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Christie Smythe
Published by this author:
Covid-19 property claims expected to fall: Argo CEO
The “magnitude” of claims could ease in future quarters, Argo CEO Kevin Rehnberg said.
Christie Smythe
,
11 May 2020
Buffett: Berkshire Hathaway would insure pandemic for 'right price'
Warren Buffett said the company faces a more limited impact from the virus than some other insurers.
Christie Smythe
,
04 May 2020
Demand soars for formerly rejected pandemic product: Marsh broker
The policy would have likely paid out due to the coronavirus crisis.
Bernard Goyder
,
18 March 2020
FedNat reveals Q4 pre-tax adverse development of $12mn
The Floridian has strengthened reserves for attritional homeowner losses amid continuing impacts from assignment of benefits issues.
Christie Smythe
,
20 February 2020
Arch writes opportunistic retro at 1.1
The carrier said the market was in the early stages of rate change and it was hard to know how long improvements would last.
Christie Smythe
,
14 February 2020
NFIP secures $1.33bn cover
The government secured a slight expansion in the level of cover obtained across the middle layer of the programme.
Christie Smythe
,
03 January 2020
Reinsurers win bid to arbitrate $50mn Integrand claims dispute
Everest, Swiss Re, Aspen and other reinsurers were accused by Integrand of delaying payment of claims from Irma and Maria.
Christie Smythe
,
12 December 2019
Senate reauthorises NFIP to 20 December
The Independent Insurance Agents & Brokers of America expressed concern about the lack of a longer term solution for keeping the programme afloat.
Christie Smythe
,
22 November 2019
State National founder and CEO Ledbetter set to retire
Terry Ledbetter will be replaced by president Matthew Freeman from 1 January 2020.
Christie Smythe
,
14 November 2019
Markel strikes deals with ex-Catco execs Belisle and Fredricks
The firm has settled with Fredricks and will enter binding arbitration with Belisle.
Christie Smythe
,
16 July 2019
Pioneer hires Willis Re’s ILS leader Souter as head of capital
Andrew Souter will be responsible for capital and reinsurance purchasing functions within the MGA.
Adam McNestrie
,
13 June 2019
Commercial P&C prices rose again in Q1, says CIAB
It is the sixth consecutive quarter of primary market increases, according to the organisation.
Christie Smythe
,
17 May 2019
PG&E caused California’s Camp Fire, says Cal Fire
This will have implications for Allstate, State Farm, USAA and other insurers which have sued the utility over Camp Fire losses.
Christie Smythe
,
16 May 2019
Scor Global P&C increases premiums 9.6% to EUR548mn at 1.4
Rates rose by almost 15 percent for cat programmes in the Japanese market, according to the French reinsurer.
Christie Smythe
,
18 April 2019
Aon-Willis tie-up mooted: report
Preliminary talks have been held, Bloomberg reported.
Christie Smythe
,
05 March 2019
Markel offers all Catco investors special redemption rights
A Markel executive said he expects most investors will seek to cash out by March 31.
Christie Smythe
,
06 February 2019
PG&E paid $26.8mn for Cal Phoenix Re bond
The beleaguered Californian utility’s innovative $200mn wildfire liability catastrophe bond cost the company $26.8mn.
Christie Smythe
,
04 February 2019
CalFire clears PG&E of Tubbs Fire liability
The utility still faces investigation for this year’s Camp Fire.
Christie Smythe
,
25 January 2019
Insurers sue PG&E over Camp Fire
The utility is facing scrutiny over its possible role in sparking the blaze, which was the most destructive in California’s history.
Christie Smythe
,
07 January 2019
Fema halts NFIP funding
Just days ago President Donald Trump signed a five-month extension to the state facility into law.
Christie Smythe
,
28 December 2018
Bermuda holds 58% of alternative capital
The Bermuda Monetary Authority pegs the global pot of alternative reinsurance capital at $89bn.
Christie Smythe
,
27 December 2018
Report likens AOB crisis to ‘hidden tax’
Insurers are passing on costs associated with Florida’s AOB crisis to consumers, the Insurance Information Institute said.
Christie Smythe
,
18 December 2018
Benchimol to stay at Axis for 5 more years
The Axis Capital CEO’s employment term has been extended to 31 December 2023.
Christie Smythe
,
12 December 2018
Insurers seek to shift wildfire losses to utilities
Insurers are seeking to claim roughly $10bn through subrogation lawsuits against Pacific Gas and Electric in relation to the 2017 wildfire losses.
Christie Smythe
,
07 December 2018
AIR pegs Woolsey fire losses at $2.5bn
Woolsey was one of two highly destructive wildfires in California last month.
Christie Smythe
,
03 December 2018
Markel completes Nephila purchase
Nephila's sale to Markel has completed, giving the (re)insurance holding company a 20 percent share of the overall ILS market.
Christie Smythe
,
15 November 2018
AlphaCat’s Zeng gets expanded role
The AlphaCat CEO will assist AIG with the use of modelling technologies.
Christie Smythe
,
02 November 2018
Axa XL to lose van Zanden
The former XL Catlin executive controlled one of the biggest portfolios of ceded reinsurance in the market.
Adam McNestrie
,
02 November 2018
Everest Re forecasts $240mn Q3 cat losses
The losses are a result of claims from Hurricane Florence, California wildfires, typhoons Jebi and Trami and flood losses in Japan.
Christie Smythe
,
19 October 2018
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