Articles
Insurance
Lower catastrophe losses in the third quarter of 2018 have helped The Travelers Companies to more than double the profit in the period compared to the previous year. 18 October 2018
Insurance
Everest Insurance has appointed Chris McKeon to lead its risk management and commercial casualty business units. 18 October 2018
Insurance
Bermuda-based RenaissanceRe Holdings (RenRe) estimates losses from third quarter 2018 catastrophe events will have a net negative impact of approximately $155 million on its third quarter 2018 results of operations. 18 October 2018
Insurance
Broker Willis Towers Watson has formed a new claims resolution team to expand its advocacy capabilities and facilitate efficient financial recovery for its clients in complex and contested claims scenarios. 18 October 2018
Insurance
A jury verdict has awarded property/casualty re/insurer Fairfax Financial Holdings damages of $10.9 million against Exis Capital Management and related Exis companies, Adam Sender and Andrew Heller, according to a corporate statement. 17 October 2018
Insurance
US motor insurer Progressive is expecting a loss of up to $120 million from hurricane Michael. 17 October 2018
Insurance
US-based Marsh & McLennan Companies (MMC) has received the approval of the Federal Trade Commission to acquire UK-based Jardine Lloyd Thompson Group (JLT). 16 October 2018
Insurance
FedNat Holding Company estimates that its aggregate gross losses as a result of hurricane Michael will be approximately $275 million, the bulk of which will be covered by reinsurance. 16 October 2018
Insurance
Industry insured losses resulting from hurricane Michael’s winds and storm surge will range from $6 billion to $10 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide. 16 October 2018
Insurance
Private US property/casualty (P&C) insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, according to Verisk’s ISO and the Property Casualty Insurers Association of America (PCI). 16 October 2018
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