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Insurance
Insured losses for Hurricane Maria in the Caribbean will be between $40 billion and $85 billion with Puerto Rico accounting for more than 85 percent of the loss, according to catastrophe modelling firm AIR Worldwide. 26 September 2017
Insurance
AXIS has revealed the timeline for it to complete its acquisition of Novae following consultation with the European Commission and other regulators. 26 September 2017
Insurance
Dallas-based insurance exchange and MGA MarketScout is set to launch a $25 million venture fund for tech-enabled insurance distribution. 26 September 2017
Insurance
Starr Companies has revealed several appointments and promotions in its US and London business units. 26 September 2017
Insurance
Matt Hodges-Long, founder of insurtech start-up TrackMyRisks, has warned insurers to stop sending email attachments and start sharing information with their customers instead. 26 September 2017
Insurance
Some re/insurance executives yearn for the heady days of a hard market but most are more realistic, given the abundance of capital in the industry. The recent hurricanes have given the market an insight into just how rates might respond to big losses, as Intelligent Insurer reports. 25 September 2017
Insurance
Lloyd’s is exploring the possibility of issuing insurance-linked securities (ILS) using new regulations that will allow them to be issued from the UK to protect the market, Inga Beale, chief executive of Lloyd’s, told Monte Carlo Today. 13 September 2017
Insurance
Despite the fact that scenarios similar to hurricanes Irma and Harvey had been included in underlying models, prices have not reflected the risk—and this must now change, Umberto Gavazzi, SCOR’s chief underwriting officer, treaty P&C, told Monte Carlo Today. 13 September 2017
Insurance
The current hurricane activity, which may continue during the rest of the year, could prove to be an acid test of reinsurers’ enterprise risk management (ERM) strategies, Stuart Shipperlee, partner at Litmus Analysis, told Monte Carlo Today. 13 September 2017
Insurance
The combination of a more active hurricane season in North America turning pricing in the market and the ceasing of quantitative easing in the US and Europe could trigger an end to the declining profitability of property/casualty reinsurance business, according to Denis Kessler, the chief executive of SCOR. 11 September 2017
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