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Reinsurance broker and consultant JLT Re and CX Insurance Services have announced a new partnership for the launch of CXIS’s P&C retention and policy growth programme. 10 November 2017
Insurance
A major wildfire outbreak that erupted in portions of California starting during the month of October is set to become the costliest insured wildfire in history, according to the Aon Benfield’s Global Catastrophe Recap report for October. 9 November 2017
Insurance
Munich Re expects around €350 million net profit for the full year of 2017 subject to fourth quarter developments but sees significant signs of improvement in the operating environment for 2018, chief financial officer Jörg Schneider suggested. 9 November 2017
Insurance
The Travelers Companies estimated fourth-quarter catastrophe losses related to the California wildfires, including estimated recoveries from reinsurance, to be in the range of $525 million to $675 million pre-tax. 9 November 2017
Insurance
Insurtech start-up Betterview has released a commercial drone inspection package to allow insurers to capture, organise and analyse imagery of buildings and property. 9 November 2017
Insurance
Specialty property/casualty insurer AmTrust Financial Services is further divesting assets to strengthen its capital position while reporting a loss for the third quarter. 9 November 2017
Insurance
Munich Re incurred a net loss of €1.4 billion in the third quarter of 2017 due to the impact of natural catastrophes in North America but expects “significant” market recovery. 9 November 2017
Insurance
Beazley enjoyed strong growth overall in the first nine months of 2017 but its reinsurance division shrank as the company reduced it because of continued rate decreases – a trend it expects to reverse on cat business, at least, because of the recent heavy losses in North America. 9 November 2017
Insurance
Zurich Insurance Group posted a steady set of results for the first nine months of the year but said that it anticipated improvements in pricing now on the back of the recent heavy cat losses in North America. 9 November 2017
Insurance
Jay Nichols, the former chief executive officer of Axis Re, has joined New York-based specialty personal lines insurer National General Holdings as an independent member of the board of directors. 9 November 2017
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