Articles
Insurance
Chubb’s net profits soared in the third quarter reaching $1.2 billion in the period compared with a net loss of $70 million in the same period a year earlier, when it was hit by multiple natural catastrophes. Its combined ratio for the period was 90.9 percent compared with 110.8 percent in the same period a year earlier. 24 October 2018
Insurance
Bermuda-based AXIS Capital Holdings has bolstered its board of directors with the appointment of a senior executive from Deutsche Bank. 24 October 2018
Insurance
Re/insurers must make it their priority to better understand cyber risk and absorb more of this liability—serving a vital role for society and generating growth for the industry in the process, Doris Höpke, member of Munich Re’s board of management, told Baden-Baden Today. 24 October 2018
Insurance
Property/casualty insurer Liberty Mutual Insurance is undertaking a strategic review of its London-based Pembroke Managing Agency, which came into its portfolio when it acquired lronshore in May 2017. 23 October 2018
Insurance
Broker Brown & Brown is acquiring the insurance operations of Minneapolis-based Hays Companies, a brokerage firm that operates across 21 US states. 23 October 2018
Insurance
Bermuda-based re/insurer Arch Capital has unveiled key leadership changes while creating a new organisational structure dedicated to specific lines of business. 22 October 2018
Insurance
US personal lines insurer Allstate Corporation has estimated catastrophe losses for the month of September 2018 at $177 million, pre-tax ($140 million after-tax). 22 October 2018
Insurance
Following multiple quarters of missed earnings, American International Group’s (AIG’s) large third quarter cat losses will further weigh on investor sentiment, Morgan Stanley said in a note. 20 October 2018
Insurance
American International Group (AIG) expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion. 19 October 2018
Insurance
London-based managing general agent (MGA) startup Agile Risk Partners and US-based insurtech OnRisk are collaborating to develop an advanced, CAD-style platform for underwriting, structuring and distributing high-value P&C risk. 19 October 2018
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