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Market on watch for potential $1bn of downstream energy losses
Cameroon’s Sonara refinery and Algeria’s Arzew production plant have both been hit by fires in the past month.
Adam McNestrie
,
July 09, 2019
Florida and US P&C pricing surge boosts reinsurer sentiment
Casualty rides coat tails of advances in US primary lines, while cat shows uneven improvement.
Adam McNestrie
,
July 09, 2019
D&O claims risk from climate change intensifies
Panellists at a Clyde & Co conference warn that a broadening array of climate change-related litigation will soon start affecting insurers.
Laura Board
,
July 09, 2019
Hippo targets $100mn plus raise at unicorn valuation
Talks are underway between the Silicon Valley firm and venture investors over the next raise, at a valuation of over $1bn.
Bernard Goyder
,
July 09, 2019
Assurant drops cat retention and buys more limit at renewal
Assurant is targeting less volatile earnings after amending its reinsurance programme.
Bernard Goyder
,
July 08, 2019
WR Berkley hires Westcott to lead Berkley Re America
Westcott was most recently chief operating officer of reinsurance at The Navigators.
Laura Sanicola
,
July 08, 2019
Alleghany pulls sale of CapSpecialty
The Citibank-run sale process attracted interest from The Hanover.
Adam McNestrie
,
July 08, 2019
Worldwide Facilities preps for sale process
The acquisitive wholesale brokerage will come to market with adjusted Ebitda of $50mn.
Adam McNestrie
,
July 08, 2019
California EQ damages likely in the low hundred millions: USGS
Data from the United States Geological Survey suggests the population centres that suffered shaking measured as strong or above were limited
Gavin Davis
,
July 08, 2019
Palomar exposure to Cali quakes ‘considerably less’ than XoL cover
Specialty property carrier Palomar Holdings’ excess of loss reinsurance programme will remain unscathed by losses from the recent earthquakes.
Christopher Munro
,
July 08, 2019
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