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Insurance
Ironshore, a Liberty Mutual Company, has expanded its underwriting agency business into the US and London Markets, which will be led by the financial lines manager of Iron-Starr Excess Agency Steve Horton. 26 September 2017
Insurance
Insured losses for Hurricane Maria in the Caribbean will be between $40 billion and $85 billion with Puerto Rico accounting for more than 85 percent of the loss, according to catastrophe modelling firm AIR Worldwide. 26 September 2017
Insurance
Dallas-based insurance exchange and MGA MarketScout is set to launch a $25 million venture fund for tech-enabled insurance distribution. 26 September 2017
Insurance
Starr Companies has revealed several appointments and promotions in its US and London business units. 26 September 2017
Insurance
Brian Duperreault, the chief executive of American International Group (AIG), has revealed several changes to the company’s organisational structure in an overhaul that has resulted in the departure of Rob Schimek, CEO of the insurer’s commercial business. 25 September 2017
Insurance
Risk modelling and data analytics firm RMS has appointed Pete Dailey as vice president to lead flood model development in its California headquarters. 25 September 2017
News
Trade bodies and re/insurers have welcomed the news that the EU and the US have signed a bilateral agreement on insurance and reinsurance after more than 20 years of discussions and a year of formal negotiations. 25 September 2017
Insurance
CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has confirmed that Dominica will receive a payout of $19 million under its tropical cyclone policy following the passage of Hurricane Maria on September 19. 25 September 2017
Insurance
The first estimates have been released of the anticipated industry insured losses from the M7.1 earthquake that struck central Mexico on September 19. 25 September 2017
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has promoted José Ernesto Ospina, formerly LSM’s general manager for Colombia, to the newly-created role of LatAm reinsurance regional manager. 25 September 2017
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