Articles
Insurance
Bermuda-based AXIS Capital Holdings has hired Chubb's Keith Schlosser as new chief information officer (CIO). 16 January 2019
Insurance
Investors have launched a lawsuit against Markel Corporation over loss reserves at its wholly-owned subsidiary Markel CATCo Investment Management following the disclosure of regulatory probes by the US and Bermuda authorities. 16 January 2019
Insurance
Thomas Firouz Motamed, former CEO of CNA Financial Corporation, has been elected to the board of directors of American International Group (AIG). 16 January 2019
Insurance
The Hanover Insurance Group expects catastrophe losses of $50 million pre-tax for the fourth quarter of 2018. 16 January 2019
Insurance
The total estimated insured losses from hurricane Michael have reached $5.02 billion, according to the Florida Office of Insurance Regulation. 16 January 2019
Insurance
US-based Kemper Corporation estimates that its fourth quarter 2018 results will include pre-tax catastrophe losses, including the impacts of the California wildfires, ranging from $25 million to $30 million, net of reinsurance. 15 January 2019
Insurance
Cayman Islands-based reinsurer Greenlight Capital Re has become the largest shareholder in US managing general agent (MGA) AccuRisk following its latest investment in the company. 15 January 2019
Insurance
Specialty insurer OneBeacon has recruited the chief underwriting officer (CUO), executive liability practice, of Great American Insurance Group. 15 January 2019
News
Swiss Re has estimated its preliminary combined claims burden from recent natural catastrophes booked in the fourth quarter of 2018 at approximately $1.0 billion, net of retrocession and before tax, mainly affecting the reinsurance operations. 15 January 2019
Insurance
Mondelez, the US food company that owns the Oreo and Cadbury brands, is suing Zurich Insurance for refusing to pay out on a $100 million claim for damage caused by the NotPetya cyber attack in what is seen as the first major legal dispute over how companies recover the costs of a cyber-attack. 15 January 2019
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