Articles
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
Insurance
US power utility firm PG&E is preparing to file for Chapter 11 bankruptcy as it faces potential liabilities resulting from the 2017 and 2018 Northern California wildfires. 14 January 2019
Insurance
US-based global insurance broker AmWINS Group is acquiring The Flood Insurance Agency (TFIA), a Florida-based managing general agency (MGA) that specialises in private market flood insurance. 14 January 2019
Insurance
ASQ Underwriting, part of Alliant Underwriting Solutions, has launched a programme to provide bespoke transactional risk insurance to broker trading partners across North America. 14 January 2019
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