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Insurance
New companies have formed in recent years to take property/casualty risk in Florida from state-formed Citizens in a soft market and Hurricane Irma will be the first test for them, said ratings agency AM Best in a Sept. 14 report. 15 September 2017
Insurance
Crop Pro Insurance, a new managing general agent (MGA) specialising in crop insurance, has expanded its leadership team with the addition of Brian Donaghy as its director of data science. 15 September 2017
Insurance
Zurich-based Swiss Life is facing investigations by the US Department of Justice (DoJ) over its potential role in helping US citizens to avoid paying taxes. 14 September 2017
Insurance
Canada Life Reinsurance said on Sept. 14 that it has entered into a long-term reinsurance agreement with Marsh & McLennan Companies (MMC) UK Pension Fund. 14 September 2017
Insurance
Property/casualty insurer AmTrust said on Sept. 14 that it sold a personal lines policy management system to National General for $200 million. 14 September 2017
Insurance
US home and auto insurers such as The Hartford and Allstate gave insight into their loss estimates from Hurricane Harvey and Irma. 14 September 2017
Insurance
Hurricane Irma, which hit Florida over the past weekend and is expected to result in $16-26 billion of reinsured losses, will trigger rate increases of 4-5 percent for US nat cat reinsurance cover, according to Sept. 14 research by asset manager AllianceBernstein. 14 September 2017
Insurance
German commercial insurer HDI, as a subsidiary of Talanx and sister company of Hannover Re is expanding its cyber insurance programme. 14 September 2017
Insurance
Alleghany Corporation said on Sept. 13 that its subsidiary Alleghany Insurance Holdings is selling Pacific Compensation Insurance Company (PacificComp) to CopperPoint Mutual Insurance Company for $150 million of total cash consideration. 13 September 2017
Insurance
Insurer Chubb has appointed Lou Capparelli as executive vice president of its global casualty business unit within the company's North America major accounts division. 13 September 2017
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