News

Insurance

Cat events to weigh on P&C insurers’ Q3 results

Multiple global catastrophe events could push the US property/casualty insurance industry loss above historical third quarter average levels of $13 billion, according to Morgan Stanley Research.   3 October 2018

Insurance

Liberty boosts financial institutions unit with Sompo, AXIS hires

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has strengthened its London-based financial institutions (FI) team with a series of new appointments.   2 October 2018

Insurance

Cyber risk is now second biggest worry of firms – yet majority also unprepared

Cyber risk is now the second biggest concern across all business sizes and industries, and the percentage of businesses reporting they have been the victim of a cyber attack has doubled, according to the latest results of the 2018 Travelers Risk Index complied by The Travelers Companies.   21 September 2018

Alternative Risk Transfer

Re/insurers brace themselves for $20bn hit from Florence

The re/insurance industry should brace itself for losses of between $15 billion and $20 billion, according to the guidance of risk modelling agencies and analysts.   13 September 2018

Insurance

Travelers taps new chief information officer from Liberty Mutual

Property/casualty insurer Travelers Companies has appointed Mojgan Lefebvre as executive vice president and chief information officer. She succeeds Madelyn Lankton, who will retire this month after 36 years with Travelers.   12 September 2018

Insurance

Liberty Mutual launches new global unit to serve M&A market

Liberty Mutual has launched a new global transaction solutions (GTS) unit to serve the growing market for mergers & acquisitions (M&A) insurance solutions.   12 September 2018

Insurance

Zurich North America names new chief underwriting officer

Zurich Insurance has appointed Brandon Fick as new chief underwriting officer for Zurich North America.   12 September 2018

Insurance

Everest bolsters cyber practice with Zurich, Arch and Liberty hires

Everest Insurance has expanded its Everest Specialty Underwriters (ESU) financial lines group with the addition of three new cyber liability team members.   12 September 2018

Insurance

Argo unit Colony Specialty appoints new casualty leader

Bermuda-based excess and surplus (E&S) lines carrier Colony Specialty, a member of Argo Group International Holdings, has appointed Jeff Canfield to serve as head of casualty.   12 September 2018

Insurance

Florence may hit US as category 5 hurricane

Hurricane Florence is currently a category 4 hurricane and may intensify to a category 5 hurricane in the next 24 hours, according to data provider AIR.   12 September 2018

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