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Insurance
Sompo International remains strongly positioned in the market, despite the losses from natural catastrophes that have hit in the third quarter of the year, David Bigley, executive vice president, chief underwriting officer and head of global catastrophe reinsurance at the company, told PCI Today. 17 October 2017
Insurance
Reinsurers will seek opportunities for growth in the current market as rates potentially harden, according to Frank Nutter, president of the Reinsurance Association of America (RAA). 17 October 2017
Insurance
London based insurtech start-up SentiSum raised $700,000 to create next generation net promoter score (NPS) and customer sentiment service. 9 October 2017
Insurance
Lloyd’s of London has signed its first Artificial Intelligence (AI) deal to automate business processes in the market. 9 October 2017
Reinsurance
SCOR said on Oct. 9 that Hurricanes Harvey, Irma and Maria, as well as the Mexico earthquakes, will cost the company €430 million net of retrocession and tax for the third quarter of 2017. 9 October 2017
Insurance
Willis Towers Watson has strengthened its insurance consulting and technology business with the appointment of Neil Bruce and Tim Rourke. 9 October 2017
Insurance
Hurricane Nate came ashore near the mouth of the Mississippi River on Saturday, October 7, according to the National Hurricane Center (NHC). Nate is the fourth hurricane to make landfall in the US in the past two months. 9 October 2017
Insurance
Everest Re Group has appointed Mike Harnett as vice president, deputy chief underwriting officer for Everest Insurance North America. 9 October 2017
News
While reinsurance is facing challenging times in property/casualty (P&C), the environment for life & health reinsurance is looking increasingly attractive. 9 October 2017
Insurance
Lancashire Holdings said on Oct. 9 that it expects aggregate losses from recent nat cat events in a range of $106 million to $212 million after anticipated recoveries from its outwards reinsurance programme and the impact of outwards and inwards reinstatement premiums. 9 October 2017
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