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Australian insurers ‘well placed’ amid $3.3bn cat claims: regulator
APRA chairman Wayne Byres tells lawmakers carriers remain sufficiently capitalised to respond to new events.
Samuel Casey
,
March 09, 2020
Argo ex-CEO’s $3.3mn of perks included Met Gala tickets, family jet rides
The expenses were made public in a disclosure to investors on Friday.
Bernard Goyder
,
March 07, 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
,
March 06, 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
,
March 06, 2020
IFRS 17 delay to January 2023 in the cards
A further one-year delay to the new accounting framework would mark a victory for industry groups.
Laura Board
,
March 06, 2020
Florida House passes tort reform measure
The law would make it harder for attorneys to use contingency risk multiplier fees.
Bernard Goyder
,
March 06, 2020
Aon and Willis Towers Watson standstill ends
A second takeover run by Greg Case’s broker would come as the target contemplates its CEO succession.
Rachel Dalton
,
March 06, 2020
Sirius reports $117mn Q4 loss as woes deepen
Sirius reported an operating loss of $117mn in Q4 2019, a 13% improvement from the loss in the prior-year period, as its painful week continued.
IPC Research
,
March 06, 2020
HCI returns to growth, led by InsurTech platform TypTap; U/W margins improve amid lighter cat quarter
Floridian specialist HCI released results last night, reporting operating earnings of $0.76/sh that missed analyst estimates, alongside a bullish update on its acquisition of a book of business from Anchor and signs of rapid growth in its InsurTech unit.
IPC Research
,
March 06, 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
,
March 06, 2020
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