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Sompo Holdings expects consolidated ordinary profit to double in the full year 2018 (ending March 31, 2019) based on the impact of hurricanes in North America and large losses. 18 May 2018
Insurance
Flooding from hurricanes Harvey and Irma resulted in an estimated $69 billion to $105 billion in residential and commercial damage, according to data provider CoreLogic. 26 January 2018
Insurance
Africa Re made an underwriting loss in the third quarter of 2018 while its investment portfolio also suffered – but its CEO said he remains positive it can produce a good underwriting profit and a commendable investment performance for the whole of 2018. 9 November 2018
Insurance
Re/insurer XL Catlin has appointed Denali Marlane as the western regional underwriting manager in San Francisco for its environmental insurance business. 30 March 2017
Insurance
Ryan Specialty Group’s (RSG) ThinkRisk is expanding its converging risk programme and forming a new underwriting partnership. 19 May 2016
Insurance
Amid concerns that artificial intelligence could result in job losses across the industry, re/insurers speaking at an Intelligent Insurer roundtable in London aimed to suppress some of those fears by highlighting the value of AI with tried and tested examples. 13 April 2017
Insurance
The board of London Market Group’s PPL, an electronic placing platform launched in July 2016, has revealed that the aviation classes of business have gone live on the platform. 11 June 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is to begin underwriting fine art and specie in Germany with the appointment of Ulrike Janvier as senior underwriter. 18 April 2018
Insurance
Specialist insurer Hiscox has led a $58 million Series D funding round of insurtech CoverHound, with additional investors including Chubb, Aflac Ventures and Japan-based MS&AD. 6 February 2019
Alternative Risk Transfer
Specialist insurance-liked securities (ILS) firm Vario Partners has revealed that Michael Watson will join the partnership in a non-executive capacity. 11 September 2016
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