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Litigation financing is driving up GL costs: Liberty Mutual
More than half of attorneys surveyed by the carrier said litigation finance has prolonged the time it takes to settle losses.
John Hewitt Jones
,
August 08, 2019
Aon says insurers to cover bulk of $2bn US July storm losses
Insurers have paid out $300mn for Hurricane Barry so far, according to the broker.
Samuel Casey
,
August 08, 2019
Greenlight Re invests in InsurTech Handdii
The investment is the 12th by the innovation unit since it was founded last year.
Anna Sagar
,
August 08, 2019
Third Point Re transfers additional $400mn to fixed income investments
The investment changes will support the company’s continued push into the property catastrophe space.
Laura Sanicola
,
August 08, 2019
AIG shares up 5% following bumper Q2 earnings
Earnings per share easily exceeded analysts’ forecasts, while the overall and North American commercial insurance combined ratio both improved significantly.
Anna Sagar
,
August 08, 2019
Lexington halves P&C limits as AIG repositions book
The carrier meaningfully cut back gross limits while booking rate gains to improve the quality of its general insurance portfolio in Q2.
Catrin Shi
,
August 08, 2019
AIG: The three-step master plan
We have written extensively our conviction 2019 would prove an inflection point. However, it is now clear even we underestimated the extent management would wield the axe.
IPC Research
,
August 08, 2019
Liberty Mutual Q2 operating income declines on Jebi losses
General liability and reinsurance premiums written over the period fell as the carrier reported elevated catastrophe and liability claims.
John Hewitt Jones
,
August 07, 2019
Healthcare losses to weigh on ProAssurance for ‘foreseeable future’
The Alabaman carrier’s loss ratio deteriorated by 8.2 percentage points to 80.5 percent.
Bernard Goyder
,
August 07, 2019
Third Point Re affirms CEO, posts improved profit in Q2
The Bermudian total return (re)insurer affirmed Daniel Malloy as CEO and appointed him to the company’s board of directors.
Laura Sanicola
,
August 07, 2019
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