News
Insurance
Japanese insurer Sompo benefitted from lower losses from natural catastrophes in North America in the six months ended Sept. 30, 2018 compared to the same period a year ago. 19 November 2018
Insurance
The majority of insurance groups that are affected by Brexit and rated by AM Best have either completed or initiated a transfer of their European Economic Area (EEA) business from their UK insurer to an affiliated EEA insurer under Part VII of the Financial Services and Markets Act 2000, according to the agency. 19 November 2018
Insurance
S&P Global Ratings expects the insured losses from wildfires in northern and southern California to be contained as an earnings event and for the reinsurance sector to be able to absorb the impact from these fires as well as recent hurricanes although catastrophe budgets will be strained. 19 November 2018
Insurance
State Farm and Farmers Insurance Group of Companies have the highest wildfire exposure in California where the Camp Fire and the Woolsey Fire are set to cause significant losses for insurers and reinsurers. 19 November 2018
Insurance
Berlin-based finleap, a company builder specialising in fintech, has raised €41.5 million in a new funding led by Chinese insurer Ping An‘s Global Voyager Fund. 19 November 2018
News
The warning signals from 2017 are clear: the future success of our industry will depend on the strength of our partnerships and our ability to combine the knowledge and assets of each in order to develop innovative solutions, says Moses Ojeisekhoba of Swiss Re. 16 November 2018
Insurance
The chief executive of the London and International Insurance Brokers’ Association (LIIBA) has voiced concerns regarding the draft Brexit agreement reached by the UK and European Union. 15 November 2018
Insurance
The financial strength ratings of Maiden Re and its US operating subsidiary Maiden Reinsurance North America have been downgraded to B++ from A- by AM Best in response to strategic changes at the company. 15 November 2018
Insurance
Dutch insurance group Aegon will reappoint Alex Wynaendts as its chief executive officer (CEO) of the company - for another four-year term. 15 November 2018
Insurance
The Camp and Woolsey fires in California have now burned through more than 230,000 acres, destroyed more than 9,000 structures and damaged more than 150 structures since the blaze ignited on Thursday, November 8, according to AIR Worldwide. 15 November 2018
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