News
Insurance
Bermuda’s re/insurers are expected to fund a quarter or more of approximately $100 billion in aggregate insured losses from the recent nat cat events, according to preliminary estimates from the Association of Bermuda Insurers & Reinsurers (ABIR). 11 October 2017
Insurance
The hedge fund reinsurance model has had plenty of critics but Greenlight Re is still going, still growing and proving them wrong, as Brendan Barry, chief underwriting officer, of Greenlight Re, tells Intelligent Insurer. 10 October 2017
Insurance
American International Group (AIG) said on Oct. 9 that it expects to report third quarter 2017 pre-tax catastrophe losses net of reinsurance of $2.9 billion to $3.1 billion ($1.9 billion to $2.0 billion after-tax). 10 October 2017
Insurance
Bermuda-based Validus Holdings said on Oct. 9 that it expects to record losses from third quarter natural catastrophes in the amount of $378.9 million. 10 October 2017
Insurance
Reinsurance broking and risk/capital management firm TigerRisk Partners has appointed Seth Ruff as partner and head of reinsurance solutions. 10 October 2017
Insurance
Comprehensive car insurance premiums have fallen by an average of 1.1 percent in the third quarter of 2017 in the UK, the largest quarterly reduction in premiums seen in more than three years. 10 October 2017
Insurance
The British Insurance Brokers’ Association (BIBA) wants to explore the world of insurance innovation at its 2018 Conference & Exhibition. 10 October 2017
Insurance
Lloyd’s of London faces a pre-tax loss in 2017 due to the hurricanes that struck North America in the third quarter, according to Moody’s. 5 October 2017
Insurance
State-owned General Insurance Corp of India’s (GIC Re) is expected to raise 113.7 billion rupees ($1.7 billion) in an initial public offering to run from Oct. 11. and Oct. 13, 2017 as it plans to grow internationally. 5 October 2017
Insurance
Specialist re/insurance market Lloyd’s of London said on Oct. 5 that former Morgan Stanley executive Greg Fleming will be standing down from his position on the Lloyd’s Council as a nominated member due to work commitments. 5 October 2017
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