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Insurance
Property/casualty insurer Chubb has hired two former Zurich executives, Marc Scheidegger and John Latter, to bolster its regional claims team in the UK and Europe. 1 August 2017
Insurance
RenaissanceRe Holdings and Validus Holdings registered the highest combined ratios in the first nine months of 2017, according to Fitch Ratings. 12 December 2017
Insurance
The performance of the commercial automobile insurance segment in the US has lagged that of other property/casualty (P&C) industry sectors for several years and continued to deteriorate through the third quarter of 2017, according to AM Best. 19 January 2018
Insurance
Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note. 6 September 2017
Insurance
Signal Administration, a workers’ compensation mutual manager which is part of Charles Taylor company, has hired a former vice president from Willis Re as chief underwriting officer. 11 April 2017
Insurance
Swiss Re has further strengthened its presence in Asia with the launch of its regional headquarters Swiss Re Asia in Singapore, and appointed a new regional board of directors for the entity. 31 January 2018
Insurance
The Chartered Insurance Institute (CII) has partnered with the insurance authority of United Arab Emirates to establish an education programme in Abu Dhabi to boost professionalism in the UAE insurance sector. 13 March 2017
Insurance
American International Group (AIG) has said it anticipates that the recent decision by the UK Ministry of Justice to reduce the discount rate applied to lump-sum bodily injury payouts, known as the Ogden rate, will cost it some $100 million in its first quarter of 2017. 20 April 2017
Insurance
US property/casualty insurer Travelers is acquiring UK-based small and medium-sized enterprises (SME) insurance broker Simply Business from previous owner Aquiline Capital Partners for approximately $490 million. 13 March 2017
Insurance
Crawford & Company, a provider of claims management solutions, has appointed Geoff Piggot the new chief executive officer (CEO) of its global technical services (GTS) division. 18 January 2017
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