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Insurance
Bermuda-based Blue Capital Reinsurance Holdings said that it expects third-quarter catastrophe losses of $57.5 million, net of reinsurance and reinstatement premiums. 19 October 2017
Insurance
Specialty insurance provider Assurant and warranty solutions provider The Warranty Group, a portfolio company of TPG Capital, have entered into a definitive agreement to merge operations. 18 October 2017
Insurance
American International Group (AIG) said on Oct. 18 that it has partnered with United Airlines to offer its travel insurance products and services on the airline’s website and mobile app. 18 October 2017
Insurance
Insured losses from the Californian wildfires will be close to $4.6 billion and growing as the fires continue, Moody’s said in an Oct. 16 sector comment. 18 October 2017
Insurance
Starr Companies is introducing commercial primary auto coverages in all provinces and territories in Canada. 18 October 2017
Insurance
While reinsurers are no longer obliged to have a branch or subsidiary on the other side of the Atlantic to be able to operate there after the implementation of the EU-US Covered Agreement, they are likely to keep the local units, according to ratings agency AM Best. 18 October 2017
Insurance
Bermuda-based specialty re/insurer Argo Group International Holdings said on Oct. 16 that it expects a pre-tax catastrophe loss for the third quarter of 2017 of $85-110 million, net of ceded reinsurance recoverables, reinstatement premiums and expected profit commissions. 17 October 2017
Insurance
A lot of insurers have been forced to reevaluate how much reinsurance they’re buying in the aftermath of the losses from hurricanes Harvey, Irma and Maria (HIM), Mike Schnur, partner at TigerRisk, told PCI Today. 17 October 2017
Insurance
Some insurtech startups are ditching their original business plans and becoming managing general agents (MGAs) because of their frustration at how long it takes the insurance industry to embrace new ideas. 17 October 2017
Insurance
Risk-based pricing of flood risk with the private market playing a prominent role in managing and insuring this risk represents the only sustainable solution that can remove the burden from the US taxpayer in the long term, Eric Andersen, chief executive of Aon Benfield, told PCI Today. 17 October 2017
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