News

Insurance

Hurricane Matthew economic impact totals $15bn

The total impact to US and Caribbean economies as a result of Hurricane Matthew is $15 billion, according to a catastrophe report from Aon.   10 November 2016

Insurance

MS Amlin expands P&I capacity for 2019

Specialty re/insurer MS Amlin has increased its protection and indemnity (P&I) capacity for 2019.   10 January 2019

Insurance

Axon makes strategic move into Latin America with $10m backing from Asian partners

Specialty lines programme administrator Axon Underwriting has launched a new reinsurance unit, Axon Re, to expand its cargo and stock throughput reinsurance programme across Latin America.   24 April 2019

Insurance

Broker Brightside appoints new COO from Swinton Group

UK broker Brightside Group has appointed Richard Beaven as group chief operating officer (COO), reporting to group CEO Brendan McCafferty.   24 April 2019

Insurance

AXA to offer travel insurance in China via WeChat

French insurance group AXA has unveiled a new programme AXA Go in China to offer travel insurance through Chinese messaging app WeChat.   5 February 2019

Insurance

ICA expects Townsville flood claims to exceed $45 million

Current insurance losses for the Townsville floods in Australia are valued at $45 million, from 3,500 claims, however, the Insurance Council of Australia (ICA) expects these figures to rise as people begin to return home to assess the damage.   5 February 2019

Insurance

ERS to launch underwriting academy in Swansea

UK-based specialist motor insurer ERS is launching an underwriting academy in Swansea, relocating a number of roles to the city from London and the South East.   11 June 2019

Insurance

Sompo expands US cyber insurance capabilities

Bermuda specialty re/insurer Sompo International Holdings is expanding its cyber insurance capabilities in the US by creating a dedicated US team focused on cyber offerings, an enhanced cyber and professional liability product, and an expanded suite of cyber risk management services.   11 December 2018

Insurance

SCOR reports 17% rise in net income despite catastrophes losses

SCOR, the world’s fourth-biggest reinsurer, saw its shares rose 3 percent after reporting an increase in net income for the first nine months of the year.   24 October 2019

Insurance

Allstate cat losses drop in July

US personal lines insurer Allstate Corporation has estimated catastrophe losses for the month of July 2018 at $262 million, pre-tax and $207 million after-tax.   17 August 2018

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