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Insurance
Bernstein analysts expect US nat cat prices to increase by an average of 10 percent and US commercial property to go up by on average 5 percent as a result of insured losses caused by Hurricane Irma, Harvey and Maria. 4 October 2017
Insurance
Specialty property/casualty insurer AmTrust Financial Services said on Oct. 3 that it expects net losses for the third quarter of 2017 from natural catastrophes of between $40 million and $65 million. 4 October 2017
Insurance
Re/insurer XL Catlin has expanded its marine team with the addition of Stephen Clark as vice president, national hull and liabilities practice leader in Chicago, and Alison Rizzi as senior ocean marine underwriter in New York. 4 October 2017
Insurance
Property/casualty insurer American Financial Group (AFG) said on Oct. 3 that it expects losses from natural catastrophes of approximately $105 million pretax and net of AFG’s reinsurance coverage for the third quarter. 4 October 2017
Insurance
Willis Towers Watson has made a series of senior appointments to newly-created roles in its North America corporate risk and broking (CRB) business. 4 October 2017
Insurance
Haven Life, a life insurance startup owned by MassMutual, has announced that it has streamlined its operations to make buying easier via a string of new features. 4 October 2017
Insurance
American International Group (AIG) has appointed Charles Fry as head of reinsurance, operations and transformation, general insurance. 3 October 2017
Insurance
TigerRisk Partners and property data and analytics company Cape Analytics, have teamed up to support the claims adjustment efforts of US insurers hard hit by Hurricane Irma. 3 October 2017
Insurance
RT Specialty, a subsidiary of Ryan Specialty Group, is establishing a new office in Louisville, Kentucky, and has appointed Brian Houghlin and Chris Beckmann to lead the operations. 3 October 2017
Insurance
AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating of A (Excellent) of Atlantic Specialty Insurance Company and its rated affiliates. Collectively, these companies are referred to as OneBeacon Insurance Group. 3 October 2017
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