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Greenlight Re rating cut to negative outlook by AM Best
Underwriting losses add to “outsized” investment losses at hedge fund reinsurer
Ex-Catlin chiefs launch Convex with $1.8bn capital
New A-rated re/insurance venture aims to “challenge status quo”
AM Best sets out draft criteria for rating insurance innovation
Innovation to play a bigger role in deciding credit rating
US P&C insurers set to post third straight underwriting loss for 2018
However, AM Best says the industry’s overall risk-adjusted capital position remains extremely solid
Beazley launches cyber and executive risk division
The combined business lines accounted for about a quarter of premiums in 2018
Three US insurers sue California utility over Camp wildfire
Pacific Gas & Electric (PG&E), the Californian utility, plans filing for bankruptcy
Insurers' ERM shortcomings highlighted
AM Best expects companies operating in emerging markets will demonstrate improvements to ERM
Second Californian insurer put under review after fires
AM Best cites new insights from managers at California Capital Insurance
Asbestos and environmental losses fail to slowdown - AM Best
Overall asbestos and environmental losses have hit nearly $150bn
Rating agencies warn of insurtech bubble
A glut of money has flowed into insurtech start-ups, raising concerns that investors are fuelling a bubble in the sector. The situation has also highlighted the challenge of defining “true” insurtech innovation. US editor Sarfraz Thind reports