News

Insurance

Hurricane Florence losses estimated at up to $4.6bn

Industry insured losses resulting from Hurricane Florence’s winds and storm surge will be between $1.7 billion and $4.6 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide.   19 September 2018

Insurance

Chubb hires AXA US CEO Miller for Continental Europe

Insurer Chubb has hired the former US president and CEO of AXA Insurance Company for a newly-created role in Continental Europe.   18 September 2018

Insurance

Marsh acquires JLT for $6.4bn

Marsh & McLennan Companies (MMC) is acquiring re/insurance broker Jardine Lloyd Thompson Group (JLT) for $6.4 billion.   18 September 2018

Insurance

Tokio Marine Kiln hires Novae CFO as Dover departs

Tokio Marine Kiln (TMK) has appointed Reeken Patel as chief financial officer (CFO), replacing James Dover who is leaving the business after 12 years in the position.   18 September 2018

Insurance

Chubb appoints new reinsurance officer

Insurer Chubb has named Jeremiah Konz as executive vice president, reinsurance officer for its international general insurance business Chubb Overseas General.   18 September 2018

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

Neal faces wide range of problems at Lloyd’s

Lloyd’s is in danger of falling behind the rest of the re/insurance industry if its new chief executive officer John Neal does not get a firm grip relatively quickly, according to Gavin Coull, partner and head of reinsurance at legal firm BLM.   17 September 2018

Insurance

Prudential reveals new CEO as Strangfeld steps down

Prudential has named Charles Lowrey as its next CEO, effective December 2018. He succeeds the company's long-time leader John Strangfeld, who has been chairman and CEO for 11 years.   13 September 2018

Insurance

Everest bolsters cyber practice with Zurich, Arch and Liberty hires

Everest Insurance has expanded its Everest Specialty Underwriters (ESU) financial lines group with the addition of three new cyber liability team members.   12 September 2018

Insurance

Florence may hit US as category 5 hurricane

Hurricane Florence is currently a category 4 hurricane and may intensify to a category 5 hurricane in the next 24 hours, according to data provider AIR.   12 September 2018

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