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Ecuador quake insured losses could reach $850mn: AIR
Catastrophe modelling firm AIR Worldwide has estimated industry insured losses from the magnitude 7.8 Ecuadorian earthquake at between $325mn and $850mn
Catrin Shi
,
21 April 2016
Allstate reveals Q1 hit from Texas hailstorms
US insurance giant Allstate has warned that it will absorb an $827mn hit to its first quarter results, stemming from a series of hailstorms in Texas earlier this year
Dan Ascher
,
21 April 2016
Travelers hit by Texas hail as price rises slow
Travelers reported a further deceleration in US P&C commercial rating momentum today (21 April), with its key rating indices now close to flat
Charlie Thomas
,
21 April 2016
Zurich’s Riordan returns to market with XL Catlin
XL Catlin has hired former Zurich North America Global Corporate CEO Dan Riordan as president of its global political risk and trade credit (PRTC) unit, the company announced today (21 April).
Matthew Neill
,
21 April 2016
Aon Securities: Q1 cat bond issuance up 31%
First quarter catastrophe bond issuance grew 31 percent year-on-year to $2.2bn, according to Aon Securities
Catrin Shi
,
21 April 2016
RMS: Japan quake economic losses could reach $3.5bn
Catastrophe risk management firm RMS has estimated economic property losses resulting from the earthquakes that hit Japan last week at between $2.5bn and $3.5bn
Matthew Neill
,
21 April 2016
Stephenson leaves Aon Benfield for Willis Re
Aon Benfield's chairman of marine and energy reinsurance Jack Stephenson has resigned to join Willis Re, The Insurance Insider can reveal.
Adam McNestrie
,
21 April 2016
Japan quake insured losses up to $2.9bn: AIR
Catastrophe modelling firm AIR Worldwide has estimated insured property losses from the earthquakes that struck Japan's Kumamoto prefecture last week at between 180bn yen ($1.7bn) and 320bn yen ($2.9bn)
Matthew Neill
,
21 April 2016
BP Marsh moves into Asia with ARB stake
Insurance venture capital firm BP Marsh has announced it has acquired a 20 percent stake in Asia Reinsurance Brokers (ARB) for a total consideration of 2.4mn Singaporean dollars ($1.8mn).
Charlie Thomas
,
21 April 2016
RLI profits jump 9% in Q1
US specialty insurer RLI saw operating earnings jump 9 percent to $24mn in the first quarter of the year, up from $22mn for the same period in 2015.
21 April 2016
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