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Insurance
Swiss Re has partnered with Denver-based geospatial insurance technology company SpatialKey to offer P&C insurers multiperil hazard data through SpatialKey’s proprietary underwriting solution. 13 February 2018
Insurance
US-based Prudential Financial (PFI) is acquiring a 13.1 percent stake in Hong Kong-based Peak Reinsurance Company via a wholly-owned subsidiary through an issuance of new shares. 13 February 2018
Insurance
Bermuda-based Arch has improved its financial performance in the fourth quarter of 2017 as underwriting profitability improved. 13 February 2018
Insurance
Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Lodestar Marine, a managing general agent (MGA) in the protection and indemnity (P&I) fixed premium marine market. 13 February 2018
Insurance
Total insured losses caused by hurricane Irma in Florida are estimated at $7.95 billion, according to latest information published by the Florida Office of Insurance Regulation. 13 February 2018
Insurance
Everest Insurance has hired Jeff Mickletz as director and senior underwriter within the excess casualty division of Everest Specialty Casualty. 13 February 2018
Insurance
Ascot Group has appointed Jerry Tegan, former president and CEO of RSG Underwriting Managers, as the executive chairman of Ethos Specialty Insurance Services. 12 February 2018
Insurance
American International Group (AIG) reported a net loss of $6.66 billion for the fourth quarter of 2017, compared to a net loss of $3.04 billion in the prior-year quarter. 9 February 2018
Insurance
US property/casualty insurer The Hartford reported a net loss of $3.7 billion for the fourth quarter 2017, primarily due to a $3.1 billion loss on discontinued operations related to the agreement in December to sell Talcott Resolution and a $877 million charge due to the reduction in the US corporate tax rate. 9 February 2018
Insurance
As technology evolves, reliable data from wearable devices should streamline and accelerate life insurance underwriting, SCOR said in a Feb. 9 blog. 9 February 2018
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