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Ex-DARAG CEO unveils new carrier backed by Munich Re

Europe19-10-2018

Former DARAG CEO and current SOVAG chairman Arndt Gossmann has revealed plans to create a new risk carrier focusing on portfolio restructuring of non-life insurers in Europe with Munich Re as its reinsurance partner.

AIG expects up to $1.7bn cat loss for Q3

North America19-10-2018Insurance news, Property cat, Reinsurance News

American International Group (AIG) expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion.

Everest Re expects $240m Q3 cat loss

Bermuda, North America19-10-2018Insurance news, Property cat, Reinsurance News

Bermuda-based Everest Re Group estimates pre-tax catastrophe losses for the third quarter of 2018 of $240 million, net of reinsurance.

CTMA places Standard Syndicate 1884 into run-off

Europe, London Market18-10-2018Insurance news, Reinsurance News, Specialty

Charles Taylor Managing Agency has placed Syndicate 1884, which is managed by the business, into run-off.

Cat loss drop makes Travelers Q3 results jump

North America18-10-2018Insurance news, Property cat, Reinsurance News

Lower catastrophe losses in the third quarter of 2018 have helped The Travelers Companies to more than double the profit in the period compared to the previous year.

Von Bomhard to become Munich Re chairman

Europe18-10-2018Reinsurance News

Munich Re has nominated former CEO Nikolaus von Bomhard as new chairman of the supervisory board to succeed Bernd Pischetsrieder.

Japan events drive Swiss Re Q3 nat cat loss to $1.1bn

Europe, Japan18-10-2018Property cat, Reinsurance News

Swiss Re estimates its preliminary combined claims burden from recent large natural catastrophes in the third quarter of 2018 at approximately $1.1 billion, net of retrocession and before tax, dominated by weather-related losses in Japan.

Softbank seeks reinsurance tie-ups after Swiss Re deal dropped

Global, Japan18-10-2018Reinsurance News, Technology News

Japanese conglomerate Softbank Group continues to hunt for ways to accelerate the digital upheaval in the insurance industry, including tie-ups with unspecified reinsurance players, said David Thevenon, dealmaker of the company’s Vision Fund, according to a Reuters Oct. 16 report.

RenRe Q3 results hit by typhoon Jebi, hurricane Florence

Bermuda, North America18-10-2018Insurance news, Property cat, Reinsurance News

Bermuda-based RenaissanceRe Holdings (RenRe) estimates losses from third quarter 2018 catastrophe events will have a net negative impact of approximately $155 million on its third quarter 2018 results of operations.

Willis Towers Watson bolsters claims resolution services

North America18-10-2018Insurance news, Reinsurance News

Broker Willis Towers Watson has formed a new claims resolution team to expand its advocacy capabilities and facilitate efficient financial recovery for its clients in complex and contested claims scenarios.

Showing 1 to 10 of 6669 results

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