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Trade bodies and re/insurers have welcomed the news that the EU and the US have signed a bilateral agreement on insurance and reinsurance after more than 20 years of discussions and a year of formal negotiations. 25 September 2017
Insurance
CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has confirmed that Dominica will receive a payout of $19 million under its tropical cyclone policy following the passage of Hurricane Maria on September 19. 25 September 2017
Insurance
The first estimates have been released of the anticipated industry insured losses from the M7.1 earthquake that struck central Mexico on September 19. 25 September 2017
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has promoted José Ernesto Ospina, formerly LSM’s general manager for Colombia, to the newly-created role of LatAm reinsurance regional manager. 25 September 2017
Insurance
The EU and the US are signing the bilateral agreement on insurance and reinsurance today, the European Commission said on Sept. 22. 22 September 2017
Insurance
Personal lines property/casualty insurer The Allstate Corporation said on Sept. 21 that it estimates its catastrophe losses, net of reinsurance recoveries, for the month of August 2017 at $593 million, pre-tax. 21 September 2017
Insurance
Singer Kanye West, through attorneys of his touring company Very Good Touring denied “each and every allegation and mischaracterization in the counterclaim” made by Lloyd’s syndicates with respect to a cancelled tour. 21 September 2017
Insurance
Hurricane Maria took direct aim at Puerto Rico on Wednesday, Sept. 20, thrashing some islands already left in ruins by Hurricane Irma, and razing areas that had previously escaped damage, according to catastrophe modelling firm AIR Worldwide. 21 September 2017
Insurance
The magnitude 7.1 earthquake that struck near Mexico City on Sept. 19 afternoon has caused major damage, according to a Sept. 20 AM Best report. 21 September 2017
Insurance
Zurich North America CEO Mike Foley will retire from Zurich in 2018, after a decade in this role. 21 September 2017
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