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Insurance
Reinsurers and large insurers are at risk of being hit by unexpectedly large losses stemming from a large cyber attack on a par with substantial hurricane losses in the US—because they do not understand their aggregations to this exposure. 16 October 2017
Insurance
Lockton Re, the reinsurance intermediary business of Lockton, has hired Charles LaLone as managing director in the US. 9 October 2017
Insurance
Independent Lloyd’s broker AFL has appointed Neil Crouch to lead its new wholesale property practice. 9 October 2017
Insurance
The private US property/casualty insurance industry saw its net income after taxes dropped 29.2 percent year on year to $15.5 billion in first-half 2017, according to data provider Verisk Analytics. 5 October 2017
Insurance
PartnerRe said on Oct. 5 that it expects combined catastrophe losses of approximately $475 million from its exposure to hurricanes Harvey, Irma and Maria for the third quarter of 2017. 5 October 2017
Insurance
UK-based Aviva said on Oct. 5 that it agreed to acquire a majority shareholding in Wealthify Group, the parent company of 'robo' investment service provider Wealthify. 5 October 2017
Insurance
Insurance broker Lockton International has hired Alistair Rivers as global head of marine and transportation. 5 October 2017
Insurance
The US National Flood Insurance Program (NFIP) has received more than 87,000 claims and incurred more than $819 million in losses as of September 26, according to data provider Verisk Analytics. 5 October 2017
Insurance
Global insurance broking and risk management firm Marsh has appointed Maureen Robertson as head of its Glasgow office, and Martin McKenna as regional sales leader, Scotland. 5 October 2017
Insurance
The Chartered Insurance Institute (CII) has appointed Melissa Collett as its new professional standards director, leading its professional standards, ethics and conduct activity as a united profession. 5 October 2017
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