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Insurance
American Financial Group expects $105m nat cat losses
Property/casualty insurer American Financial Group (AFG) said on Oct. 3 that it expects losses from natural catastrophes of approximately $105 million pretax and net of AFG’s reinsurance coverage for the third quarter.   4 October 2017
Insurance
Everest picks Ireland for EU subsidiary; hires Aon exec as head
Bermuda-based holding company Everest Re Group has been granted in-principle approval by the Central Bank of Ireland to operate as an authorised non-life insurer in Ireland.   3 October 2017
Insurance
Blockchain insurance initiative B3i adds 23 new members
The blockchain insurance industry initiative B3i is including 23 new members for its market testing programme.   2 October 2017
Insurance
Management shake-up follows CETA ownership change
Following a management buyout backed by Kester Capital, niche insurance distributor CETA Insurance is facing a management shake-up.   2 October 2017
Insurance
Aviva sells Italian joint venture for €265m
UK insurer Aviva said on Sept. 29 that it has agreed to sell its entire shareholding in its joint venture in Italy, Avipop Assicurazioni, which includes its wholly owned subsidiary Avipop Vita, to Banco BPM for a cash consideration of €265 million.   2 October 2017
Insurance
AIG no longer systemically important institution
The Financial Stability Oversight Council (Council) said on Sept. 29 that it has rescinded its determination that material financial distress at American International Group (AIG) could pose a threat to US financial stability and that AIG shall be subject to supervision by the Board of Governors and enhanced prudential standards.   2 October 2017
Insurance
Hiscox estimates Hurricane Harvey, Irma claims
Bermuda-based specialist insurer Hiscox said on Oct. 2 that it estimates the combined net claims from Hurricane Harvey and Hurricane Irma at approximately $225 million.   2 October 2017
Insurance
SCOR agrees on cat excess of loss deal with Iran
SCOR has reached an agreement concerning a cat excess of loss deal with the Iranian insurance regulator Bimeh Markazi Iran, the organisation said in a Sept. 29 press release.   2 October 2017
Insurance
Markel CATCo targets price increases in US retrocession market
CATCo Reinsurance Opportunities Fund said on Oct. 2 that the board and Markel CATCo Investment Management, the company's investment manager, are proposing to raise further funds via the Markel CATCo Diversified Fund.   2 October 2017
Insurance
Capsicum Re hires cyber security specialist
Specialist reinsurance broker Capsicum Re has bolstered its cyber team with the appointment of Conrad Williams.   2 October 2017

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