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H1 disaster claims drop by a third
Insured disaster losses for the first half of 2017 have come in $10bn below the 10-year average at $23bn, which was also down by 36 percent from a year earlier, according to Swiss Re's latest Sigma report.
Sofia Geraghty
,
17 August 2017
Opinion: Trump flood rollback
As with just about all things Trumpian, the US president's latest message has been clouded with unrelated and often inflammatory rhetoric that grabs headlines while obscuring the portent of his actions.
Ted Bunker
,
17 August 2017
QBE shares plunge after H1 results
QBE shares fell more than 7 percent after the Australian company released first-half results and announced a restructuring at its troubled emerging markets unit.
Bernard Goyder
,
17 August 2017
Nationwide plans to pump $100mn into tech ventures
Diversified carrier Nationwide intends to invest over $100mn in technology-focussed ventures under the leadership of Terrance Williams, the insurers marketing chief, and newly hired Scott Sanchez.
Ted Bunker
,
17 August 2017
Cyber security model law may raise costs, risks: Fitch
A new model statute dealing with cyber security and nearing final approval by the National Association of Insurance Commissioners (NAIC) is likely to raise insurer’s operating costs as well as their exposure to penalty and compliance risks, Fitch Ratings said today.
Ted Bunker
,
17 August 2017
AM Best goes negative on Tower
AM Best has changed its review status on the ratings of Tower Insurance Limited to negative after regulators blocked the proposed takeover of the New Zealand insurer by Suncorp late last month.
David Bull
,
17 August 2017
PartnerRe sells New York unit in streamlining drive
PartnerRe has agreed to sell PartnerRe Insurance Company of New York (PRNY) to Employers Group, as it continues to tidy its portfolio following its takeover by Agnelli family-controlled investment company Exor in March 2016.
Laura Board
,
16 August 2017
AmTrust promotes Gorelik to CIO to strengthen top ranks
AmTrust has elevated Ariel Gorelik to the role of chief information officer to further bolster the insurer's top management
Ted Bunker
,
16 August 2017
Greenlight Re fills new COO post
Greenlight Capital Re has named Mike Belfatti, a former chief actuary of Endurance and Validus, as chief operating officer in the latest of a series of senior hires
Bernard Goyder
,
16 August 2017
Besso and Decus sign up for PPL
London market broker Besso Insurance Group has agreed to join Placing Platform Limited (PPL), the electronic risk placement system being rolled out as part of the London market modernisation programme.
Bernard Goyder
,
16 August 2017
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