Insurance

Mapfre reports revenue of EUR24.8bn as Mapfre Re profit jumps 75%

Mapfre recorded a net result of EUR677mn, a 20% increase on the year prior.

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LSM war and terror head Beattie exits for Talbot

Talbot is rebuilding its PV team after a December Ark and Chaucer raid.

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HDI and Arch among James River bidders as final bid deadline looms

Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.

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Agile Underwriting targets Asta-managed syndicate-in-a-box

The Australian outfit is the latest in a flurry of Lloyd’s start-ups.

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AIG cut spend by $200mn on 1.1 property cat reinsurance program: Zaffino

Its property cat aggregate cover renewed with improved coverage.

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Miami a vital hub for Lloyd’s syndicates, coverholders: Tiernan

LatAm represents $1.3bn in premiums, the Caribbean $1bn and Bermuda $700mn.

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Arch Capital Q4 CoR rises 5.4 points to 78.9% on higher cat losses

During the quarter, it booked $137mn in cat losses versus $34mn a year ago.

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Casualty reinsurance renewals saw ‘modest’ rate changes in 2023: AM Best

Reinsurers maintained ‘ample’ capacity for 1 January renewals.

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Tower expects to reach or exceed top end of underlying profit guidance for FY24

The carrier set the initial profit guidance to NZ$22mn-NZ$27mn.

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Dual adds Allianz’s Dixon as UK CUO and eyes expansion

The MGA has also hired Axa’s Rob Corner and IQUW’s Catherine Farnworth.

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Vermont’s Consumer Protection Suit Against Energy Firms Returned to State Court

The federal district court in Burlington, Vermont recently granted the state attorney general’s mo...

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After Promising to Make Government Health Care Data More Accessible, the Biden Administration Now Wants to Clamp Down

by T. Christian Miller ...

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Howden to Acquire Captive Manager ARM Group Holdings

Howden, the London-based insurance intermediary group, announced it has agreed to acquire ARM Group ...

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People Moves: Kestenbaum to Manage New Burns & Wilcox Boston Office; ShoreOne Names Voss Claims Officer

Burns & Wilcox Names Kestenbaum Managing Director of New Boston Office Insurance broker Burns &a...

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Tinder, Other Match Dating Apps Encourage Compulsive Use, Lawsuit Claims

Match Group was sued on Wednesday in a proposed class action claiming that its dating apps Tinder, H...

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Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best

Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about soc...

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Bankruptcy Judge Permits Insurance Payments for Bed Bath & Beyond Executives

The directors and officers of Bed Bath & Beyond will have their legal costs related to the retai...

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Oracle Women Fought 7 Years for Equity, Only to Win an Extra Paycheck or Two

Oracle Corp. female employees who fought the company in court for almost seven years over gender-pay...

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Trial in Fatal New Mexico Movie Shooting to Focus on How Live Ammunition Got on Set

The scheduled trial next week of a movie weapons supervisor in the fatal shooting of a cinematograph...

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Facebook Faces $3.7B UK Mass Action Over Market Dominance

Facebook must face a collective lawsuit valued at around 3 billion pounds ($3.77 billion) over alleg...

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West Virginia Bill Stokes Fears About Pesticide-Producing Logging Facility

CHARLESTON, W.Va. (AP) — A West Virginia bill approved by the House of Delegates on Tuesday that l...

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