Articles
Insurance
Chubb is expanding the property/casualty (P&C) business as it takes advantage of price increases. 25 July 2018
Insurance
More than $1.1 billion in claims has been paid by July 12, 2018 to policyholders because of damage caused by hurricane Irma, according to latest data from the US Federal Emergency Management Agency (FEMA). 24 July 2018
Insurance
Tokio Marine Holdings and Intact Financial are leading a $90 million investment in San Francisco-based startup MetroMile, according to a July 23 Bloomberg News report. 24 July 2018
Insurance
Two bond insurance subsidiaries of Assured Guaranty have filed an adversary complaint challenging the constitutionality of appointments to the Financial Oversight and Management Board for Puerto Rico (Oversight Board). 24 July 2018
Insurance
Risk modelling and analytics firm RMS has promoted Reed Birnbaum as chief financial officer (CFO), from his prior post of senior vice president, finance and analytics. 24 July 2018
Insurance
US-based re/insurance broker Brown & Brown has increased organic revenue by 5.2 percent year on year in the second quarter of 2018 to $472.7 million on an adjusted basis and excluding a new revenue standard. 24 July 2018
Insurance
Pioneer Underwriters, an underwriting group within Minova Insurance Holdings, has appointed James Sharpington as an underwriter in its Pioneer CAT team. 23 July 2018
Insurance
The Federal Emergency Management Agency (FEMA) warned over the consequences if the US congress fails to reauthorise the National Flood Insurance Program (NFIP) that will expire on July 31, 2018. 23 July 2018
Insurance
US specialty insurer RLI Corporation was impacted by a $5.5 million net decrease to underwriting income in the second quarter due to volcanic activity in Hawaii, and chief operating officer Craig Kliethermes explained during the results conference call that there is no reinsurance cover available for such catastrophe events. 23 July 2018
Alternative Risk Transfer
US-based property/casualty insurer Travelers has increased its catastrophe bond coverage to take advantage of the favourable pricing environment while reducing traditional reinsurance purchase, Travelers chief financial officer Jay Benet said during the second quarter 2018 conference call. 23 July 2018
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