News
Insurance
The Reinsurance Association of America (RAA) is hopeful that banking regulators in the US will clarify guidelines relating to mortgage products and make it clear that banks can accept flood insurance policies from the private insurance market—something that would help the private flood insurance market to grow. 28 October 2018
Insurance
The Hartford, a US-based property/casualty insurance firm, has appointed Morris Tooker as the head of its middle market segment that offers multiline commercial insurance coverages for midsize and larger businesses. 31 March 2017
Insurance
The Insurance Council of Australia (ICA) said that Tropical Cyclone Debbie triggered 7,500 claims and that insurance losses could reach into the hundreds of millions of dollars as householders and businesses return to their properties and lodge claims. 31 March 2017
Insurance
Italian insurer Generali Group has completed the sale of its stake in Guatemala-based property/casualty insurance subsidiary Aseguradora General to the Neutze family, its "long-term trusted local partners". 20 July 2017
Insurance
Bermuda-based re/insurer RenaissanceRe reported a net loss of $504.8 million for the third quarter of 2017 as the company had to absorb significant natural catatastrophe losses from hurricanes and earthquakes. 1 November 2017
Insurance
Bermuda-based Blue Capital Reinsurance Holdings reported a combined ratio of 455.7 percent for the third quarter of 2017, a significant deterioration compared to the 63.5 percent recorded in the same period a year ago. 31 October 2017
Insurance
Bermuda-based Arch Capital Group said AIG-affiliated shareholders are selling an additional 707,210 common shares in Arch at a public offering price of $92.50 per common share, less underwriting discounts and commission. 20 June 2017
News
New Reinsurance Company (NewRe) is eyeing significant growth potential outside the subdued European traditional property/casualty (P&C) segment, especially in life business, weather risk and structured solutions, Renate Strasser, chief executive of NewRe, told Baden-Baden Today. 22 October 2018
Insurance
Fitch Ratings has reduced the outlook for Cayman Islands-based XL Group subsidiary XL (XLIT) and its property/casualty re/insurance subsidiaries to negative after “a meaningful deterioration in capitalization” following third-quarter nat cat losses. 30 October 2017
Insurance
The insured losses from the snowstorms in Japan in February have surpassed $1 billion despite early estimates predicted at nearly half of that. 7 April 2014
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