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Laura Sanicola
Published by this author:
Property market braces for $250mn-$300mn Tyson facility claim
Axa XL leads the Arkansas-headquartered food company’s property programme, according to market sources.
Laura Sanicola
,
30 August 2019
JLT’s captive practice leader Towle departs
Marsh’s captive practice leader Ellen Charnley will continue to lead the unit, this publication understands.
Laura Sanicola
,
27 August 2019
Downgrades outpace upgrades in H1 2019: AM Best
The commercial lines segment of the P&C industry recorded 11 upgrades and 13 downgrades in H1 2019.
Laura Sanicola
,
27 August 2019
Tropical storm Dorian could strengthen to hurricane by Tuesday
Dorian is the fourth named tropical storm of the Atlantic hurricane season.
Laura Sanicola
,
26 August 2019
Commercial property overtakes auto in rate hardening race: CIAB
New data from CIAB shows commercial property saw rates rise by 8.5 percent in 2019’s second quarter owing to wildfires and midwestern losses.
Laura Sanicola
,
23 August 2019
B3i adds first Chinese shareholder
The addition of China Pacific Insurance Group comes weeks after IRB Brasil Re’s $3.9mn investment.
Laura Sanicola
,
22 August 2019
Liberty Mutual names lead excess casualty and public entity CUOs
The two will report to David Perez, EVP and general manager of national insurance specialty.
Laura Sanicola
,
21 August 2019
Hamilton completes Pembroke acquisition
The deal doubles Hamilton’s total premium base on a pro forma basis to $1.1bn.
Laura Sanicola
,
21 August 2019
E&S property hardening picks up as admitted market sheds business
More disciplined underwriting and increased submissions are driving rate in the property space.
Laura Sanicola
,
20 August 2019
PG&E’s liability for 2017 Tubbs Fire will be decided by citizen jury
The decision, made by a US bankruptcy judge, sent PG&E shares plummeting by as much as 30 percent on Monday.
Laura Sanicola
,
20 August 2019
Brown & Brown acquires agricultural agency
CKP will operate as a new stand-alone office within Brown & Brown’s retail segment.
Laura Sanicola
,
16 August 2019
Willis Re’s Rubenstein returns to Guy Carpenter
This publication understands that the hire comes as the Guy Carpenter looks to further strengthen its capabilities in mutuals space.
Laura Sanicola
,
15 August 2019
Ohio Insurance Department aims at modernising with new hires
Hamlin will serve as policy adviser for emerging products and Demory will be in charge of the new positions to assist in agency oversight.
Laura Sanicola
,
14 August 2019
FedNat receives approval to close Maison deal
The acquisition is now slated to be completed soon after 30 November.
Laura Sanicola
,
14 August 2019
Arch sues USC over $215mn sex abuse settlement
The insurer says it shouldn’t have to cover the university’s settlement because the policy contained an abuse and molestation exclusion.
Laura Sanicola
,
14 August 2019
NRA probed by NY regulator over possible insurance kickbacks: report
The move follows regulatory scrutiny in other states over the offering of Carry Guard policies.
Laura Sanicola
,
13 August 2019
Ascot taps Allied World's former Bermuda-based excess casualty team
The team includes Allied World’s Bermudian branch manager for excess general casualty Patrick Kenahan.
Laura Sanicola
,
12 August 2019
Hiscox’s GL line underwriter Waddell to join Convex
At Convex, Nick Waddell will be reunited with former Catlin casualty colleague Dan Curran.
Catrin Shi
,
12 August 2019
ProSight debuts with underwriting profit in Q2
The Morristown, New Jersey-based specialty carrier posted a combined ratio of 98.1 percent.
Laura Sanicola
,
09 August 2019
Sompo GRS forms small business team
Sompo GRS mid-market leader Matt Burns will oversee the small business team.
Laura Sanicola
,
09 August 2019
Third Point Re transfers additional $400mn to fixed income investments
The investment changes will support the company’s continued push into the property catastrophe space.
Laura Sanicola
,
08 August 2019
Third Point Re affirms CEO, posts improved profit in Q2
The Bermudian total return (re)insurer affirmed Daniel Malloy as CEO and appointed him to the company’s board of directors.
Laura Sanicola
,
08 August 2019
Altamont acquires Topa for undisclosed sum
Topa Equities will maintain a minority stake in the specialty insurer following the deal's closing.
Laura Sanicola
,
07 August 2019
FedNat will hold shareholder meeting ‘shortly’: Braun
The CEO discussed the company’s response to a lawsuit by Capital Returns Management during a conference call Wednesday.
Laura Sanicola
,
07 August 2019
HCI misses Q2 consensus on reserve strengthening
The combined ratio was 92.9 percent, a deterioration of 3.6 percentage points from the prior-year period.
Laura Sanicola
,
07 August 2019
FedNat swings to underwriting loss on wind and hail events
FedNat’s combined ratio was 101.5 percent, up 2.5 percentage points from the prior-year period.
Laura Sanicola
,
07 August 2019
Greenlight Re liquidation a 'remote' possibility: Einhorn
Chairman David Einhorn noted Credit Suisse has relationships with a “broad number of strategic partners”.
Laura Sanicola
,
06 August 2019
Floridian carriers grapple with weather losses and AOB in Q2
The three Sunshine State carriers that reported earnings last week suffered operating losses in the quarter.
Laura Sanicola
,
06 August 2019
Axis, AIG and Axa XL hold largest gross exposure to Capital One cyber loss
Further details of the cyber placement show the risk is fairly evenly spread across the US, Bermuda and London markets.
Catrin Shi
,
06 August 2019
Greenlight Re retains Credit Suisse to conduct strategic review
The Simon Burton-led reinsurer's move follows heavy investment losses and an AM Best revision of its financial strength rating outlook to negative.
Laura Sanicola
,
06 August 2019
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