer, has continued in the second quarter after it absorbed two large man-made North American casualty lossesRead more


Karfunkels cancel ACP Re reinsurance deals

29 July 2016

The Michael Karfunkel Family 2005 Trust is to inject $200mn of capital into Tower Group acquisition vehicle ACP Re to cover reserve deteriorations and will cancel an outwards reinsurance deal with AmTrust and National General Holdings, which would probably otherwise have been hitRead more


North American casualty losses buffet Swiss Re

29 July 2016

Swiss Re Corporate Solutions, the industrial insurance arm of the global (re)insurer, saw its net income slump during the second quarter as it absorbed the impact of two large man-made casualty losses in North America, which had occurred in Q3 and Q4 2015Read more


Brit H1 underwriting decline bolstered by investments

29 July 2016

Underwriting profits at Brit Insurance fell by two-thirds during the first half of 2016, while the group's operating profits increased by a whopping 280 percent, boosted by strong investment returnsRead more


JLT Re adds new North American senior broker

28 July 2016

JLT Re has appointed Pete Chandler as executive vice president (EVP) and managing broker in the reinsurance broker's San Francisco officeRead more


Arch profits stable after modest cat losses

28 July 2016

Arch Capital Group reported a 3.7 percent decrease in profits during the second quarter, with after-tax operating income of $140.6mn compared with the prior year period, as it fared better than its Bermudian peers from catastrophe losses during the quarterRead more


XL latest to suffer Q2 cat sting

28 July 2016

XL Group has joined the long parade of carriers suffering extensive losses from the spate of large losses in the second quarter of 2016 as operating profits fell to $106.4mn, a 57 percent decline on the $245.8mn posted in Q2 2015Read more


Argenta hires energy and political risks underwriters

27 July 2016

Argenta Holding's Singapore-based subsidiary Argenta Underwriting Asia (AUA), has appointed Ian Picton as energy underwriter for the Asia Pacific region, reporting to Argenta Syndicate 2121's principal underwriter in Asia, Scott SykesRead more


Lancashire dodges Q2 cat bullet

27 July 2016

Lancashire appears to have avoided the worst of the second quarter series of catastrophe events, with its exposure to the Fort McMurray wildfire and Q2 energy losses contained within the company's reinsurance programme, according to group CFO Elaine WhelanRead more


Capsicum builds up cyber team with trio of hires

27 July 2016

Specialist reinsurance broker Capsicum Re has hired Patrick Bousfield, Jane Palmer and Alice O'Dwyer-Smith to its cyber team, based in the firm's London officeRead more


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