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Insurance
AIG no longer systemically important institution
The Financial Stability Oversight Council (Council) said on Sept. 29 that it has rescinded its determination that material financial distress at American International Group (AIG) could pose a threat to US financial stability and that AIG shall be subject to supervision by the Board of Governors and enhanced prudential standards.   2 October 2017
Insurance
Hiscox estimates Hurricane Harvey, Irma claims
Bermuda-based specialist insurer Hiscox said on Oct. 2 that it estimates the combined net claims from Hurricane Harvey and Hurricane Irma at approximately $225 million.   2 October 2017
Insurance
Markel CATCo targets price increases in US retrocession market
CATCo Reinsurance Opportunities Fund said on Oct. 2 that the board and Markel CATCo Investment Management, the company's investment manager, are proposing to raise further funds via the Markel CATCo Diversified Fund.   2 October 2017
Insurance
Tackling business interruption risk with new technology
As the frequency and severity of risks is increasing across the globe, the ripple effects of such events will be far-reaching in this highly interdependent world.   1 October 2017
Insurance
Beazley expects $150m earnings hit from nat cat losses in 2017
Specialist insurer Beazley said on Sept. 29 that it expects the aggregate net cost of the recent Atlantic hurricanes Harvey, Irma and Maria and the series of earthquakes in Mexico to cost the company between $175 million and $275 million.   29 September 2017
Insurance
NFIP overhaul needs to include new risk maps, increased coverage and higher rates
The US National Flood Insurance Program (NFIP) is in need of a significant overhaul which should include an expanded coverage, updated flood maps and higher rates, according to experts speaking to Intelligent Insurer.   29 September 2017
Insurance
Hurricane Maria insured losses at up to $30bn
Insured losses from Hurricane Maria will be between $15 and $30 billion, according to estimates by risk modelling firm RMS.   29 September 2017
Insurance
Allianz Global Corporate & Specialty appoints NA head of aviation
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has named David Warfel as head of aviation, North America.   29 September 2017
News
Fixing the National Flood Insurance Program
As Congress mulls the fate of the National Flood Insurance Program post hurricanes Harvey and Irma, Intelligent Insurer examines the problems facing the programme and some potential solutions that could involve the private sector.   28 September 2017
Insurance
Global cyber premiums to increase six- to eightfold within ten years: Fitch
The global premiums volume for cyber insurance is set to increase six- to eightfold within a decade, according to a Fitch Ratings report.   28 September 2017

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