News

Insurance

Swiss Re’s Flood Toolkit grows

An increase in losses from unmodelled non-catastrophe events has again illustrated the need for rate increases, Mohit Pande, head of US global property underwriting, Swiss Re, told PCI Today.   30 October 2018

Insurance

GE's $15bn LTC reserve charge read-across to sector by analysts

After General Electric (GE) revealed a $15 billion statutory long-term care (LTC) reserve charge over 7 years in January 2018, KBW analysts mull over potential read-throughs to the industry.   21 March 2018

Insurance

JLT Specialty lures Aon execs

Broker Jardine Lloyd Thompson (JLT) has poached a number of Aon executives as it seeks to strengthen its US specialty business, JLT Specialty Insurance Services.   5 September 2014

Insurance

Typhoon Jebi expected to cost up to $5.5bn: RMS

Risk modelling firm RMS has estimated that the insured loss for Japan from Typhoon Jebi will be between $3 billion and $5.5billion (¥340 to ¥620billion).   17 September 2018

Insurance

Hurricane Florence floods devastate North Carolina

Hurricane Florence drenched North Carolina with more downpours on Sunday, Sept. 16, damaging tens of thousands of homes and threatening worse flooding as rivers fill to the bursting point, Reuters reported on Sept. 16.   17 September 2018

Insurance

EU legislation to remain whatever EU referendum outcome

An insurance adviser has said that most of the EU legislation that affects the insurance industry is likely “here to stay” whether the UK leaves the European Union or not in the referendum taking place next month.   19 May 2016

Insurance

Everest creates new business segment with Chubb hire

Bermuda-based Everest Re Group has formed a new business segment targeting small, middle and large private/not-for-profit (NFP) companies on a primary and excess basis, offering innovative product and solutions across several industries.   13 November 2017

Insurance

Howden enters Oman through acquisition

Howden, the retail broking arm of Hyperion Insurance Group, has acquired a majority stake in New Generation Insurance Services (NGIS) in Oman.   13 November 2017

Insurance

Sompo taps ArgoGlobal and Allied World execs for global casualty

Bermuda-based re/insurer Sompo International has hired Alison Wood and Lorene Phillips for its global casualty reinsurance team in London.   13 November 2017

Insurance

AmWINS acquires 15 Willis insurance programmes

US wholesale distributor of specialty insurance AmWINS Group said on Oct. 16 that it is acquiring 15 insurance programmes from brokerage Willis Towers Watson.   17 October 2017

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