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Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note. 6 September 2017
Insurance
Insured loss estimates from major natural catastrophes in 2016 reached $39.5 billion, the highest since the annual market losses of $60 billion in 2012, according to Willis Re’s 2016 Summary of Natural Catastrophe Events report. 10 February 2017
Insurance
The Prudential Regulation Authority (PRA) has approved all UK solvency internal models. 7 December 2015
Insurance
The Singapore Reinsurers’ Association (SRA) has released the line-up of its executive committee for the 2016/2017 term of office. 17 June 2016
Insurance
Unless there is an appreciation of looking at flood risk more holistically and using some of the science-driven solutions available, the industry will continue to be surprised by increasingly intense rainfall episodes such as those seen with Hurricane Harvey, Jay Guin, chief research officer at AIR Worldwide, told Monte Carlo Today. 10 September 2017
Insurance
AXIS Capital saw its income for the first six months of 2017 decline by almost half, blaming the fall on the impact of the Ogden rate change in the UK, as well as property losses. 27 July 2017
Insurance
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is making changes to its management board as chief regions and markets officer, Carsten Scheffel retires at the end of June, 2018. 18 December 2017
Alternative Risk Transfer
London’s new ILS framework can make the City the global hub for innovative ILS solutions, according to Guy Carpenter. 12 September 2017
Insurance
The recent new wave of consolidation has shown a further trend towards more companies operating so-called hybrid business models, whereby they write both insurance and reinsurance. Such a model can generate useful synergies, but it is also one of many factors driving consolidation, Torsten Jeworrek, member of Munich Re’s Board of Management, told Monte Carlo Today. 9 September 2018
Insurance
Industrial insurance company HDI-Gerling has appointed Richard Mangion as director, finance and operations of its UK branch. 13 October 2015
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