News
Insurance
The reinsurance market could see the vertiginous market pricing cycles of the past replaced with a much smoother ride, Charles Goldie, chief executive officer of property & casualty at PartnerRe, told PCI Today. 28 October 2018
Insurance
Property/casualty (P&C) insurance sector reserve deficiency deteriorated to $4.3 billion in 2017 from $2.5 billion in 2016, according to Morgan Stanley research. 10 April 2018
Insurance
Annual expected insured losses for the severe convective storms (SCS) peril, including catastrophe and non-catastrophe events, are approaching $25 billion, higher than the hurricane and earthquake perils combined, according to a new report by Karen Clark & Company (KCC). 10 April 2018
Insurance
In North America, rates overall were up about 2.5 percent for Chubb in the third quarter of 2018, down from last quarter's 3 percent, CEO Evan Greenberg said during the insurer’s results conference call. 25 October 2018
Insurance
Australia’s QBE Insurance Group is introducing a drone insurance policy in response to the rapidly expanding drone market, according to a Jan. 16 press release. 16 January 2018
Insurance
Specialist managing general agent (MGA) Manchester Underwriting Management has appointed Dan Cooper as claims manager. 20 October 2017
Insurance
Bermuda-based Aspen Insurance Holdings has reduced its loss in the third quarter of 2018 as the company experienced a lower catastrophe impact. 25 October 2018
Insurance
Property/casualty insurer Chubb has appointed Mike Berry to serve as head of surety for Europe, and Jamal Griffith as head of surety for the UK and Ireland. 7 September 2018
News
P&C reinsurance buyers said they expected reinsurance prices to remain flat or fall slightly during 2019, reflecting intense competitive pressure amid increased take-up of alternative capital and abundant total capacity, according to a Moody’s survey. 7 September 2018
Insurance
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” of Spain-based Mapfre Re. Mapfre Re is a subsidiary of Mapfre, the non-operating holding company of the Mapfre group. 7 September 2018
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