Articles
Insurance
Hurricane Florence will likely be an earnings event for the private insurance industry but the National Flood Insurance Program (NFIP) could be hit with heavy losses, potentially resulting in claims for its reinsurers for the second year in a row and its first cat bond being triggered, according to Fitch Ratings. 21 September 2018
Insurance
Lemonade CEO and co-founder Daniel Schreiber believes that the insurer has “turned a corner” as the loss ratio is improving. 20 September 2018
Insurance
StarStone CEO Demian Smith has stepped down from his position directly after StarStone’s parent company, Bermuda-based run-off specialist Enstar, revealed that it is no longer selling the specialty carrier. 20 September 2018
Insurance
A total of 71 Insurtech funding transactions during the second quarter of 2018 marks a record high, according to the new Quarterly InsurTech Briefing from Willis Towers Watson (WTW). 20 September 2018
Insurance
Primary insurers (including auto insurers) are expected to bear most of the losses from hurricane Florence, according to Keefe, Bruyette & Woods (KBW) analysts. 20 September 2018
News
The impact of flood risk keeps rising, affecting more people worldwide than any other type of natural disaster. As flood models improve, the industry has a big opportunity to make a tangible difference to society—but collaboration and teamwork will be key, says Edouard Schmid at Swiss Re. 19 September 2018
Insurance
Bermuda-based run-off specialist Enstar Group is no longer pursuing the sale of its active underwriting businesses, Atrium and StarStone. 19 September 2018
Insurance
Broker Marsh & McLennan Companies (MMC) CEO Daniel Glaser expects that the group will accelerate the pace of growth through the Jardine Lloyd Thompson Group (JLT) acquisition. 18 September 2018
Insurance
Berkshire Hathaway Specialty Insurance Company (BHSI) has expanded its leadership team in Dubai with the appointment of AIG, Chubb, AXA, QBE, Allianz and Zurich executives to fill key product line and service posts. 18 September 2018
Insurance
Insurer Chubb has hired the former US president and CEO of AXA Insurance Company for a newly-created role in Continental Europe. 18 September 2018
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