Articles
Insurance
Specialist insurer Beazley said on Sept. 29 that it expects the aggregate net cost of the recent Atlantic hurricanes Harvey, Irma and Maria and the series of earthquakes in Mexico to cost the company between $175 million and $275 million. 29 September 2017
Reinsurance
2012 has been a quiet year for catastrophe losses. While this means low insured losses, it also potentially heralds another year without substantial price corrections for reinsurers. Intelligent Insurer speaks to four cedants to gain their perspective. 1 September 2012
Insurance
Re/insurer XL Catlin has promoted Tim Powell to chief underwriting officer for international financial lines (IFL). 8 February 2018
Insurance
Vienna Insurance Group (VIG) has merged its Baltic states subsidiaries InterRisk and BTA Baltic Insurance Company to strengthen its market position in the region. 12 January 2018
Insurance
The US property/casualty (P&C) industry is set to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses, according to AM Best estimates. 7 February 2018
Insurance
Broker Aon has appointed Andrew Matson as leader of its newly formed global portfolio broking team within the reinsurance solutions business. 4 July 2018
Insurance
Munich Re has agreed to purchase an additional 11 percent of the shares in Global Aerospace Underwriting Managers, taking its stake to 51 percent. 15 December 2017
Insurance
There is a real opportunity to improve reinsurance processes with the use of blockchain technology, which can deliver cost savings and efficiency gains of 30 percent by taking out unnecessary reconciliation, repetitive duplication of work and waiting times. 11 September 2017
Insurance
Catastrophe losses fail to stop “strong” net income and core earnings in 2018 for The Hartford, said its chairman and CEO Christopher Swift in the firm’s year end results. 5 February 2019
Insurance
Aspen CEO Christopher O’Kane suggested that senior management will be allowed to stay as he is replaced with Brit chairman Mark Cloutier when Apollo takes control. 2 October 2018
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