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Insurance
Based on the initial loss estimates relating to Hurricane Harvey, primary insurers - as opposed to reinsurers - will bear the brunt of the covered losses from Hurricane Harvey, according to S&P Global Ratings. But the rating agencies also stressed that some companies will be better able to absorb the losses than others. 29 August 2017
Insurance
Bermuda-based re/insurer Validus Holdings has appointed Troy Fornof as vice president of underwriting and marketing, contract division, at Western World Insurance Company. 29 August 2017
Insurance
Auto insurers could be hard hit by the flooding in Texas triggered by Hurricane Harvey, according to S&P Global Ratings, which has also warned that business interruption claims could be high. 29 August 2017
Insurance
Gen Re, a Berkshire Hathaway company, has entered a strategic partnership with London-based insurtech firm iXledger (formerly InsureXTechnologies) to develop solutions for life and health insurance utilising blockchain technology. 29 August 2017
Insurance
The National Flood Insurance Program (NFIP) run by FEMA could require emergency additional funding in the aftermath of flood losses in Texas as the high losses complicate its already perilous financial position. 29 August 2017
Insurance
AXIS Capital Holdings said on Aug. 24 that it raised its cash offer to acquire Novae Group to £477.6 million, or 715 pence in cash for each Novae share. 25 August 2017
Insurance
Data provider CoreLogic said on Aug. 24 that Hurricane Harvey could, based on a Category 3 prediction, put at risk of hurricane-driven storm surge damage 232,721 homes along the Texas coast with a reconstruction cost value of approximately $39.6 billion. 25 August 2017
Insurance
Specialist insurer Beazley said on Aug. 24 that it has launched a new excess policy for the US market that significantly expands the protection available to firms that fall victim of scams. 25 August 2017
Insurance
Tropical storm Harvey is slowly approaching Texas and could turn into a category 1 hurricane at landfall, data provider RMS said on Aug. 24. 24 August 2017
Insurance
Data analytics provider Verisk Analytics said on Aug. 24 that it has signed a definitive agreement to acquire risk insight provider LCI. 24 August 2017
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