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Insurance
Insured losses for Hurricane Harvey are estimated at approximately $650 million pre-tax, and Irma estimated from $800 million to $950 million, according to preliminary loss estimates from Chubb. 28 September 2017
Insurance
Marsh & McLennan Companies has appointed Katherine Brennan as deputy general counsel, corporate secretary and chief compliance officer. 28 September 2017
Insurance
Broker Aon is suing rival Willis Towers Watson (WTW) over its hiring of Michael Burwell as the new chief financial officer (CFO) because Burwell advised Aon on its restructuring plans as a partner of PwC. 27 September 2017
Insurance
US-based insurtech development platform Boost Insurance has raised a $3 million funding round and has partnered with State National Companies and Nephila to provide a turnkey solution for both early stage and expanding insurtech start-ups. 27 September 2017
Insurance
Allianz Global Corporate & Specialty (AGCS) has partnered with Silicon Valley-based cyber risk analytics and modelling firm Cyence in order to improve its cyber risk analysis and capabilities. 27 September 2017
Insurance
Following the devastation caused by Hurricane Maria, 2017 catastrophe losses for the global insurance and reinsurance sectors will exceed $100 billion and could reach close to $190 billion on a pre-tax basis, according to Fitch Ratings. 27 September 2017
Insurance
Re/insurer Mapfre has estimated that losses stemming from the recent natural disasters in North America and the Caribbean will cost it between €150 million and €200 million on its 2017 net result. 27 September 2017
Insurance
State Auto Labs Corp., the innovation arm of the State Automobile Mutual Insurance Company, has launched a $25 million corporate venture fund to support entrepreneurs and innovations in the insurance industry. 27 September 2017
Insurance
US-based commercial insurance provider CNA has appointed Greg Dasher to vice president, underwriting, for small business. 26 September 2017
News
Hurricanes Harvey and Irma are expected to represent an earnings event rather than a capital event for SCOR in the third quarter of 2017, the reinsurer has said. 26 September 2017
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