Run-off plan approved for United P&C (UPC) in Florida
The Florida Office of Insurance Regulation (OIR) has approved the run-off plan for the UPC Insurance owned carrier United Property...
News
HSB appoints Ian Fox as UK Head of Sales
Specialist engineering and technology insurer appoints new Head of Sales to lead UK Business Development teamFox has over 25 years’...
Chubb welcomes new head of cargo
Chubb has announced the appointment of Alex O’Brien as head of cargo for Chubb Global Markets (CGM), the...
Beazley’s third-party capital backed Smart Tracker approved as full Lloyd’s syndicate
From January 1st 2023, specialty insurance and reinsurance underwriter Beazley’s Smart Tracker special purpose arrangement (SPA) syndicate 5623 will now...
Expect 50%+ rate rises for US property cat reinsurance, 25%+ elsewhere: Goldman Sachs
Analysts at investment bank Goldman Sachs have concluded that US property catastrophe reinsurance rate increases may fall above 50% at...
Florida: Fannie & Freddie accept OIR’s reinsurance arrangement through Citizens
Positive news for Florida’s insurance carriers this morning as the Office of Insurance Regulation (OIR) has stated that mortgage giants...
Australian floods from October 2022 seen as AU $791m industry loss
The outbreak of severe flooding that affected parts of southeastern Australia during the month of October 2022 has been estimated...
Insurance professionals recognised for 'making a difference'
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has announced the newest winners of its annual Making...
ASIC takes insurer to court over claims handling 'failure'
The Australian Securities and Investments Commission (ASIC) has filed court proceedings seeking financial penalties against an insurer for allegedly breaching...
Strata review proposes revamp of 'convoluted' remuneration
Conflicts of interest that can’t be satisfactorily managed across the strata industry should be phased out, an independent review of...
