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K2 to acquire Pioneer
Pioneer Underwriters revealed today (4 February) that it has agreed a deal with K2 Insurance Services in which the US-based MGA will take on Pioneer’s four remaining underwriting teams.
February 04, 2020
The Hartford recovers $117mn from Berkshire ADC in 2019
Cumulative ceded incurred losses under the ADC with Nico are now $640mn
Catrin Shi
,
February 04, 2020
AFG takes $58mn hit from Neon exit
The charge relates to reserve strengthening and other associated run-off costs, and added 5.5 points to the P&C combined ratio in Q4.
Samuel Casey
,
February 04, 2020
The Hartford lowers aggregate reinsurance retention to $700mn
The carrier has also lowered the upper limit of the policy by $100mn to $900mn.
John Hewitt Jones
,
February 04, 2020
CinFin promotes Delaney to senior VP
Angela Delaney takes up the new post across CinFin’s P&C insurance subsidiaries.
John Hewitt Jones
,
February 03, 2020
WR Berkley recruits Argo executive as CUO of E&S writer Verus
The executive joins Verus after about 20 years with Bermudian carrier Argo.
Bernard Goyder
,
February 03, 2020
AM Best places National Lloyds and American Summit under review
The action follows the sale of the two Texas insurers to Align Financial Holdings.
John Hewitt Jones
,
February 03, 2020
Erie chief investment officer placed on leave over domestic violence charges
In an unrelated incident, another Erie employee was dismissed over criminal charges involving invasion of privacy.
Bernard Goyder
,
February 03, 2020
‘Thinly capitalised’ Floridians sensitive to rising reinsurance costs: AM Best
Companies with high reinsurance dependence face “difficult choices”, the ratings agency said in a new report.
Bernard Goyder
,
February 03, 2020
Everest previews $215mn in Q4 cat losses; $190mn from Hagibis, $25mn from Dallas tornado
Everest is the latest to report its Q4 cat loss total, following Axis, Chubb and Allstate.
IPC Research
,
February 03, 2020
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