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Insurance
Lloyd’s CEO Inga Beale warns in a speech at the International Shipping Week on Sept. 14 of the risk that traditional players may lose market share to new competitors in marine business. 14 September 2017
News
Losses from Hurricane Harvey and Irma could mean that Munich Re will miss its profit guidance of €2.0–2.4 billion for 2017, the company said in a Sept. 13 press release. 14 September 2017
Insurance
Hurricane Irma, which hit Florida over the past weekend and is expected to result in $16-26 billion of reinsured losses, will trigger rate increases of 4-5 percent for US nat cat reinsurance cover, according to Sept. 14 research by asset manager AllianceBernstein. 14 September 2017
Insurance
Insurer Chubb has promoted Tara Parchment to head its European personal risk services division, based in London. 14 September 2017
Insurance
Mapfre Global Risks (MGR), a Mapfre unit providing insurance solutions for multinationals, said on Sept. 14 that it is moving into the London aviation market. 14 September 2017
Insurance
German commercial insurer HDI, as a subsidiary of Talanx and sister company of Hannover Re is expanding its cyber insurance programme. 14 September 2017
Insurance
Alleghany Corporation said on Sept. 13 that its subsidiary Alleghany Insurance Holdings is selling Pacific Compensation Insurance Company (PacificComp) to CopperPoint Mutual Insurance Company for $150 million of total cash consideration. 13 September 2017
Insurance
Italian insurance group Generali has agreed to sell its Dutch business to Netherlands-based insurer ASR Nederland. 13 September 2017
Insurance
Australia's QBE Insurance Group has announced that its group chief executive officer John Neal is stepping down after five years in the top position. 13 September 2017
Insurance
Insurer Chubb has appointed Lou Capparelli as executive vice president of its global casualty business unit within the company's North America major accounts division. 13 September 2017
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