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Two-thirds of US property/casualty insurers currently use predictive models for underwriting and risk selection, an increase of over 10 percentage points compared to last year, according to a survey by Willis Towers Watson 19 April 2017
Insurance
Bermuda-based Argo Group International Holdings said that it expects its 2017 first-quarter results to be impacted by non-recurring charges totalling $16.5 million. 18 April 2017
Insurance
US re/insurance broker Brown & Brown reported a 12.9 percent increase in net income for the first quarter of 2017, boosted by a legal settlement with AssuredPartners. 18 April 2017
Insurance
Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a series of RSG Underwriting Managers, has appointed James Grayer as executive vice president of representations and warranty (R&W) insurance, based in New York. 18 April 2017
Insurance
Pioneer Underwriters, the underwriting group within Minova Insurance, has appointed Rolando Rodriguez as vice president of diversified financial services at Pioneer Special Risk (PSR) with immediate effect. 18 April 2017
Insurance
Des Moines-based Fidelity & Guaranty Life (FGL) said that it terminated its merger agreement with China’s Anbang Insurance Group and that the company's board of directors has received interest from a number of alternative parties. 18 April 2017
Insurance
Grinnell Re, a subsidiary of US-based property/casualty insurer Grinnell Mutual, has setup a new national reinsurance team to expand its market reach. 18 April 2017
Insurance
Cincinnati Financial Corporation said that its Cincinnati Insurance Companies' property/casualty group expects a pre-tax impact from catastrophe losses of approximately $106 million in its first-quarter 2017 results. 18 April 2017
Insurance
Insurers are using artificial intelligence (AI) for example to increase efficiency in the claims process raising potentially unjustified fear among staff of being made redundant, executives noted during a roundtable organised by Intelligent Insurer. 13 April 2017
Insurance
Bermuda-based Everest Re is likely to get involved in mergers and acquisitions as reinsurers operating in the US are under significant pressure to grow, according to CreditSights analysts. 13 April 2017
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