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Insurance
Data analytics company Verisk saw strong growth in its insurance business in the third quarter, despite suffering a $125 million charge for patent infringement. 30 October 2019
Insurance
AXIS Capital’s combined ratio soared to 109.4 percent in the third quarter, hit by catastrophes, and losses in its credit and aviation lines. 30 October 2019
Insurance
LV= General Insurance (LV= GI), a personal lines insurers in the UK, has appointed Jon Mansley to the newly created role of sales and marketing director. 30 October 2019
Insurance
Apollo Syndicate Management, an independent specialist insurer and reinsurer at Lloyd’s, has appointed Vinay Mistry as chief risk officer, effective from November 1. He reports to David Ibeson, Apollo’s chief executive. 30 October 2019
Insurance
China and India are the markets with most growth potential for closing the protection gap in non-life insurance, according to analysis carried out by Spanish insurer Mapfre. 30 October 2019
Insurance
RenaissanceRe reported sharply higher third quarter premiums, and a sharp reduction in its combined ratio. 30 October 2019
Insurance
AM Best has identified 30 insurers with substantial terrorism exposures and a heavy reliance on the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is due to expire on December 31, 2020—something the rating agency has described as a significant concern. 21 October 2019
Insurance
Private US property/casualty insurers’ surplus reached a new record of $802.2 billion in the first half of 2019, pushed up by insurers’ income and unrealised capital gains, according to Verisk, a data analytics provider, and the American Property Casualty Insurance Association (APCIA). 14 October 2019
Alternative Risk Transfer
The nat cat loss experiences of 2017 and 2018 have shown the weaknesses of relying upon a standardised external model without internal enhancement through the application of expert judgement and actuarial technique. Dirk Lohmann of Schroders investigates the solutions. 9 October 2019
Insurance
The Insurance Fraud Investigators Group (IFIG) has partnered with Verisk to upgrade its technology to include a cloud-based e-alerts platform to tackle the ever evolving problem of insurance fraud. 8 October 2019
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