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The wildfires still raging in California will be among the costliest wildfires on record for US P&C insurers and could cost the industry up to $6 billion, according to early industry estimates. 17 October 2017
Insurance
US homeowners’ premiums increased from $89 billion in 2015, to $91 billion in 2016, and are expected to reach $93 billion in 2017, according to Aon Benfield’s annual Homeowners’ ROE Outlook report, which forecasts continued growth in direct US homeowners’ insurance premiums for 2017 despite a decreasing return on equity (ROE) for insurers. 17 October 2017
Insurance
Re/insurers should view technology as providing the means to evolve and not view it as something that will disrupt the industry, Paul Mang, global CEO of analytics at Aon, told PCI Today. 17 October 2017
Insurance
The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors during its annual meeting. 17 October 2017
Insurance
Sompo International remains strongly positioned in the market, despite the losses from natural catastrophes that have hit in the third quarter of the year, David Bigley, executive vice president, chief underwriting officer and head of global catastrophe reinsurance at the company, told PCI Today. 17 October 2017
Insurance
Broker Willis Towers Watson has appointed Neil Irwin as the new leader of the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region. 16 October 2017
Insurance
Czech Republic-based reinsurer VIG Re has hired Patrick Chevrel to lead its Western Europe business unit. 16 October 2017
Insurance
AmTrust at Lloyd’s (ATL) has appointed Rachel Anne Carter as cyber innovation underwriter, based in London. 16 October 2017
Insurance
Willis Towers Watson has named Gianmarco Tosti as the new country leader of Italy. 16 October 2017
Insurance
Reinsurance broker TigerRisk Partners has appointed Megan Stewart Hodge as a partner and head of client strategy, based in Chicago. 16 October 2017
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