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Insurance
American International Group (AIG) said on Oct. 30 that it appointed Chris Townsend as CEO international general insurance. 31 October 2017
Insurance
Liberty Mutual Insurance unit Liberty Specialty Markets (LSM) on Oct. 31 appointed Jennie Beard to the new role of senior underwriter war and terrorism. 31 October 2017
Insurance
Caribbean catastrophe facility CCRIF said on Oct. 30 that it is paying out $7.0 million to Trinidad & Tobago from its excess rainfall policy following a period of heavy rainfall between Oct. 18 and Oct. 20, 2017. 31 October 2017
Insurance
American International Group (AIG) said on Oct. 30 that it rebranded its data technology subsidiary acquired from Hamilton in October. 31 October 2017
Insurance
Bermuda-based run-off firm Catalina Holdings said on Oct. 31 that its wholly owned subsidiary Alea North America Insurance agreed to take over a portfolio of legacy US insurance liabilities in run-off from Samsung Fire and Marine Insurance US branch. 31 October 2017
Insurance
Bermuda-based Everest Re reported a net loss of $639.4 million for the third quarter of 2017. 31 October 2017
Insurance
Commercial insurer RSA has appointed Jeroen den Tex as commercial director, Europe, responsible for developing the sales, marketing and distribution strategy across RSA’s five European operations, Nordic Hull and the Dubai International Financial Centre (DIFC). 31 October 2017
Insurance
Bermuda-based Qatar Reinsurance Company (Qatar Re) said on Oct. 31 that it appointed Manik Sethi as CEO of its Singapore branch. 31 October 2017
Insurance
Peak Re’s licence to establish a branch in Labuan, Malaysia, to write general insurance business in Malaysia has come “at just the right time”, Jasmine Miow, director of South Asia, SEA and MENA markets at Peak Re, told SIRC Today. 30 October 2017
Insurance
Although earthquake risk in Japan is relatively well understood and the industry performed well in the aftermath of the last big quake to hit the country, in 2011, more must be done to tackle the protection gap (the difference between the economic loss and the insured loss) and the extent to which insurance is used to protect certain risks. 30 October 2017
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