News
Insurance
As the path of hurricane Dorian shifts, the National Hurricane Center (NHC) now projects that the storm will make landfall in Jupiter (slightly north of West Palm Beach), reaching category 4 strength, and bringing heavy rain, storm surge, and 130 mph winds, all of which are expected to cause sizable losses. 30 August 2019
Insurance
Last year was tough for reinsurers, with hurricanes Florence and Michael, typhoon Jebi and California wildfires helping to rack up losses, said global credit rating agency AM Best. 30 August 2019
Insurance
Allianz Insurance, one of the largest general insurers in the UK, has saved more than £29.6 million in the first half of 2019 by tackling fraud. 30 August 2019
Insurance
Prudential Financial has appointed Andrew Sullivan to succeed Stephen Pelletier as executive vice president and head of US businesses, effective December 1. 30 August 2019
Insurance
CNO Financial Group has hired Karen DeToro as chief actuary, reporting to chief executive officer Gary Bhojwani. She will also join the company's executive leadership group. 30 August 2019
Insurance
UK telematics firm Trak Global Group (TGG) has secured growth capital investment of over £40 million from Three Hills Capital Partners to accelerate the development of its data-driven technology solutions for the insurance and shared mobility markets. 30 August 2019
Alternative Risk Transfer
A number of new reports on the global ILS market point to increasing signs of stability after a tough start to the year. Intelligent ILS investigates. 30 August 2019
Insurance
Bermuda-based Sirius Group has unveiled key strategic changes, including forming a new management committee, to streamline its global operating structure and enhance focus on its core underwriting business. 30 August 2019
Insurance
Major insurer AIG has come under intense pressure in Australia to rule out insuring a coal mining project as more than 100,000 environmental protestors voice concerns. 30 August 2019
Alternative Risk Transfer
Upgraded to a hurricane, storm Dorian has been described as "extremely dangerous" by the National Hurricane Center (NHC) with the potential to become a category 4 hurricane as it tracks towards Florida. 30 August 2019
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