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Insurance
Everest Re expects to incur $100 million of estimated catastrophe losses, net of reinsurance recoverables and reinstatement premiums, in the first quarter of 2018, as industry loss estimates for both the Northern and Southern California wildfire events have risen dramatically since the first estimates, according to the company. 12 April 2018
Insurance
Insurtech Socotra has partnered with Berlin-based digital insurance startup Coya to build “advanced and differentiated insurance offerings”. 12 April 2018
Insurance
EPIC Holdings, which operates retail insurance broker EPIC Insurance Brokers & Consultants, has appointed Steve Denton as president, reporting to EPIC Holdings CEO John Hahn. 11 April 2018
Insurance
Brown & Brown Insurance Agency of Georgia, a subsidiary of insurance broker Brown & Brown, has acquired Manning & Nozick Insurance Agency. 11 April 2018
Insurance
Randall & Quilter Investment Holdings' (R&Q's) subsidiary Accredited Surety & Casualty Company has closed a programme underwriting partnership with independent insurance managing general agent (MGA) and wholesaler American Team Managers (ATM). 11 April 2018
Insurance
White Mountains Insurance Group is launching a "modified Dutch auction" self-tender offer to purchase 500,000 of its common shares at a purchase price of not greater than $875 or less than $825 per share, net to the seller in cash. 10 April 2018
Insurance
European reinsurers are shunning retroactive reinsurance while seeking growth opportunities, leaving Berkshire Hathaway unencumbered by competition, according to research by Jefferies. 10 April 2018
Insurance
Beecher Carlson Insurance Services, the specialised large account subsidiary of Brown & Brown, has promoted Joseph Siech to chief executive officer and Scott Davis to chief operating officer. 10 April 2018
Insurance
The protection shortfalls in cyber and healthcare risks are more dramatic than for natural catastrophe risk, according to the study “Understanding and Addressing Global Insurance Protection Gaps” released by The Geneva Association. 10 April 2018
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired Houston-based retail property/casualty broker Integrity Transportation Insurance Agency. 10 April 2018
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