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Insured losses from the November 2018 wildfires in California have been re-evaluated upwards to $11.4 billion, representing a 25 percent hike from initial figures reported by the US government’s Department of Insurance. 29 January 2019
Insurance
Property Claim Services (PCS), a Verisk Analytics business, has launched its industry catastrophe loss data aggregation and index reporting services for events occurring in Japan. 29 January 2019
Insurance
The ILS market grew to $93bn of outstanding non-life capital in 2018, suggesting the market is in good health despite a quieter final quarter, according to the latest report from Willis Re. 29 January 2019
Insurance
Channel Syndicate 2015 at Lloyd’s has appointed a new head of technology and cyber to further develop its offering. 29 January 2019
Insurance
Willis Re has appointed Brian Shea, previously head of Willis Towers Watson Securities Europe, as managing director and head of strategic and financial analysis for Willis Re International. 24 January 2019
Insurance
Reinsurance broker Guy Carpenter & Company has unveiled a new global capital solutions group and several key leadership appointments, which will become effective after the closing of the JLT acquisition by its parent Marsh & McLennan Companies (MMC). 17 January 2019
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) is expanding into the property construction insurance market in the UK and Ireland. 17 January 2019
Insurance
Washington is following New York in banning the sale of insurance policies branded by the National Rifle Association (NRA) while fining two companies involved in underwriting and selling them in the state. 17 January 2019
Insurance
Liberty Mutual Re, the reinsurance unit of Liberty Mutual Insurance Group, has appointed Vincent Gilardi as senior underwriter for international casualty. 17 January 2019
Insurance
A group of Europe’s largest reinsurers, the Insurance Europe Reinsurance Advisory Board (RAB), has published an overview of the benefits of insurers’ use of internal models, essentially making the case for their use. 10 January 2019
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