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Insurance
Insurance and investment firm Starr Companies which is headed by Maurice Greenberg, has discontinued underwriting new business through the Starr Singapore Underwriting Agents representing its Lloyds Syndicate 1919. 8 November 2017
Insurance
American International Group (AIG) expects double-digit rate increases across the property market while the costs of the California wildfires are estimated at around $500 million before taxes. 6 November 2017
Insurance
American International Group (AIG) reported a net loss of $1.7 billion for the third quarter of 2017, compared to a net income of $462 million in the prior-year quarter. 3 November 2017
Insurance
While reinsurers like Swiss Re see rates improving after major nat cat losses in the third quarter, the Greenlight Re CEO is skeptical about an imminent market turn. 2 November 2017
Insurance
Personal lines insurer The Allstate Corporation has exceeded analysts’ estimates with a reported net income applicable to common shareholders of $637 million for the third quarter of 2017, but it is unlikely to keep this momentum going forward, according to Credit Suisse analysts. 2 November 2017
Insurance
Swiss Re reported a net loss of $468 million for the first nine months of 2017 after a net income of $3.0 billion in the same period of 2016, reflecting the $3.6 billion expected insurance claims from hurricanes Harvey, Irma, Maria, and the Mexico earthquakes. 2 November 2017
Insurance
UK-based RSA is experiencing “challenges in wholesale and international commercial markets from US and Caribbean cat activity,” according to a Nov. 2, 2017 trading update. 2 November 2017
Insurance
The acting chief executive of Asia Capital Re (ACR) has confirmed that the company has made a joint decision with Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings to terminate its $1 billion sale—but he stressed that it is business as normal for the reinsurer. 1 November 2017
Insurance
There is a strong push back against globalisation in some parts of the world, which creates challenges for reinsurers—but also potential opportunities in the future. 1 November 2017
Insurance
Blockchain has the potential to completely change the way the industry looks at the supply chain, David Piesse, chief risk officer at Guardtime, told SIRC Today. 1 November 2017
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