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Intermediaries can prevent insurers from leveraging client data

Global, London19-11-2018Insurance news, Reinsurance News

Intermediaries such as brokers or managing general agents (MGAs) can prevent insurers from better understanding their clients’ needs and improving their products and services based on this, Lakshan De Silva, chief technology officer at technology firm Intellect SEEK, told Intelligent Insurer.

California wildfire losses to reach up to $13bn: RMS

North America19-11-2018Insurance news, Property cat, Reinsurance News

Insured losses from The Camp and Woolsey Wildfires are expected to reach between $9 billion and $13 billion, according to data provider RMS.

Tokio Marine secures approval for Brexit plan

Europe, UK19-11-2018Insurance news, Reinsurance News

Tokio Marine Group is transferring its existing portfolio of policies written out of Continental European operations to its newly established subsidiary Tokio Marine Europe (TME) in Luxembourg in preparation for Brexit.

Ascot swoops for AIG/Ironshore environmental leader

Bermuda, London, UK19-11-2018Insurance news, Reinsurance News, Specialty

Bermuda-based specialist re/insurer Ascot has appointed John O’Brien as executive vice president and head of environmental.

MS Amlin partners with Folgate for 2019 UK re-launch

London, UK19-11-2018Insurance news, Reinsurance News, Specialty

UK-based Folgate Insurance Company has partnered with re/insurer MS Amlin to underwrite its business for 2019.

Non-insurers pressure profits of European insurers: Moody’s

Europe19-11-2018Insurance news, Reinsurance News

The European insurance sector faces challenges from non-insurance players which is likely to drive mergers and acquisitions (M&A) activity, according to a report by Moody’s.

California wildfire property reconstruction may cost $8.6bn

North America19-11-2018Insurance news, Property cat, Reinsurance News

Within the perimeters of the Camp Fire in Northern California and the Woolsey Fire in Southern California 23,044 homes with a total reconstruction cost value (RCV) of approximately $8.6 billion are at high or extreme risk of wildfire damage, according to CoreLogic estimates.

Brit reveals new ILS platform for UK market

London Market, UK19-11-2018Alternative Risk Transfer News, Insurance news, Reinsurance News, Specialty

Specialty re/insurer Brit has unveiled a new multi-arrangement insurance special purpose vehicle to write general collateralised reinsurance for multiple cedants via Brit’s distribution network in the London market.

Sompo benefits from lower nat cats overseas in 6M results

Japan, North America19-11-2018Insurance news, Property cat

Japanese insurer Sompo benefitted from lower losses from natural catastrophes in North America in the six months ended Sept. 30, 2018 compared to the same period a year ago.

Most insurers on track in Brexit preparations: AM Best

Europe, UK19-11-2018Insurance news, Reinsurance News

The majority of insurance groups that are affected by Brexit and rated by AM Best have either completed or initiated a transfer of their European Economic Area (EEA) business from their UK insurer to an affiliated EEA insurer under Part VII of the Financial Services and Markets Act 2000, according to the agency.

Showing 1 to 10 of 15094 results

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