News
Insurance
The average annual insured losses of a 1 in 100-year return period cat event has increased to $270.9 billion in 2018 from $246.9 billion, according to data provider AIR. 27 November 2018
Insurance
Specialist insurer Markel has partnered with European yacht insurance provider Pantaenius to strengthen its global yacht offering. 27 November 2018
News
The numerous challenges the insurance industry faces mean that innovation is critical to tackling them. Rob Bentley of Guy Carpenter, describes how Guy Carpenter is helping its clients manage these challenges—especially the conundrum of insurtech. 27 November 2018
Insurance
A group of 18 US property/casualty (P&C) reinsurers has improved the combined ratio to 98.2 percent in the first nine months of 2018 from 111.9 percent in the same period a year ago, according to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA). 26 November 2018
Alternative Risk Transfer
The ILS markets will continue to evolve and flourish with Bermuda front and centre of future development. That was the overall takeaway of the ILS Convergence 2018, held in Bermuda in October. 26 November 2018
Insurance
The three major Japanese non-life insurance groups - Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings – have incurred their biggest annual catastrophe loss on record in the first half of the financial year ending March 2019 (FYE19), according to Fitch Ratings. 26 November 2018
Insurance
Czech Republic-based reinsurer VIG Re has opened a new branch office in Paris to further strengthen its presence in Continental Europe. 26 November 2018
Insurance
The Camp fire in Northern California, officially deemed the most destructive and deadliest wildfire on record in the state, is contained to 95 percent while the Woolsey fire in Southern California is now fully extinguished, according to the California Department of Forestry and Fire Protection (Cal Fire). 23 November 2018
Insurance
The blockchain insurance industry initiative B3i is finalising a funding round as it plans to target the commercial insurance market. 23 November 2018
Insurance
Jeremy Pinchin, group claims director of Bermuda-based specialist insurer Hiscox, is retiring at the end of February 2019. 22 November 2018
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