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Bahrein-based re/insurer Trust Re said its profits fell to $18.8 million in 2016 from $30.8 million a year ago, driven by lower investment income. 3 April 2017
Insurance
Charles Taylor InsureTech has strengthened its leadership team with the appointment of Tom Crapper as practice director, delegated authority, and Laurence King as practice director, general insurance. 30 November 2017
Insurance
Hawaii has been hit with strong winds and torrential rain as Hurricane Lane approaches the US state, causing flash flooding and landslides, according to an Aug. 24 BBC News report. 24 August 2018
Insurance
Universal Property & Casualty Insurance Company (UPCIC) has expanded the top of its reinsurance tower for a single Florida event by $350 million to $3.00 billion as part of Universal Insurance Holdings’ 2018-2019 reinsurance programmes, effective June 1, 2018. 31 May 2018
Insurance
Specialty re/insurer Brit has hired Scott Brock as president of its newly formed specialty platform Scion Underwriting Managers. 27 November 2017
Insurance
China’s insurance regulator plans to restrict the business of insurers which have a low rating for asset liability management, Reuters reported Dec. 17 citing Xinhua news agency. 18 December 2017
Insurance
Zurich Insurance Group has integrated two of its commercial insurance units into a single division in the Asia Pacific (APAC) region and appointed division heads. 17 February 2017
Insurance
Nearly half of global insurers expect to acquire new technologies through mergers and acquisitions (M&A) in the next three years, according to a Willis Towers Watson survey. 17 February 2017
Insurance
Verisk, the data analytics provider, has launched a new personal lines flood insurance programme, which is designed to make flood coverage more widely available to homeowners anywhere in the contiguous US. 12 January 2018
Insurance
Lloyd’s of London faces a pre-tax loss in 2017 due to the hurricanes that struck North America in the third quarter, according to Moody’s. 5 October 2017
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