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Insurers settle Frenchman’s Reef claim for $247mn

The resort’s owner said it had settled its dispute with XL, Lloyd’s underwriters and US Fire over a Hurricane Irma claim.

Christie Smythe, February 20, 2020
Aquiline appoints former Ironshore CEO Kelley as executive adviser

Former Ironshore and Lexington CEO Kevin Kelley has joined the PE firm.

John Hewitt Jones, February 20, 2020
TransRe lines up behind Hippo on renewal

The move follows the exit of Munich Re as the homeowners’ managing general agency’s treaty reinsurer last year.

Bernard Goyder, February 20, 2020
Aspen exits international marine and energy liability at Lloyd’s

Market sources said the carrier was no longer accepting submissions across those classes of insurance.

Anna Sagar, February 20, 2020
Argo announces two new directors

Argo continued to drip feed details of its negotiated settlement with activist Voce, with two new board members.

IPC Research, February 20, 2020
Alleghany reports op. loss on higher cats, CapSpecialty reserve charge

Alleghany reported an operating loss of $5.87/sh on Wednesday, a deterioration from last year’s operating loss of $4.35/sh.

IPC Research, February 20, 2020
Employers' and Amerisafe’s Q4 provide lens on competitive Workers’ Comp Market

Both the public workers’ comp pure-plays reported Wednesday with somewhat conflicting signals.

IPC Research, February 20, 2020
Willis Towers Watson places Miller up for sale

Goldman Sachs has been retained by the global broker to advise on the divestiture.

Adam McNestrie, February 20, 2020
Progressive stumbles on the expectations escalator

Progressive reported solid January results, but its stock still under performed the market by ~3% on the day as it became the latest to face the pressures of meeting elevated expectations in auto.

IPC Research, February 20, 2020
Gallagher lands Willis’ Klaus in aviation expansion

The broker has made six global aviation hires as the battle for staff in the market continues.

Samuel Casey, February 20, 2020

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