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Insurance
Property losses from the flooding in Texas caused by Hurricane Harvey’s record-breaking rainfall will reach between $65 billion and $75 billion, according to estimates by catastrophe modelling firm AIR Worldwide. 7 September 2017
Insurance
European run-off insurance company DARAG has strengthened its core team with three senior appointments including Mike Trotman as chief financial officer (CFO), Alex Roth as head of M&A, and Jim Wilson as group chief transaction officer. 7 September 2017
Insurance
Markel International is set to acquire UK-based specialist insurer for the contracting sector EC Insurance (ECIC). 7 September 2017
Insurance
Lloyd’s broker Endeavour Insurance Services entered a partnership arrangement with claims consultancy firm Advent Claims to support London Market coverholders operating in Canada. 7 September 2017
Insurance
The UK’s Lord Chancellor David Lidington has proposed to change the setting of the personal injury Ogden discount rate to set by reference to “low risk” rather than “very low risk” investments as at present, better reflecting evidence of the actual investment habits of claimants. 7 September 2017
Insurance
A broadly diversified reinsurance panel, in conjunction with the continuity and longevity of their reinsurer relationships, are the most relevant considerations in pursuit of their risk protection strategies, according to a survey including European insurers and brokers. 7 September 2017
Insurance
Barbican’s David Reeves is one of the few high-profile CEOs in the London Market to openly admit he welcomes the UK’s vote to leave the EU. 7 September 2017
Insurance
Barbican has bucked many trends and proved the doubters wrong since its ‘brutal’ 2007 launch. But going against the grain is second nature to David Reeves, its chief executive, who is comfortable doing things his way, away from the pack. Intelligent Insurer reports. 6 September 2017
Insurance
Tokio Marine Group has revealed its plan to set up an insurance company in Luxembourg for writing European business after Brexit. 6 September 2017
Insurance
The US domestic professional surplus lines (DPSL) insurers posted a combined ratio of 107.8 percent in 2016, its highest in 10 years excluding 2012 which was impacted by Superstorm Sandy, AM Best said in a Sept. 5 report. 5 September 2017
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