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Insurance
Property/casualty insurer AmTrust said on Sept. 14 that it sold a personal lines policy management system to National General for $200 million. 14 September 2017
Insurance
US home and auto insurers such as The Hartford and Allstate gave insight into their loss estimates from Hurricane Harvey and Irma. 14 September 2017
Insurance
Hurricane Irma, which hit Florida over the past weekend and is expected to result in $16-26 billion of reinsured losses, will trigger rate increases of 4-5 percent for US nat cat reinsurance cover, according to Sept. 14 research by asset manager AllianceBernstein. 14 September 2017
Insurance
German commercial insurer HDI, as a subsidiary of Talanx and sister company of Hannover Re is expanding its cyber insurance programme. 14 September 2017
Insurance
Alleghany Corporation said on Sept. 13 that its subsidiary Alleghany Insurance Holdings is selling Pacific Compensation Insurance Company (PacificComp) to CopperPoint Mutual Insurance Company for $150 million of total cash consideration. 13 September 2017
Insurance
Insurer Chubb has appointed Lou Capparelli as executive vice president of its global casualty business unit within the company's North America major accounts division. 13 September 2017
Insurance
Allianz is pondering whether it should buy more cyber coverage, Amer Ahmed, CEO of Allianz Re, which handles the insurer’s reinsurance buying programme, told Monte Carlo Today. 13 September 2017
Insurance
Martin Sullivan, the former chief executive of AIG and now a partner in Lightyear Capital, has denied rumours that the private equity firm is looking to sell its stake in broker Ed—of which he is also non-executive chairman. 13 September 2017
Insurance
Despite the fact that scenarios similar to hurricanes Irma and Harvey had been included in underlying models, prices have not reflected the risk—and this must now change, Umberto Gavazzi, SCOR’s chief underwriting officer, treaty P&C, told Monte Carlo Today. 13 September 2017
Insurance
Some insurers are looking to strengthen their reinsurance programmes in the aftermath of hurricanes Irma and Harvey as they fear being underexposed with so much of the hurricane season still to run. 13 September 2017
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