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The recent wildfires in the US state of California, which killed at least 43 people and injured 185 others, could in aggregation become the most damaging event on record in the state, according to Impact Forecasting’s latest edition of its monthly Global Catastrophe Recap. 13 November 2017
Insurance
Flaspöhler, part of NMG Consulting, conducts an annual, global study designed to illustrate the competitive positioning and value proposition of reinsurers in relation to their peers. Here, we reveal how the top reinsurers fared when brokers and insurance executives across Latin America were surveyed. 13 November 2017
Insurance
Heavy losses from the series of hurricanes in North America and other natural catastrophes hit profits at Allianz Group in the third quarter of 2017 but the insurer also posted steady growth drive largely by its life and health business. 10 November 2017
Insurance
New business in West and Southern Africa as well relatively stable currencies against the US dollar drove growth at Africa Re for the first nine months of 2017. But the reinsurer made a loss due to higher claims. 10 November 2017
Insurance
Willis Towers Watson has appointed Janet Pane as head of global services and solutions (GSS) within its corporate risk and broking segment. 10 November 2017
News
Reinsurance broker and consultant JLT Re and CX Insurance Services have announced a new partnership for the launch of CXIS’s P&C retention and policy growth programme. 10 November 2017
Insurance
A major wildfire outbreak that erupted in portions of California starting during the month of October is set to become the costliest insured wildfire in history, according to the Aon Benfield’s Global Catastrophe Recap report for October. 9 November 2017
Insurance
Munich Re expects around €350 million net profit for the full year of 2017 subject to fourth quarter developments but sees significant signs of improvement in the operating environment for 2018, chief financial officer Jörg Schneider suggested. 9 November 2017
Insurance
The Travelers Companies estimated fourth-quarter catastrophe losses related to the California wildfires, including estimated recoveries from reinsurance, to be in the range of $525 million to $675 million pre-tax. 9 November 2017
Insurance
Insurtech start-up Betterview has released a commercial drone inspection package to allow insurers to capture, organise and analyse imagery of buildings and property. 9 November 2017
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