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Insurance
Catastrophe modelling firm AIR Worldwide is collaborated with China's PICC Reinsurance Company (PICC Re) to improve the assessment and management of the reinsurer’s growing portfolio of catastrophe risk business. 18 December 2017
Insurance
Brian MacLean, president and chief operating officer of property/casualty insurer The Travelers Companies is retiring after 30 years with the company, effective March 31, 2018. 18 December 2017
Insurance
Florida-based Orchid Underwriters Agency, a specialty underwriter of catastrophic coastal insurance, has hired Andrew Cyran as chief underwriting officer, a new position within the organisation. 18 December 2017
Insurance
New York-based Marsh & McLennan Companies (MMC) has appointed Stacy Mills as its new vice president and controller. She will also serve as the firm’s chief accounting officer. 18 December 2017
Insurance
UK’s network for independent insurance brokers is extending its regional footprint with the acquisition of Lincolnshire-based Thompson & Richardson. 13 December 2017
Insurance
The Hartford, a US-based property/casualty insurer, has appointed Stephanie Bush to lead personal lines, replacing Ray Sprague, who is retiring after a 30-year career with the company. 12 December 2017
Insurance
New products based on technology and data are increasingly being brought to market, while claims processes are being sped up through technologies such as blockchain, freeing up capabilities for new services, according to panellists at an Intelligent Insurer roundtable sponsored by S&P Global Ratings at October’s Baden-Baden Reinsurance Meeting. 10 December 2017
Insurance
Munich Re expects around €350 million net profit for the full year of 2017 subject to fourth quarter developments but sees significant signs of improvement in the operating environment for 2018, chief financial officer Jörg Schneider suggested. 9 November 2017
Insurance
The Travelers Companies estimated fourth-quarter catastrophe losses related to the California wildfires, including estimated recoveries from reinsurance, to be in the range of $525 million to $675 million pre-tax. 9 November 2017
Insurance
White Mountains has posted a jump in its third-quarter results, driven by the sale of specialty insurer OneBeacon. 9 November 2017
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