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Insurance
Cincinnati Financial Corporation said that its Cincinnati Insurance Companies' property/casualty group expects a pre-tax impact from catastrophe losses of approximately $106 million in its first-quarter 2017 results. 18 April 2017
Insurance
Extratropical Cyclone Zeus, which primarily affected France on March 6 and 7, 2017 has caused insured property market losses of €192 million, according to estimates by catastrophe insurance data provider PERILS. 13 April 2017
Insurance
Specialty re/insurer Brit has appointed David Lim as the CEO of Brit Global Specialty Singapore with effect from May 15, 2017. 13 April 2017
News
Swiss Re has reported its claims estimate for tropical Cyclone Debbie at around $350 million. 13 April 2017
News
Bermuda-based RenaissanceRe Holdings (RenRe) has estimated that the pre-tax impact of the Ogden rate change on its carried reserves is approximately $30 million, and will be recognised in the first quarter of 2017. 13 April 2017
Insurance
Industrial insurance company HDI Global has strengthened its US engineering lines and construction division with several hires from Generali US, AIG, Starr Companies. 12 April 2017
Insurance
Insured losses across Queensland and NSW from Tropical Cyclone Debbie have reached A$660 million ($496 million) from 41,105 claims as of April 11, according to the Insurance Council of Australia. 11 April 2017
Insurance
With a market steering more towards commoditisation, the value of the traditional reinsurance business model is waning, particularly in North America, where reinsurers are more focused on brokers than in Europe, Christian Reber, partner and managing director at Boston Consulting Group, tells Intelligent Insurer. 11 April 2017
Insurance
Comprehensive car insurance premiums in the UK continued to rise during the first quarter of 2017, with motorists now paying on average £781, which is £110 more than they were paying this time last year, according to the latest Confused.com Car Insurance Price Index in association with Willis Towers Watson. 11 April 2017
Insurance
Gibraltar wants to become a hub for insurance-linked securities (ILS) and Minister of Commerce Albert Isola is optimistic about the growth potential despite looming competition from the UK. 11 April 2017
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