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