News
Insurance
Broker Arthur J Gallagher has a full pipeline of attractive acquisition targets, CEO J Patrick Gallagher, Jr. said during the first quarter 2018 results conference call. 2 May 2018
Insurance
Bermuda-based Fidelis Insurance said that it has launched its first managing general agent (MGA), Radius, which will focus on niche specialty treaty excess of loss business such as cyber, nuclear and PA Retro. 1 November 2017
Insurance
Risk modelling firm RMS has estimated that the insured loss for Japan from Typhoon Jebi will be between $3 billion and $5.5billion (¥340 to ¥620billion). 17 September 2018
Insurance
Hurricane Florence drenched North Carolina with more downpours on Sunday, Sept. 16, damaging tens of thousands of homes and threatening worse flooding as rivers fill to the bursting point, Reuters reported on Sept. 16. 17 September 2018
Insurance
After several years of rapid growth in terms of its headcount and product offering, Everest Insurance North America, the specialty insurance operation of the Everest Re Group, has entered a period of fine-tuning the business and executing as the rewards of the expansion start to filter through, Mike Mulray, chief underwriting officer of the business, told PCI Today. 30 October 2018
Insurance
The US re/insurance market is grappling with many complex challenges at the moment but consolidation and insurtech are the biggest, Alan Levin, vice chair at law firm Locke Lord, told PCI Today. 30 October 2018
Insurance
An increase in losses from unmodelled non-catastrophe events has again illustrated the need for rate increases, Mohit Pande, head of US global property underwriting, Swiss Re, told PCI Today. 30 October 2018
Insurance
Lloyd’s Market Association (LMA) in cooperation with the International Underwriting Association (IUA) sealed a deal with DXC Technology for the provision of bureau services that will save the Lloyd’s and the London market £100 million over the next five years, according to an Oct. 31 statement. 31 October 2017
Insurance
For an underinsured country with a large population and GDP, the next five to 10 years will be a golden period for the Chinese insurance industry, Jianzhong Pan, chairman & CEO of China Zenith Insurance, told SIRC Today. 29 October 2018
Insurance
Asia-Pacific is not yet at the same level as the US or Europe in terms of quality, high-resolution data, which creates challenges in terms of accurately pricing and underwriting risk, Jason Futers, CEO of Insurdata, told SIRC Today. 29 October 2018
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