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Christie Smythe
Published by this author:
Fema extends flood insurance renewal grace period
Policyholders will have a grace period of up to 120 days before coverage lapses.
Christie Smythe
,
21 May 2020
S&P revises PartnerRe outlook to stable after Covéa deal falls through
The action follows similar moves by AM Best and Fitch after a proposed $9bn sale was dropped.
Christie Smythe
,
16 May 2020
Hamilton ‘poised to pounce’ on M&A opportunities: Ursano
The insurance group’s CFO says his firm is still eagerly looking out for “the right” deals to pursue, even amid the pandemic.
Christie Smythe
,
15 May 2020
Fitch shifts PartnerRe outlook to negative after Covea deal scuttled
An earlier positive outlook had reflected an anticipated benefit from ownership by a larger P&C, health and life insurance organisation.
Christie Smythe
,
15 May 2020
Judge slams MMC subpoenas to CAC hires as ‘fishing expedition’
The judge also allowed MMC to amend a trade secrets suit over employee defections to add further allegations about Cobbs Allen.
Christie Smythe
,
09 May 2020
Argo expects ‘magnitude’ of Covid-19 property claims to fall: Rehnberg
The carrier’s chief executive officer said the “vast majority” of BI cover in the US has virus exclusions.
Christie Smythe
,
09 May 2020
Covid-19 will be an ‘inflection point’ on pricing: Duperreault
AIG “remains in a strong financial position” despite the pandemic, the executive said.
Christie Smythe
,
05 May 2020
AIG feels impact from Covid-19 losses in Q1
The General Insurance division reported an underwriting loss of $87mn, driven by $272mn in Covid-19 claims.
Christie Smythe
,
05 May 2020
Berkshire Hathaway would write pandemic cover for 'the right price': Buffett
Warren Buffett told shareholders that the company has so far faced limited claims impact from the coronavirus.
Christie Smythe
,
04 May 2020
Berkshire Hathaway Q1 underwriting profit slips amid pandemic
The company reported a 7 percent dip in underwriting income as it took a hit from $230mn in Covid-19 claims.
Christie Smythe
,
03 May 2020
RLI sees 500 claims so far from coronavirus
Craig Kliethermes says full exposure from US state government shutdowns “will take significant time to reveal” itself.
Christie Smythe
,
22 April 2020
RLI earnings dip amid Covid-19 uncertainty
The carrier reports operating earnings of $29.8mn for Q1, down about 7 percent from the first three months of last year.
Christie Smythe
,
22 April 2020
If insurers want to lead us out of this crisis, and not be ruined by it, they need to stick to the straight and narrow
If insurers want to lead us out of this crisis, and not be ruined by it, they need to stick to the straight and narrow.
Christie Smythe
,
21 April 2020
MMC subpoenas 13 CAC employees as defection litigation ramps up
Process servers showed up at some employees’ homes on Thursday evening to deliver documents, according to sources.
Christie Smythe
,
18 April 2020
Venbrook names Ahuja COO to oversee top-line growth
Sonia Ahuja comes to the Los Angeles-based wholesale broker from Farmers Financial Solutions.
Christie Smythe
,
16 April 2020
P&C sector well-positioned for Covid-19 but ‘regulatory creep’ lurks: AM Best
The ratings agency discussed impacts from the pandemic and noted that it is still awaiting responses to a “stress test” questionnaire.
Christie Smythe
,
10 April 2020
Enstar reaches $465mn reinsurance deal for Lyft legacy reserves
The carrier has agreed to reinsure legacy business underwritten by Zurich from 1 October 2015 to 30 September 2018.
Christie Smythe
,
01 April 2020
Illinois theatres and restaurants sue insurer over Covid-19 business losses
The entities allege that Wisconsin-based Society Insurance should provide coverage for "necessary suspension" of business.
Christie Smythe
,
01 April 2020
Biba cancels 2020 conference over Covid-19 risks
The event was due to be held in Manchester Central on 13 and 14 May 2020.
Christie Smythe
,
24 March 2020
Pandemic product saw no takers before coronavirus: Marsh broker
Marsh is now seeking new carriers to cover pandemics as demand for its PathogenRX product rises.
Bernard Goyder
,
18 March 2020
Cruise line suit signals possible wave of coronavirus D&O claims
The case is likely the first over alleged misrepresentations to investors about the virus.
Christie Smythe
,
17 March 2020
US insurance stocks tumble as businesses, schools shut
The S&P 500 insurance index was down more than 13 percent at market’s close, while some insurers dropped more than 20 percent.
Christie Smythe
,
17 March 2020
CAC appoints O'Neil as SVP in financial lines legal and claims
Carrie O'Neil most recently served as senior vice president at JLT Specialty, leading the financial lines legal and claims team.
Christie Smythe
,
10 March 2020
Greenlight Re underwriting loss narrows to $15.8mn in Q4
The hedge fund reinsurer also posted improvements in investments for Q4 as it weighs strategic options as part of a review process.
Christie Smythe
,
10 March 2020
US P&C industry swings to underwriting profit in 2019: AM Best
Underwriting income for the industry climbed $4.9bn from the previous year, driven by growth in net premiums earned, according to AM Best.
Bernard Goyder
,
07 March 2020
IRB Resseguros ratings placed under review by AM Best
The Brazilian reinsurer's ratings were placed under review with negative implications after the sudden departure of its CFO and CEO.
Christie Smythe
,
07 March 2020
Stamping Office of Texas appoints new executive director
Greg Brandon, formerly of Valero Energy, succeeds interim executive director Don Meyer at the regulatory body.
Christie Smythe
,
07 March 2020
Reinsurer enthusiasm cools on InsurTech capacity deals
Munich Re's move to pull back capacity to Hippo comes as reinsurers are looking more cautiously at InsurTechs.
Bernard Goyder
,
06 March 2020
Atlantic Specialty settles with NBC Universal over war exclusion
The production company sought coverage after violence in Israel caused it to change filming locations for the show “Dig”.
Christie Smythe
,
06 March 2020
HW Kaufman completes acquisition of Barbican Protect
The UK-focused property and casualty MGA will become part of HW Kaufman's Burns & Wilcox platform.
Christie Smythe
,
05 March 2020
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