Barry Goldstein has returned as CEO of US regional insurer Kingstone Companies and targeted improved profits, following Dale Thatcher resigning after seven months in the role.
Moody’s has upgraded the financial strength rating of Odyssey Reinsurance Company to A2 from A3, with a stable outlook.
XPT Group subsidiary Western Security Surplus (WSS) has launched a workers compensation division with the hires of Dan Rieden and Matt Rieden.
CoreLogic is the latest to release a Hurricane Barry estimate, saying total insured losses including the National Flood Insurance Program (NFIP) will be between $400mn and $800mn.
Covea and Groupama are expected to be some of the hardest hit at the primary level following the devastating storm damage last month which caused widespread damage to fruit farmers in the Auvergne-Rhone-Alps region, the ‘orchard of France’, The Insurer understands.
United Insurance Holdings (UPC Insurance) has warned it expects to incur $15mn of adverse development from accident year 2018 and $16mn of net losses from second quarter catastrophes.
US wholesale broker CRC has added an investment advisors liability product to its exclusive Insurisk platform with capacity thought to be provided by specialty insurer Markel, The Insurer can reveal.
The UK’s Financial Services Compensation Scheme (FSCS) has agreed a deal to secure replacement cover for bankrupt Danish insurer Alpha Insurance’s policyholders with a new, solvent insurer.
The Association of British Insurers (ABI) has called on UK Justice Secretary David Gauke to rethink the “misleading and wholly disingenuous” impact assessment that underpinned his decision to lift the Ogden discount rate by less than expected.
AIG has appointed James Love to the role of global head of real estate, as the carrier looks to optimise its real estate footprint globally.
Bermudian (re)insurer Hamilton has hired Venkat Krishnamoorthy to assume the newly-established position of chief technology officer (CTO), as the group looks to boost efficiency and bottom-line performance.
US insurer CNA has named Jeremy Winter senior vice president and Chicago branch manager, replacing Steve Wachtel who is retiring after a 40-year insurance career.
Bermuda-headquartered legacy firm Catalina has named Steve Ryland as CEO of its UK business.
Italian insurance giant Assicurazioni Generali has reached a deal to buy Portuguese insurer Seguradoras Unidas and service company AdvanceCare from US private equity fund Apollo Global Management for a total of Eur600mn ($675mn).
RMS has estimated that insured US losses from Hurricane Barry will not exceed $500mn, with about half of the total set to be absorbed by the National Flood Insurance Program (NFIP).
Investors reacted negatively to preannounced hail and wind-related losses for the second quarter from Florida homeowners insurers Heritage and FedNat.
Applied Underwriters has said it is pleased with a settlement under which New York’s Department of Financial Services (DFS) found the Berkshire Hathaway subsidiary overcharged many small and medium-sized employers for unapproved workers compensation products that violated New York law.
US specialty carrier RLI Corp struck a noticeably more optimistic tone than in the recent past as it commented on pricing momentum in its second quarter earnings call this morning.
Richard Lowther, managing principal at Hiscox Re Insurance Linked Strategies, is to leave the company.
German powerhouse Munich Re has said it expects to make a profit of Eur1bn ($1.12bn) in the second quarter, delivering a consolidated result 37 percent higher than the Eur728mn in the same three-month period in 2018.
The Financial Conduct Authority (FCA) plans to reassess its conduct regulation after Britain has completed its withdrawal from the European Union, the regulator’s chief executive Andrew Bailey has said.
Three Lockton Re executives have made a new filing in their dispute with Guy Carpenter, saying their former employer’s claims of violations of their fiduciary duties and restrictive covenant agreements (RCAs) are “an illegitimate attempt to stifle fair competition”.
US Commercial insurance prices have risen for six consecutive quarters, creating a “long-awaited” hard market, according to analysis from equity analysts Jefferies.
Bermuda-based alternative risk management solutions provider Artex has promoted Stephen Thompsett to chief operating officer and Brandon Marshall to chief financial officer.
Anthony Dagostino has joined Lockton as executive vice president and global cyber and technology practice leader.
US retail and wholesale broker BB&T Insurance Holdings has reported organic growth for the second quarter that more than doubled from 5.2 percent to 11.6 percent to reach what it said was the highest level in its history.
Wholesale and specialty broker Ed has appointed marine cargo specialist Jennifer D’Arcy to the new role of executive vice president and head of facultative reinsurance.
US insurance giant Allstate has pegged its second quarter losses at $1.07bn pre-tax, with no single event expected to attach to its reinsurance program.
Florida-based homeowners specialist Heritage expects approximately $21.5mn of net weather-related losses in the second quarter, primarily from four wind and hail storms in the southeast.
Allianz X, the $1bn technology investment arm of German giant Allianz, has injected $20mn into environmental, social, and governance (ESG) metrics provider, Arabesque S-Ray, in a bid to make more sustainable investment decisions.