News
Insurance
Insurance broker Brown & Brown has acquired the assets of Coffman-Standridge CSI Insurance, an Arkansas-based provider of property and casualty insurance products. 16 July 2018
Insurance
Tokio Marine Kiln (TMK) has entered into a partnership with NTT DATA UK to develop robotics services. 16 July 2018
Insurance
The re/insurance industry has offered a mixed reaction to the publication of the UK Government's white paper on Brexit this week, with some commentators calling it a step in the right direction but others stressing that it does not resolve the key issue of contract continuity and doubt remains as to whether UK insurers will remain licenced to pay claims in a few EU countries without an agreement in place. 13 July 2018
Insurance
The development of the industry’s first fully probabilistic model for extreme liability events represents a breakthrough for risk modelling and the use of such models will eventually become common practice in the risk transfer sector, Robin Wilkinson, vice president and managing director of casualty analytics at AIR Worldwide, tells Intelligent Insurer. 13 July 2018
Alternative Risk Transfer
The ILS capacity brings more efficient funding into the insurance market – and managing general agents (MGAs) must also take advantage of this, Grahame Chilton, CEO of Gallagher UK, told delegates at the MGAA 2018 conference in London today (July 12). 12 July 2018
Insurance
The net income of private US property/casualty insurers more than doubled to $17.1 billion in first-quarter 2018 from $7.9 billion in first-quarter 2017, helped by lower catastrophe losses and increased reserve releases, according to a study by ISO, a Verisk business, and the Property Casualty Insurers Association of America (PCI). 12 July 2018
Insurance
Specialist insurer Markel Corporation has overhauled its leadership structure and hired a Chubb executive as part of this as it looks to accelerate growth. 12 July 2018
Insurance
Risk models are good at estimating the losses arising from ‘conventional hurricane events’ but their performance decreases when it comes to more severe or unusual events, according to a study by JLT Re, which analysed the precision of modelled market loss estimates for significant hurricanes since 2004. 12 July 2018
Insurance
Natural disasters across the world caused significantly lower losses than usual in the first half of 2018 at around $33 billion, according to Munich Re. 11 July 2018
Insurance
Lloyd’s review of underperforming syndicates could cause pandemonium for managing general agents and disruption in many lines of business if it results in syndicates retracting their capacity from unprofitable areas quickly. 11 July 2018
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