News
Insurance
A hypothetical magnitude 7.0 earthquake epicentered in Oakland would damage more than a million homes and less than 10 percent of total residential losses would be insured because of a low residential earthquake insurance take-up in the Bay Area, according to a scenario developed by the US Geological Survey (USGS). 19 April 2018
Insurance
Last night the UK Parliament voted in favour of requesting an extension to Article 50 and consequently a delay to Brexit beyond the 29 March deadline. 15 March 2019
Insurance
Nexus Underwriting Management, the specialty managing general agent (MGA), has acquired London-based independent MGA Millstream Underwriting. 17 December 2015
Insurance
Bermuda-based Everest Re Group has launched a new transportation and logistics business segment within Everest Insurance, led by Jeff Engelbrecht. 25 June 2018
Insurance
The market should brace itself for some disruption if the Terrorism Risk Insurance Act (TRIA) is not extended in 2020—and carriers should definitely assume that changes to the terrorism backstop will be made, and prepare accordingly. 21 October 2019
Insurance
Talanx, the parent company of Hannover Re, has appointed Torsten Leue as its new chief executive officer. The current CEO, Herbert Haas, will step down from the board of management at the request of the majority shareholder HDI. 10 November 2017
Insurance
VIPR, an IT software provider for the insurance industry, has been appointed by MGAM, a newly formed managing general agency (MGA) based in London, to deliver its range of market leading products. 6 May 2016
Insurance
More action is required than what is pledged today; public and private sectors will play a crucial role in accelerating the transition to net zero, says Swiss Re Institute. 22 April 2021
Alternative Risk Transfer
Medium sized reinsurer CCR Re has set up 157 Re, a sidecar vehicle, which it said is the first to be domiciled in France, to give it access to new ILS investors. 28 March 2019
Insurance
Hurricane Florence will cause $30-60 billion in economic impact and damage, according to estimates by commercial weather forecasting services provider AccuWeather. 14 September 2018
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