Articles
Insurance
An increase in losses from unmodelled non-catastrophe events has again illustrated the need for rate increases, Mohit Pande, head of US global property underwriting, Swiss Re, told PCI Today. 30 October 2018
Insurance
Risk modelling firm RMS has estimated that the insured loss for Japan from Typhoon Jebi will be between $3 billion and $5.5billion (¥340 to ¥620billion). 17 September 2018
Insurance
Hurricane Florence drenched North Carolina with more downpours on Sunday, Sept. 16, damaging tens of thousands of homes and threatening worse flooding as rivers fill to the bursting point, Reuters reported on Sept. 16. 17 September 2018
Insurance
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
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
Specialist insurer Life Company Consolidation Group (LCCG) has agreed to acquire UK's mutual life insurer Equitable Life. The transaction is expected to complete towards the end of 2019. 18 June 2018
Insurance
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
Changes in US corporation tax as well as an improved performance in number of lines of business including commercial lines and personal lines boosted third quarter results at The Hartford in 2018. 26 October 2018
News
Reinsurance Group of America (RGA) has reported third-quarter net income of $301.2 million, up on the $227.6 million it made in the prior-year quarter. 26 October 2018
Insurance
Chubb believes that it can achieve more than $350 million in savings by year-end 2022 and $500 million by year-end 2023 through the use of robotics and artificial intelligence (AI) as it eliminates low-value activities, according to a December 2018 investor presentation. 4 December 2018
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