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Insurance
The US-based insurance broker reported net earnings at $130.4 million for the third quarter of 2016, below the $140.9 million reported in the same period a year ago. 28 October 2016
Insurance
Business insurance provider Federated Mutual Insurance Company has reached an agreement to acquire Granite Re, an Oklahoma-based provider of surety bonds for small to medium-sized contractors. 28 October 2016
Insurance
In 13 Western US states there are 1.8 million single-family homes designated as having extreme or high risk of wildfire damage, representing a combined total reconstruction cost value (RCV) of almost $500 billion, according to data from CoreLogic. 28 October 2016
Insurance
Captive insurance management firm Atlas has restructured its executive management team with several appointments for both its onshore office in Charlotte, North Carolina, and its offshore Cayman Islands office. 28 October 2016
Insurance
Despite lower profits and stagnating growth in its property/casualty (P&C) business, SCOR remains confident about achieving its targets through growth in its US P&C business and its global life business. 28 October 2016
Insurance
American International Group (AIG) has increased its property terrorism insurance capacity to $1 billion – previously $250 million – as part of the introduction of new and proprietary terrorism risk engineering services. 27 October 2016
Insurance
Better information about natural catastrophes is required to narrow the protection gap in the US, according to Keith Wolfe, president of US property/casualty at Swiss Re. 26 October 2016
Insurance
The ongoing soft market has prompted many insurers to hunt for profits in what has traditionally been the unprofitable homeowners insurance market, according to George Hosfield, senior director of home insurance at LexisNexis Risk Solutions. 26 October 2016
Insurance
Cyber insurance is currently seen as one of the few growth segments in re/insurance, attracting market players perceiving it as profitable business and looking to gather data to base future underwriting on. 26 October 2016
Insurance
An increase of megacities will create a flurry of new insurance distribution forms and buying groups and create new challenges due to an aggregation of risk which some insurers may fail to cope with, according to Allianz Global Corporate & Specialty. 26 October 2016
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