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Insurance
Lloyd's pays $1.7bn of $4.8bn claims commitment for HIM losses
The Lloyd's market has now paid $1.7 billion in claims for hurricanes Harvey, Irma and Maria (HIM).   29 November 2017
Insurance
AmTrust divests further while posting Q3 loss
Specialty property/casualty insurer AmTrust Financial Services is further divesting assets to strengthen its capital position while reporting a loss for the third quarter.   9 November 2017
Insurance
Zurich results steady but anticipates improvements in pricing
Zurich Insurance Group posted a steady set of results for the first nine months of the year but said that it anticipated improvements in pricing now on the back of the recent heavy cat losses in North America.   9 November 2017
Insurance
SCOR makes loss in Q3 due to nat cat hit
French reinsurer SCOR said on Oct. 26 that it posted a net loss of €267 million in the third quarter of 2017 due to the impact of natural catastrophes.   26 October 2017
Insurance
Icahn slams AmTrust go-private voting process
AmTrust Financial Services has informed shareholders that "a representative of the company will count the votes and act as an inspector of election" at the company's special meeting next week, which means that the company will act as judge and jury of the shareholder vote on June 4, according to activist investor Carl Icahn.   31 May 2018
Insurance
Allianz may seek additional reinsurance protection for cyber
Allianz is pondering whether it should buy more cyber coverage, Amer Ahmed, CEO of Allianz Re, which handles the insurer’s reinsurance buying programme, told Monte Carlo Today.   13 September 2017
Insurance
Chubb appoints government and industry affairs leader
Property/casualty insurer Chubb has made several new leadership appointments in its Global Government and Industry Affairs group.   23 October 2017
Insurance
Alleghany’s investments will steer it through hard market, says president
Alleghany president Weston Hicks bets on investments outside of re/insurance to boost profitability. Hicks sees little upside from buying back shares, and the company’s $1 billion in relatively liquid assets gives it the flexibility to take advantages of opportunities such as market hardening, if they come to fruition.   29 March 2017
Insurance
Trump’s FEMA cuts a 'foolish strategy': SmarterSafer
Trump Administration’s proposed spending cuts to the Federal Emergency Management Agency (FEMA) would put lives, property and taxpayer dollars at risk, according to SmarterSafer.   17 March 2017
Insurance
Blockchain could cut insurers’ admin costs by 30%; B3i goes commercial
Blockchain technology could reduce re/insurer’s administrative costs by up to 30 percent by making transactions faster and more efficient, according to Ken Marke, director for strategy and business development at Ageas Group and chief marketing officer of B3i.   29 January 2018

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