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Insurance
Bermuda-based re/insurer AXIS Capital Holdings said on Oct. 12 that it expects the total net financial impact from third quarter 2017 catastrophe losses at $578 million. 13 October 2017
Insurance
XL Group’s reported preliminary third-quarter catastrophe loss estimate of $1.48 billion alleviates recent investor concerns about an outsized loss from XL and any concerns about capital raise needs, according to an Oct. 11 Morgan Stanley analyst note. 13 October 2017
Insurance
Argo Group International Holdings has appointed David Higley as head of US property and inland marine. 13 October 2017
Insurance
A new disaster aid package includes a provision to forgive $16 billion in debt held by the National Flood Insurance Program (NFIP), but lobby group SmarterSafer warns that the bill fails to incorporate critical reforms that put the programme on a sustainable path. 13 October 2017
Insurance
InsurTech Gateway has been authorised by the Financial Conduct Authority (FCA) as an insurance broker to provide funding, insurance capability and a testing environment for insurtech start-ups. 29 November 2017
Insurance
The Chartered Insurance Institute (CII) has appointed Jeremy Trott as the new chair of its claims faculty board. 12 October 2017
News
Swiss Re has reported its claims estimate for tropical Cyclone Debbie at around $350 million. 13 April 2017
Insurance
UK-based Allianz Insurance, part of the Allianz Group, has appointed Bob Dawson to the position of claims major loss manager. 13 April 2017
Insurance
Bermuda-based Arch Capital Group has made a number of senior management changes in its Worldwide Reinsurance Group. 12 October 2017
Insurance
Pricing in Europe, the Middle East and Africa (EMEA) will be influenced by the heavy losses in the US stemming from hurricanes Harvey, Irma and Maria despite the fact that the capital bases of most large reinsurers are likely to be unaffected and competition in the region remains robust. 23 October 2017
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