Articles
Insurance
Some executives running managing general agents (MGAs) should be prepared for the potential effect on their own businesses of losses from the series of hurricanes that have hit the US and the Caribbean—even if they have no direct exposure to the area. 10 September 2017
News
Some 18 months ago, Stephen Postlewhite, chief executive officer of Aspen Re, was moved to head up the group’s insurance business and tasked with repositioning the business and implementing a new business model. He spoke to Intelligent Insurer about his achievements so far and the challenges to come. 9 September 2017
Alternative Risk Transfer
Hurricane Irma is expected to cause much higher insured losses than Hurricane Harvey and may result in a capital event for re/insurers, said a report published Sept. 8 by S&P Global Ratings. 9 September 2017
Insurance
With total economic losses estimated to reach tens of billions of dollars at the minimum, Harvey is likely to become one of the costliest natural disasters on record, according to Aon Benfield’s catastrophe model development team Impact Forecasting. 9 September 2017
Insurance
The US Congress has extended the deadline to renew or repeal its National Flood Insurance Program (NFIP). 9 September 2017
Insurance
Hurricane Irma, which is set to hit Southeastern Florida late Saturday (Sept. 9) or on Sunday poses a risk to 13 rated catastrophe bonds, according to S&P Global Ratings. 8 September 2017
Insurance
An earthquake of magnitude 8.1 struck off the southern coast of Mexico late on Thursday, Sept. 7, killing at least two people, and triggering small tsunami waves and damaging some buildings, according to a Reuters Sept. 8 report. 8 September 2017
Insurance
The Florida homeowners’ market which may be hit by Hurricane Irma on Sunday Sept. 10 is dominated by smaller, more regional insurers, according to research firm CreditSights. 8 September 2017
Insurance
The US Congress should pass a short-term extension to ensure that the National Flood Insurance Program (NFIP) is available to pay claims and process new policies in flood zones such as in Hurricane Harvey impacted areas, lobby group SmarterSafer said on Sept. 7. 8 September 2017
Insurance
Validus Holdings subsidiary Validus Specialty Underwriting has expanded the capacity of its Political Risk Insurance (“PRI”) binding authority from its New York office at renewal. 7 September 2017
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