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Insurance
The Lloyd’s of London strategy and change director Paolo Vagnone is leaving the corporation after 12 months in the job. 3 November 2017
Insurance
Bermuda-based Arch Capital Group said that Kewsong Lee has resigned from its board of directors because of the expansion of his duties at Carlyle Group following his recent promotion to co-CEO effective January 1, 2018. 3 November 2017
Insurance
Income from disposals has helped Canada-based property/casualty re/insurer Fairfax Financial Holdings to weather the impact of nat cat events in the third quarter of 2017. 3 November 2017
Insurance
Storm Herwart has caused insured losses of €250 million to German insurers, according to actuarial consultancy firm Meyerthole Siems Kohlruss. 3 November 2017
Insurance
Specialty managing general agent (MGA) Nexus Group said that Charles Penruddocke has joined as non-executive deputy chairman of Nexus CIFS and Equinox Global in a Nov. 2 statement. 3 November 2017
Insurance
Bermuda-based run-off consolidator Enstar Group has acquired Great Lakes Casualty Insurance Company (GLC) from Main Street America, according to a Nov. 2 statement. 3 November 2017
Insurance
Property/casualty re/insurer Alleghany Corporation reported a net loss of $314.2 million for the 2017 third quarter, compared with net earnings of $155.8 million in the 2016 third quarter. 3 November 2017
Insurance
American International Group (AIG) reported a net loss of $1.7 billion for the third quarter of 2017, compared to a net income of $462 million in the prior-year quarter. 3 November 2017
Insurance
Homeowners insurer HCI Group reported a net loss of $40.5 million for the third quarter of 2017 compared with a net income of $11.3 million in the same period a year ago. 3 November 2017
Insurance
Swiss Re reported a net loss of $468 million for the first nine months of 2017 after a net income of $3.0 billion in the same period of 2016, reflecting the $3.6 billion expected insurance claims from hurricanes Harvey, Irma, Maria, and the Mexico earthquakes. 2 November 2017
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