The Chinasat 18 communications satellite i

Space market faces $250mn Chinasat loss

2019-08-22T10:30:00+01:00

The beleaguered space market is facing a possible $250mn loss as a result of post-launch problems with a China Satcom (Chinasat) satellite, The Insurer can reveal.

David Ross – Ardonagh

Ardonagh weighs liquidity options to spur growth ambition

2019-08-22T13:32:00+01:00

Ardonagh Group CEO David Ross has said his firm is “constantly re-evaluating” its liquidity options to fuel the next stage of growth, which will see the acquisitive broking consolidator look to double in size “within three years”.

Eichorn – Denali

Eichhorn launches MGA and wholesaler Denali Specialty

2019-08-21T15:58:00+01:00

Former Keating and Breckenridge executive Michael Eichhorn has launched a new MGA and wholesale brokerage platform called Denali Specialty Group, The Insurer can reveal.

Digit

Fairfax-backed Digit targets Indian SME market with bank tie-up

2019-08-22T11:11:00+01:00

Digit Insurance, the India-based general insurance start-up backed by Prem Watsa’s Fairfax Financial, has entered into a bancassurance deal with Karur Vysya Bank (KVB).

RSG and The SuiteLife

Ryan Specialty Group to acquire The Suitelife

2019-08-22T12:25:00+01:00

Expansive managing general agency Ryan Specialty Group (RSG) has agreed to acquire the assets and operations of US programme manager The Suitelife (Suitelife).

David Ross – Ardonagh

Ardonagh weighs liquidity options to spur growth ambition

2019-08-22T13:32:00+01:00

Ardonagh Group CEO David Ross has said his firm is “constantly re-evaluating” its liquidity options to fuel the next stage of growth, which will see the acquisitive broking consolidator look to double in size “within three years”.

Eichorn – Denali

Eichhorn launches MGA and wholesaler Denali Specialty

2019-08-21T15:58:00+01:00

Former Keating and Breckenridge executive Michael Eichhorn has launched a new MGA and wholesale brokerage platform called Denali Specialty Group, The Insurer can reveal.

Digit

Fairfax-backed Digit targets Indian SME market with bank tie-up

2019-08-22T11:11:00+01:00

Digit Insurance, the India-based general insurance start-up backed by Prem Watsa’s Fairfax Financial, has entered into a bancassurance deal with Karur Vysya Bank (KVB).

RSG and The SuiteLife

Ryan Specialty Group to acquire The Suitelife

2019-08-22T12:25:00+01:00

Expansive managing general agency Ryan Specialty Group (RSG) has agreed to acquire the assets and operations of US programme manager The Suitelife (Suitelife).



2 Trucks

Commercial auto rate hikes overtake loss costs

US insurers are indicating the road ahead for commercial auto is smoother than in recent years, despite no slow down in the loss cost trends that have made it such an unprofitable line.

Capital One – Cyber attack

Commentary: cyber alarm cries get louder

The recent Capital One breach is not close to a market changing event for cyber underwriters – but other warning signs are emerging that this growing line of business could be heading for a fall.

Lloyds-hurricane

Analysis: Jebi and Michael deterioration hits Lloyd’s big guns in latest syndicate forecasts

A number of heavyweight Lloyd’s (re)insurers have posted worsening 2018 results because of a deteriorating claims experience from Japan’s Typhoon Jebi and the US’ Hurricane Michael but in contrast the market’s 2017 result continues to improve, analysis of the latest syndicate forecast returns by The Insurer has shown.

2 Trucks

Commercial auto rate hikes overtake loss costs

US insurers are indicating the road ahead for commercial auto is smoother than in recent years, despite no slow down in the loss cost trends that have made it such an unprofitable line.

Capital One – Cyber attack

Commentary: cyber alarm cries get louder

The recent Capital One breach is not close to a market changing event for cyber underwriters – but other warning signs are emerging that this growing line of business could be heading for a fall.

Lloyds-hurricane

Analysis: Jebi and Michael deterioration hits Lloyd’s big guns in latest syndicate forecasts

A number of heavyweight Lloyd’s (re)insurers have posted worsening 2018 results because of a deteriorating claims experience from Japan’s Typhoon Jebi and the US’ Hurricane Michael but in contrast the market’s 2017 result continues to improve, analysis of the latest syndicate forecast returns by The Insurer has shown.



Tony Ursano – NYIF 2019

Ursano appointment signals more deals at Hamilton

Tony Ursano’s return to the market as Hamilton Insurance Group CFO after his recent TigerRisk exit may from the outside look a little left field. But the appointment of a deal maker suggests the Bermudian may not be done with M&A after its transformative Pembroke and Ironshore Europe transaction.

Bermuda, Hamilton

The Insurer comment: Bermuda bellwether for market again

For a small island some 800 miles off the Carolinas, Bermuda has punched above its weight to carve out a position as a key (re)insurance center over the last 35 years.

Swiss Re Corporate Solutions

Other People’s Payback…

A veteran underwriter provided The Insurer with a succinct definition of one of those rare phenomena: a hard market.

Tony Ursano – NYIF 2019

Ursano appointment signals more deals at Hamilton

Tony Ursano’s return to the market as Hamilton Insurance Group CFO after his recent TigerRisk exit may from the outside look a little left field. But the appointment of a deal maker suggests the Bermudian may not be done with M&A after its transformative Pembroke and Ironshore Europe transaction.

Bermuda, Hamilton

The Insurer comment: Bermuda bellwether for market again

For a small island some 800 miles off the Carolinas, Bermuda has punched above its weight to carve out a position as a key (re)insurance center over the last 35 years.

Swiss Re Corporate Solutions

Other People’s Payback…

A veteran underwriter provided The Insurer with a succinct definition of one of those rare phenomena: a hard market.