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Insurance
Verisk Analytics in $151m LCI acquisition
Data analytics provider Verisk Analytics said on Aug. 24 that it has signed a definitive agreement to acquire risk insight provider LCI.   24 August 2017
News
SCOR opens P&C representative office in Kenya, names head
Following regulatory approval, French reinsurer SCOR said on Aug. 24 that it is opening a SCOR Global P&C SE representative office in Nairobi, Kenya.   24 August 2017
Insurance
UK non-life insurers to raise premiums to offset claims inflation
UK non-life insurers are set to increase motor and household premiums to counteract claims inflation, Fitch Ratings said on Aug. 24.   24 August 2017
News
AXIS Capital partners with start-up Plug and Play to boost innovation
Bermuda-based specialty re/insurer AXIS Capital Holdings said on Aug. 24 that it has partnered with digital start-up Plug and Play to boost digital innovation.   24 August 2017
Insurance
Lower underwriting profit weighs on Dubai’s International General Insurance's H1 results
A drop in underwriting profit and a deterioration of the combined ratio have made net profit at Dubai-based International General Insurance Holdings (IGIH) decline in the first six months of 2017.   21 August 2017
Insurance
A Hurricane Andrew repeat would cost $56bn in the US: AIR
If Hurricane Andrew were to recur today the expected total industry insured losses, based on today's exposures, would be approximately $56 billion in the US, catastrophe risk modelling firm AIR Worldwide said on Aug. 21.   21 August 2017
Insurance
Willis Towers Watson announces new chief financial officer
Broker Willis Towers Watson said on Aug. 21 that Michael Burwell has become its new chief financial officer (CFO).   21 August 2017
News
Pricing pressure weighs on global reinsurers’ H1 results
Global reinsurers' first half 2017 results provide further evidence of continuing pressure on pricing and earnings, Fitch Ratings said on Aug. 21.   21 August 2017
Insurance
Munich Re Syndicate launches new cyber insurance cover for oil and gas sector
Munich Re Syndicate at Lloyd’s said on Aug. 21 that it has introduced an insurance solution to cover cyber exposure for the independent oil and gas sector.   21 August 2017
Insurance
Hiscox partners with tech start-up in social media project
Specialist insurer Hiscox said on Aug. 21 has partnered with tech start-up Digital Fineprint to investigate how social media data can be used to better educate the smallest businesses on the risks they face and the insurance solutions available to help mitigate them.   21 August 2017

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