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Insurance
Property/casualty insurer Chubb said on Oct. 26 that it reported a net loss for the third quarter of $70 million after recording pre-tax catastrophe losses, net of reinsurance and including reinstatement premiums, of $1.89 billion in the quarter. 27 October 2017
News
XL Group has appointed Christian Daniele as senior property facultative underwriter – reinsurance. He will be based in Zurich and will report to Alexander Galea, senior vice president and manager, property facultative. 21 January 2014
Insurance
Connected home insurer Neos said that it secured £5 million in series A investment from Aviva Ventures and backing from Munich Re. 26 May 2017
Insurance
The insured property market loss for tropical storm Debbie, the strongest tropical cyclone in the Australian region since Cyclone Quang in 2015, has reached A$1.658 billion ($1.3 billion), according to PERILS. 28 September 2017
Insurance
Insurer Chubb has made two key appointments to its accident & health senior leadership team in Continental Europe and the UK&I. 10 January 2018
Insurance
Specialty re/insurer MS Amlin has established a new Bermuda-domiciled special purpose reinsurer and raised some $55 million from third party investors to back the venture. 8 January 2018
Insurance
PERILS, a Zurich-based provider of catastrophe insurance data, has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance. 28 April 2016
Insurance
Australia headquartered QBE has reported a net loss of $1.25 billion for 2017 driven by record catastrophes in the second half of 2017 together with deterioration in its emerging markets businesses and two significant non-cash items. 26 February 2018
Insurance
Singapore-based insurtech UEX has raised S$1.3 million (approximately $1 million) of funding from French insurance broker Verspieren to strengthen its presence in the Singaporean market. 26 February 2018
Insurance
AIG UK said on Oct. 19 that it has underwritten the first Shariah-compliant warranty and indemnity (W&I) insurance policy issued in the London M&A insurance market. 19 October 2017
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