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Insurance
The US property/casualty industry recorded a net underwriting loss of $20 billion for the first nine months of 2017, up from $2.3 billion loss in the same period a year ago, according to AM Best. 22 November 2017
Insurance
Ironshore, a Liberty Mutual Company, has appointed Toby Smith as the president of its global environmental unit. 21 November 2017
Insurance
US-based Falvey Insurance Group will no longer underwrite insurance policies for the yacht, luxury yacht and charter communities. 21 November 2017
Alternative Risk Transfer
Allianz Global Corporate & Specialty (AGCS) has appointed Paul Schiavone as global head of its alternative risk transfer (ART) business, taking over from Bill Guffey who is leaving after 15 years to pursue opportunities outside the company. 20 November 2017
Insurance
Bermuda-based specialty re/insurer Aspen is expecting significant rate increases of up to 20 percent in some business areas. 20 November 2017
Insurance
Specialist global insurer Hiscox has appointed Glenn Dorr as head of business development and broker relationships, North America, within its London Market business. 20 November 2017
Insurance
Citizens Property Insurance Corporation posted a net loss of $944.2 million for the period between January and September 2017. 20 November 2017
Insurance
Hurricanes in North America have reduced Sompo’s consolidated net profit to ￥1.9 billion ($20 million) in the six months ended Sept. 30 (first half of Sompo’s financial year) compared to ￥43.4 billion in the same period a year ago. 20 November 2017
Insurance
Anne Waleski, executive vice president and chief financial officer (CFO) of Markel Corporation and its vice chairman Michael Crowley are set to step down from their current positions. 17 November 2017
Insurance
Losses from the California Wildfires will reach between $8 billion and $10.5 billion, according to risk modelling firm AIR Worldwide, which has now conducted a damage survey and acquired new information about policy terms, and a re-examined the replacement values of high-value homes within its industry exposure database (IED). 17 November 2017
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