News

Insurance

AIG needs to regain investor confidence after cat losses: Morgan Stanley

Following multiple quarters of missed earnings, American International Group’s (AIG’s) large third quarter cat losses will further weigh on investor sentiment, Morgan Stanley said in a note.   20 October 2018

Insurance

Ex-DARAG CEO unveils new carrier backed by Munich Re

Former DARAG CEO and current SOVAG chairman Arndt Gossmann has revealed plans to create a new risk carrier focusing on portfolio restructuring of non-life insurers in Europe with Munich Re as its reinsurance partner.   19 October 2018

Insurance

AIG expects up to $1.7bn cat loss for Q3

American International Group (AIG) expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion.   19 October 2018

Insurance

Aon forms new ventures group, appoints CIO and leadership team

Broker Aon has established a new ventures group as part of its growth strategy and assigned members of its senior leadership team to oversee it.   19 October 2018

Insurance

Everest Re expects $240m Q3 cat loss

Bermuda-based Everest Re Group estimates pre-tax catastrophe losses for the third quarter of 2018 of $240 million, net of reinsurance.   19 October 2018

Insurance

CTMA places Standard Syndicate 1884 into run-off

Charles Taylor Managing Agency has placed Syndicate 1884, which is managed by the business, into run-off.   18 October 2018

Insurance

Cat loss drop makes Travelers Q3 results jump

Lower catastrophe losses in the third quarter of 2018 have helped The Travelers Companies to more than double the profit in the period compared to the previous year.   18 October 2018

Insurance

Everest appoints risk management, commercial casualty leader

Everest Insurance has appointed Chris McKeon to lead its risk management and commercial casualty business units.   18 October 2018

News

Japan events drive Swiss Re Q3 nat cat loss to $1.1bn

Swiss Re estimates its preliminary combined claims burden from recent large natural catastrophes in the third quarter of 2018 at approximately $1.1 billion, net of retrocession and before tax, dominated by weather-related losses in Japan.   18 October 2018

Insurance

RenRe Q3 results hit by typhoon Jebi, hurricane Florence

Bermuda-based RenaissanceRe Holdings (RenRe) estimates losses from third quarter 2018 catastrophe events will have a net negative impact of approximately $155 million on its third quarter 2018 results of operations.   18 October 2018

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