News
Insurance
Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to the third annual US Property & Casualty Insurance Market Report by S&P Global Market Intelligence. 29 June 2017
Alternative Risk Transfer
Some of the bigger ILS funds are well down the road towards securing ratings—a move that will see them complete their journey from nimble newcomers to occupying a central ground and competing with traditional players on their own turf. This could be a game-changer for the market, as Intelligent Insurer reports. 23 July 2018
News
French reinsurer SCOR wants to grow its property/casualty portfolio in the US, particularly casualty business. But, stung by the mistakes of the past, it is proceeding with caution, Victor Peignet, CEO of SCOR Global P&C, told Intelligent Insurer. 19 February 2018
Insurance
Broker Willis Towers Watson has hired Mark Hiles to assume the role of head of power and utilities for the Central and Eastern Europe, Middle East and Africa (CEEMEA) region. 14 March 2019
Insurance
Bermudian Endurance Specialty has appointed Adrian Poxon to launch a global marine and energy reinsurance business. 6 August 2014
Insurance
Chris Fischer Hirs will step down as CEO from November 30, 2019. 15 November 2019
Insurance
Generali Group has completed its plan to increase its stakes in Future Generali insurance joint ventures in India to 49 percent from 25.5 percent. 2 January 2019
Insurance
Global insured and economic losses declined year on year in the first half of 2017, according to preliminary sigma estimates. 17 August 2017
Insurance
Brolly, a UK-based personal AI-driven insurance app, said on July 28 that it has closed a £1 million seed round led by Valar Ventures, Pi Labs and Entrepreneur First. 31 July 2017
Insurance
The former chairman of China Insurance Regulatory Commission (CIRC) Xiang Junbo has been formally charged on suspicion of taking bribes, Reuters reported on April 16. 17 April 2018
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