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Insurance
Total insured and uninsured loss for both residential and commercial properties caused by Hurricane Irma, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion, according to data provider CoreLogic. 20 September 2017
Insurance
Arch Capital has appointed Nicolas Papadopoulo - the current chairman and CEO of Arch Worldwide Reinsurance Group - as the chairman and CEO of Arch Worldwide Insurance Group and chief underwriting officer for property and casualty operations, effective October 1, 2017. 20 September 2017
News
Willis Towers Watson's reinsurance business Willis Re has appointed Tom Wafer as chairman of its North America platform and Jeffrey Livingston as vice-chair, effective October 2017. 20 September 2017
Insurance
A major magnitude-7.1 earthquake struck Mexico on Tuesday, September 19, shortly after the M8.1 earthquake hit the Mexican state of Chiapas on September 7. 20 September 2017
Insurance
Hurricane Maria is set to hit the same Caribbean/Puerto Rican insurers which have already been impacted by Hurricane Irma, AM Best said in a Sept. 19 report. 20 September 2017
Insurance
Hurricane Harvey demonstrates the need for catastrophe modelling to move beyond property losses, said Russell Group managing director, Suki Basi. 19 September 2017
Insurance
Homeowners’ re/insurance provider HCI Group said on Sept. 19 that its unit Homeowners Choice Property & Casualty Insurance Company received regulatory approval to write flood insurance in Texas. 19 September 2017
Insurance
As Hurricane Maria follows a similar path as Hurricane Irma that hit Florida on Sept. 10, investors are discounting book value hits on property/casualty stocks that are worse than the losses so far seen in the hurricane season, Credit Suisse said in a Sept. 18 analyst report. 19 September 2017
Insurance
Specialty insurer Navigators has appointed Charles Juarbe as head of Latin America and the Caribbean for NavPro as part of its expansion plan for the unit. 19 September 2017
Insurance
Hurricane Irma has so far triggered more than 335,000 claims amounting to $2 billion, according to the Florida Office of Insurance Regulation. 19 September 2017
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