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Insurance
Specialty property/casualty insurer AmTrust Financial Services said on Oct. 3 that it expects net losses for the third quarter of 2017 from natural catastrophes of between $40 million and $65 million. 4 October 2017
Insurance
IT services and solutions provider CSC has updated its digital technology offerings to coincide with its new strategy to support commercial insurance clients, following the merger with Xchanging and Xuber in May 2016. 12 October 2016
Insurance
The 2017 hurricanes Harvey, Irma and Maria (HIM) led to recorded estimated losses of $31.2 billion net of reinsurance costs for Bermuda re/insurers, according to the Bermuda Monetary Authority (BMA). 22 November 2017
Insurance
Bermuda-based Ironshore Specialty Casualty has named Dawn Puro and Sonny Powers to assume new product line responsibilities with immediate effect. 28 February 2017
News
Lloyd’s of London has been granted a licence as a foreign reinsurer in Nicaragua by the country's insurance regulator Superintendencia de Bancos y Otras Instituciones Financieras (SIBOIF). 29 March 2017
Insurance
US cyber insurers have seen written premiums more than double in four years from $996 million in 2015 to $2 billion in 2018, a report from ratings agency AM Best has shown. 21 June 2019
Insurance
At the start of 2017 Premia Holdings, a company dedicated to the run-off market, was founded on Bermuda with $500 million of capital—a deal that represented one of the biggest capital raisings in the sector. In an interview first published in sister publication Bermuda:Re+ILS, CEO Bill O’Farrell explains why he expects fast growth in the run-off sector. 10 May 2017
Alternative Risk Transfer
Real-time catastrophe data can provide claims adjusters in insurance companies with better information and allow them to make risk decisions in real time, whether that be buying live cat over, buying more reinsurance or in the ILS market, Karen Clark, CEO and founder of Karen Clark & Company (KCC), told Monte Carlo Today. 10 September 2018
Insurance
Insurer Ryan Specialty Group (RSG) has hired a former AIG executive to oversee the development of the company’s managing general agent (MGA) strategy in the UK market. 29 October 2014
Insurance
ProAssurance’s consolidated combined ratio for Q3 is 103.6 percent, a two-percentage point increase quarter-over-quarter. The company said this was primarily due to changes in the mix of premiums earned and a lower amount of prior accident year favourable development due to its perception of loss trends in the healthcare professional liability market. 7 November 2019
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