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Insurance
Hurricane Irma losses to exceed Assurant’s retention
Assurant said on Sept. 11 that it expects pre-tax losses from Hurricane Irma to exceed its retention of $125 million pre-tax but that they will remain within the company’s comprehensive reinsurance program.   12 September 2017
Insurance
Brokers must be won over for LMG’s TOM to succeed
Xuber, Xchanging’s insurance software business which delivers solutions to the commercial insurance, health insurance and reinsurance marketplaces, has said that the long-term success of the London Market’s Target Operating Model (TOM) depends on winning over brokers and carriers across the whole London insurance market.   16 February 2016
Insurance
Lemonade unveils open source policies
AI-powered insurtech firm Lemonade Insurance Company is planning to create open source policies with an aim to make them simple, approachable, relevant, and digital, according to CEO and co-founder Daniel Schreiber.   16 May 2018
Insurance
Aon snaps up Swiss insurance broker Unidelta
Aon has acquired 100 percent interest in Switzerland-based insurance broker Unidelta AG, an independent all-line insurance broker with a strong focus on personal injury management.   1 December 2017
Insurance
Hurricane Florence losses estimated at up to $4.6bn
Industry insured losses resulting from Hurricane Florence’s winds and storm surge will be between $1.7 billion and $4.6 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide.   19 September 2018
Insurance
R&Q snaps up Global US from AXA for $80.5m
Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) has revealed two new legacy deals including a US-based subsidiary of AXA Group.   19 September 2018
Insurance
Randall & Quilter benefits from simpler business model in H1
Randall & Quilter, the specialist non-life legacy insurance investor, posted a strong set of results for the first six months of 2017 as it benefitted from a robust pipeline of legacy business and the impact of simplifying the business, which has included some disposals.   4 September 2017
News
Swiss Re posts $1.1bn 9M profit after $1.6bn claims loss
Swiss Re reported a net income of $1.1 billion for the first nine months of 2018 compared to a loss of $468 million for the same period a year ago, despite an estimated claims burden of $1.6 billion from natural catastrophes and large man-made events.   1 November 2018
Insurance
AXA XL partners with insurtech Slice on new cyber offering
Re/insurer AXA XL and US-based insurtech Slice Labs, which offers cloud-based on-demand insurance, have launched a new cyber insurance policy specifically designed for small and midsize businesses (SMBs).   1 November 2018
Insurance
Harvey flooding total property damage at up to $75bn
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

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