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Insurance
The nat cat loss estimate of $2.9-$3.1 billion for American International Group’s (AIG) third quarter are manageable, Morgan Stanley analysts said in an Oct.9 research note. 11 October 2017
Insurance
A total of 172,117 homes with a combined reconstruction cost value (RCV) of more than $65 billion are at some level of risk from the wildfires in the Napa and Santa Rosa metropolitan areas, according to data provider CoreLogic’s hazard risk analysis. 11 October 2017
Insurance
US-based property/casualty insurer The Hanover Insurance Group has appointed John Roche as president and CEO. 11 October 2017
Insurance
Bermuda’s re/insurers are expected to fund a quarter or more of approximately $100 billion in aggregate insured losses from the recent nat cat events, according to preliminary estimates from the Association of Bermuda Insurers & Reinsurers (ABIR). 11 October 2017
Insurance
Universal Insurance Holdings said on Oct. 10 that the bulk of the expected losses from Hurricane Irma will be picked up by reinsurance while noted that it is protected from a potential market hardening. 11 October 2017
News
Mutual Reinsurance Bureau (MRB) has appointed John Meyers III as its next president and chief executive officer. 11 October 2017
Insurance
Aon Consulting has filed a lawsuit against Marsh over misappropriation of trade secrets, deceptive trade practices, unfair competition, and tortious interference with a prospective economic advantage. 10 October 2017
Insurance
Wildfires swept through Northern California’s world-famous wine country, destroying homes and businesses, Reuters reported on Oct. 9. 10 October 2017
Insurance
American International Group (AIG) said on Oct. 9 that it expects to report third quarter 2017 pre-tax catastrophe losses net of reinsurance of $2.9 billion to $3.1 billion ($1.9 billion to $2.0 billion after-tax). 10 October 2017
Insurance
Reinsurance broking and risk/capital management firm TigerRisk Partners has appointed Seth Ruff as partner and head of reinsurance solutions. 10 October 2017
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