Articles
Insurance
Hurricane Florence drenched North Carolina with more downpours on Sunday, Sept. 16, damaging tens of thousands of homes and threatening worse flooding as rivers fill to the bursting point, Reuters reported on Sept. 16. 17 September 2018
Insurance
Bermuda-based Fidelis Insurance is replacing its chief underwriting officer and Bermuda CEO Ben Savill who will “leave to pursue other opportunities”. 14 September 2018
Insurance
Hurricane Florence will cause $30-60 billion in economic impact and damage, according to estimates by commercial weather forecasting services provider AccuWeather. 14 September 2018
Insurance
Tens of thousands of homes are without power and sea water is sloshing through coastal streets as hurricane Florence begins lashing the US East Coast, according to a BBC News Sept. 15 report. 14 September 2018
Insurance
A recovery of the US excess and surplus (E&S) lines insurance market is benefitting US property & casualty (P/C) insurance companies, according to a Fitch Ratings report. 14 September 2018
Insurance
Validus Specialty has expanded its product suite with the launch of crisis management insurance solutions in the US, and appointed Jane McCarthy to lead the development of the new portfolio. 14 September 2018
Alternative Risk Transfer
The re/insurance industry should brace itself for losses of between $15 billion and $20 billion, according to the guidance of risk modelling agencies and analysts. 13 September 2018
Insurance
Hurricane Florence has weakened to a Category 2 storm as it approaches landfall in the US – but it is very slow moving and could linger the coastline bringing catastrophic flooding and heavy losses to insurers. 13 September 2018
Insurance
Private equity firm The Carlyle Group will acquire the majority ownership of technology-driven risk solutions provider Sedgwick in a transaction valued at approximately $6.7 billion. 13 September 2018
Alternative Risk Transfer
Hurricane Florence could trigger the risk transfer mechanisms put in place by the National Flood Insurance Program (NFIP) – for the second year in a row. 13 September 2018
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