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Insurance
Thomas Deane has joined insurance-focused advisory and investment firm Stonybrook Capital from JLT Capital Markets. 8 December 2017
Insurance
Validus expects the net impact from the October 2017 California Wildfires to be $30.0 million. 8 December 2017
Insurance
About 200,000 residents have been evacuated in Southern California as multiple wildfires have burned homes. 8 December 2017
Insurance
California wildfires in October 2017 have triggered total insured losses that top $9.4 billion in residential and commercial claims two months after the event, according to the California Department of Insurance. 7 December 2017
Insurance
Bermuda-based XL Group estimated the net losses from natural catastrophes for the fourth quarter through Dec. 1, 2017 at approximately $250 million. 7 December 2017
Insurance
Renewals negotiations point to a rate increase of around 10 percent in US property cat reinsurance while primary insurance is also witnessing higher pricing, Morgan Stanley analysts said in a research note after meetings with re/insurers. 7 December 2017
Insurance
A gap of $20 billion between company losses and estimates of total insured losses suggests that some company estimates will rise in 2018, fuelling reinsurance price rises, according to Jefferies analysts. 7 December 2017
Insurance
Catastrophe modelling firm AIR Worldwide has updated its loss estimates for hurricane Maria in the Caribbean to between $27 billion and $48 billion. 7 December 2017
Insurance
Ratings agency AM Best has places credit ratings of US health insurer Aetna and its insurance subsidiaries under review with negative implications following its planned acquisition by US drugstore operator CVS Health Corporation. 7 December 2017
Insurance
Commercial and industrial property insurer FM Global has appointed Randy Hodge to senior vice president, underwriting and reinsurance. 7 December 2017
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