News
Insurance
Sompo Holdings said on Oct. 20 that its incurred losses from natural catastrophes in the third quarter of 2017 are estimated at ¥70 billion ($620 million) before taxes and that it is now reviewing its full-year earnings forecast. 20 October 2017
News
Renaissance Re CEO Kevin O'Donnell said during the reinsurer’s second quarter 2018 earnings call that he sees “reasonable tailwind” for business. 26 July 2018
Insurance
Mexico’s Fund for Natural Disasters (FONDEN) has returned to the insurance-linked securities (ILS) markets to secure coverage against natural catastrophes for the first time since 2012. 7 August 2017
Insurance
US property/casualty (P&C) re/insurers have improved operating returns by 8.0 percent year on year in the first half of 2018 after an increase of 6.8 percent in the same period of 2017, according to Fitch Ratings. 31 August 2018
Insurance
Insurtech startup Jumpstart, a natural disaster insurance provider for renters and homeowners in the US, has officially launched with its first product offering in California. 4 October 2018
Insurance
Actuarial firm Milliman is expanding its operations in the Middle East with the launch of a new office in Tel Aviv, Israel. 26 June 2018
News
The largest catastrophe bond to cover European wind risk has closed. Green Fields II Capital is a €280 million bond that will provide Groupama with protection against French windstorm losses for three and a half years. 3 July 2013
Insurance
Lloyd’s Syndicate 623, which is managed by Beazley Furlonge and writes business on behalf of Names at Lloyd’s, recognised total gains of $53.6 million in 2016, a jump on the $46.6 million it posted in 2015. 15 March 2017
Insurance
A series of winter storms in the US have caused a total combined economic damage of around $3 billion, according to Aon Benfield estimates. 5 April 2018
Insurance
German insurance giant Allianz posted a record operating performance in 2018, reaching the upper end of its target. It also expects to generate a larger profit in 2019, provided there are no unforeseen performance interruptions. 15 February 2019
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