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Insurance
Property/casualty insurer Chubb has made several new leadership appointments in its Global Government and Industry Affairs group. 23 October 2017
Insurance
Pricing in Europe, the Middle East and Africa (EMEA) will be influenced by the heavy losses in the US stemming from hurricanes Harvey, Irma and Maria despite the fact that the capital bases of most large reinsurers are likely to be unaffected and competition in the region remains robust. 23 October 2017
Insurance
Insurers face rate increases particularly in regions affected by nat cat events in the third quarter, but pressure is also rising in other regions, Tim Paske, managing director at re/insurance broker BMS, told Baden-Baden Today. 23 October 2017
Insurance
The bilateral “covered agreement” between the US and EU provides regulatory clarity and reduces the regulatory burden for US and EU reinsurers operating in each other’s markets, according to AM Best. 23 October 2017
Insurance
The US National Flood Insurance Program’s (NFIP’s) reinsurance purchase in 2017, in which many European reinsurers participated, represented a good deal for the US government and it should look to purchase more limit in 2018. 23 October 2017
Insurance
Partnering with a strategic managed services provider at the cutting edge of change represents a sensible strategic decision that allows insurers to focus on their core strengths, Arun Balakrishnan, chief executive officer of Xceedance, tells Baden-Baden Today. 23 October 2017
Insurance
Swiss Re said on Oct. 20 that it estimates combined losses from the hurricanes Harvey, Irma and Maria and the earthquakes in Mexico in the third quarter of 2017 to be approximately $3.6 billion, net of retrocession and before tax. 20 October 2017
Insurance
ILS investors are raising money and preparing to make new investments despite losses from recent natural catastrophes, according to the latest Willis quarterly ILS market update. 20 October 2017
Insurance
Hannover Re is expecting significant property/casualty (P&C) rate increases, particularly in the regions affected by recent hurricanes in North America, but also elsewhere in the upcoming renewals. 20 October 2017
Insurance
The preliminary data on claims from the Californian wildfires reaches $1.05 billion in losses from commercial and residential structures, personal and commercial vehicles, and agricultural equipment, the California Department of Insurance said in an Oct. 19 press release. 20 October 2017
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