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Insurance
The Insurance Council of Australia (ICA) has estimated the insured losses from Tropical Cyclone Debbie at A$410 million ($309.2 million) as of April 6, 9:00 AM local time. 6 April 2017
Insurance
Lloyd’s of London has appointed new members to the Council of Lloyd’s and the market’s franchise board. 6 April 2017
Insurance
A radiological ‘dirty bomb’ poses a major threat to the West due the accessibility of materials needed to craft it, as well as its potential multibillion-dollar economic impact, according to specialists from both UK mutual reinsurer Pool Re and Washington-based Nuclear Threat Initiative (NTI). 6 April 2017
Insurance
Insurance lobby groups have expressed their disapproval of EIOPA’s new Ultimate Forward Rate (UFR) methodology will be applied for the first time in the calculation of the risk-free interest rates of January 2018. 6 April 2017
Insurance
London-based specialty re/insurance market Lloyd’s has inaugurated its Indian branch in the presence of UK Chancellor Philip Hammond and joined by MS Amlin as the first participating syndicate. 5 April 2017
Insurance
Property Claim Services, a Verisk Analytics business, has launched its global marine and energy service as its first solution outside the property-catastrophe sector. 5 April 2017
Insurance
The risks associated with a volcanic eruption have received insufficient attention in the past, particularly with regards to ash fall, said Swiss Re’s head of earthquake Patrice Tscherring. 5 April 2017
Insurance
Insurance Australia Group (IAG) increased its natural peril cost assumption for 2017 and lowered its insurance margin guidance range after Tropical Cyclone Debbie hit Australia’s Northeast. 5 April 2017
Insurance
Stephen Catlin, the executive deputy chairman of XL Group, is retiring from the company at the end of 2017, the Bermuda-based re/insurer announced in a statement. 5 April 2017
Awards
Ireland is the most attractive location for insurers seeking to create a unit within the EU to retain access to the common market after the Brexit vote, according to a survey conducted by Intelligent Insurer. 5 April 2017
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