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Insurance
The ILS market has undergone a quiet third quarter of this year, according to a new report from Verisk subsidiary Property Claim Services (PCS). 15 October 2017
Insurance
The fact that the recent hurricane losses are unlikely to become a capital event for reinsurers owes much to the industry’s greater sophistication in its use of enterprise risk management, writes Stuart Shipperlee, managing director of Litmus Analysis. 15 October 2017
Insurance
The insurance-linked securities (ILS) market has evolved quickly in recent years with its investors becoming vastly more sophisticated—which their reaction to the recent hurricane losses has proved, according to Richard Lowther, chief operating officer at Hiscox Re ILS. 15 October 2017
Insurance
The scale of the protection gap in the US highlighted in the aftermath of the recent hurricanes could help nudge the political conversation around how future disasters are financed towards a greater willingness to involve the private sector in risk mitigation. 15 October 2017
Insurance
More reinsurers and insurers have released details of their third quarter catastrophe losses, reflecting the extent to which they were exposed to losses stemming from the recent hurricanes to make landfall in the US. 15 October 2017
Insurance
Bermuda-based re/insurer AXIS Capital Holdings said on Oct. 12 that it expects the total net financial impact from third quarter 2017 catastrophe losses at $578 million. 13 October 2017
Insurance
Markel Corporation said on Oct. 11 that it expects to report third quarter pre-tax underwriting losses of $503 million, net of reinstatement premiums, from Hurricanes Harvey, Irma and Maria as well as the Mexico City earthquakes. 12 October 2017
Insurance
Risk Cooperative, a US-based specialist insurance and risk advisory firm, has received approval to operate as a coverholder at Lloyd’s for cyber insurance. 12 October 2017
Insurance
Advent Claims, a division of Advent Insurance Management, has entered into a partnership agreement with pan-European claims specialist Van Ameyde to provide support after Brexit. 11 October 2017
Insurance
The new UK insurance group Ardonagh has announced its intention to acquire UK motorcycle broker Carole Nash Insurance Consultants and SME broker Mastercover. 11 October 2017
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