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Insurance
AXIS Insurance, a part of Bermuda-based holding company AXIS Capital, has hired Christina Tom as vice president, renewable energy underwriter. 12 September 2017
Insurance
Lloyd’s is expected to be among the hardest hit from Hurricane Irma, according to a Sept. 11 Moody’s report. 12 September 2017
Insurance
Combined insured losses for Hurricane Irma for the US and selected islands in the Caribbean will be between $20 billion and $65 billion, according to estimates by AIR Worldwide. 12 September 2017
Insurance
As losses stemming from hurricanes Harvey and Irma become clearer in the coming weeks and months, buyers will be reevaluating the nature and value of some of the reinsurance structures they’re purchasing, Charles Goldie, CEO of worldwide specialty at PartnerRe, told Monte Carlo Today. 12 September 2017
Insurance
Rates will harden in some lines of business hit by loss events such as the Ogden rate change in the UK motor market, and nat cat in North America due to an above-average hurricane activity, according to Hannover Re. 12 September 2017
Insurance
Markel will provide a robust and rapid response to its clients caught up in Hurricane Irma, according to Andrew Barnard, the company’s senior managing director, head of international property catastrophe and retro reinsurance. 12 September 2017
News
The hurricanes that have made landfall in the US will have “scared the living daylights” out of some market participants as much because of their potential scale rather than the actual losses. But that could lead to third party investors being more selective about which carriers they work with in future. 12 September 2017
Insurance
With the National Flood Insurance Program (NFIP) up for renewal, the US flood market could be ripe for the private market to step in—and there is strong interest in this, as Bill Churney, president of AIR Worldwide, told Monte Carlo Today. 12 September 2017
Insurance
If Hurricane Irma becomes a capital event for reinsurers they will have to mull over options to replenish the capital, S&P executives told Monte Carlo Today. 12 September 2017
Insurance
As Hurricane Irma continues to move through Florida, the Association of Bermuda Insurers and Reinsurers (ABIR) is keen to stress that the impact of the hurricane on the end consumer of insurance must not be forgotten. 12 September 2017
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