News

News

Aon bolsters cyber leadership to boost growth, innovation

Broker Aon has promoted Catherine Mulligan and Luke Foord-Kelcey within its reinsurance solutions business to strengthen its suite of cyber products for insurers.   31 August 2018

Insurance

CCRIF expands cover and introduces new risk model for tropical cyclones and earthquakes

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has expanded its cover and brought in a new risk model for tropical cyclones and earthquakes as member governments in the region renewed and extended their policies for 2019/20.   19 June 2019

Insurance

Irma insured losses to reach up to $65bn: AIR

Combined insured losses for Hurricane Irma for the US and selected islands in the Caribbean will be between $20 billion and $65 billion, according to estimates by AIR Worldwide.   12 September 2017

Insurance

CNA bolsters commercial insurance leadership

Insurer CNA has strengthened the leadership of its commercial insurance unit with three appointments.   26 January 2018

News

Reinsurance earnings reach lowest level since 2005

Reinsurers’ 2017 profitability declined to the lowest level since 2005, when the industry was affected by hurricanes Katrina, Rita and Wilma, Moody’s said in an April 2 report.   3 April 2018

Insurance

Travelers replaces CFO as Benet steps down from top position

US property/casualty insurer Travelers Companies' chief financial officer (CFO) Jay Benet, who has held the position since 2002, is stepping down and will be succeeded by Daniel Frey.   8 August 2018

Insurance

BIBA unveils drone scheme with Tokio Marine

The British Insurance Brokers’ Association (BIBA) has launched a new drone insurance scheme with specialist and corporate insurer Tokio Marine Kiln (TMK).   6 August 2018

Insurance

Citizens records $1bn net loss in nine months

Citizens Property Insurance Corporation posted a net loss of $944.2 million for the period between January and September 2017.   20 November 2017

Insurance

Lower cat loss lifts AXIS to profit in Q3

Bermuda-based AXIS Capital has experienced lower catastrophe losses in the third quarter of 2018, improving the combined ratio in both the insurance and reinsurance segments and allowing the group to return to profit.   25 October 2018

Insurance

AM Best upgrades Lancashire

AM Best has upgraded the Long-Term Issuer Credit Ratings to “a+” from “a” of Bermuda-based Lancashire Insurance Company and its affiliate in the UK.   25 October 2018

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