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Broker JLT said on Aug. 24 that its unit JLT Philippines signed a cooperation agreement with global reinsurer Munich Re to jointly develop and offer an insurance solution to cover typhoon/tropical cyclone risks for the Philippines. 24 August 2017
Insurance
Tropical storm Harvey is slowly approaching Texas and could turn into a category 1 hurricane at landfall, data provider RMS said on Aug. 24. 24 August 2017
News
Reinsurance broker JLT Re said on Aug. 24 that it has appointed Khun Nivatvongs managing director of Thailand. 24 August 2017
Insurance
Data analytics provider Verisk Analytics said on Aug. 24 that it has signed a definitive agreement to acquire risk insight provider LCI. 24 August 2017
News
Following regulatory approval, French reinsurer SCOR said on Aug. 24 that it is opening a SCOR Global P&C SE representative office in Nairobi, Kenya. 24 August 2017
Insurance
UK non-life insurers are set to increase motor and household premiums to counteract claims inflation, Fitch Ratings said on Aug. 24. 24 August 2017
News
Bermuda-based specialty re/insurer AXIS Capital Holdings said on Aug. 24 that it has partnered with digital start-up Plug and Play to boost digital innovation. 24 August 2017
News
Reinsurance broker JLT Re has promoted Nick Dranchak to head of strategic advisory for the Americas. 24 August 2017
Insurance
Fairfax Financial and Mitsui Sumitomo Insurance Company have unveiled a global strategic alliance that revolves around the latter buying the majority of Singapore-based First Capital Insurance from Fairfax but which also has wider implications for the way the two companies manage their reinsurance buying. 24 August 2017
News
AXIS Re, part of AXIS Capital, has poached a professional liability reinsurance specialist from Swiss Re. 24 August 2017
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