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Updated: 2 hours 58 min ago

Sompo reviews FY earnings forecast after nat cat hit

20 October, 2017 - 08:28
Sompo Holdings said on Oct. 20 that its incurred losses from natural catastrophes in the third quarter of 2017 are estimated at ¥70 billion ($620 million) before taxes and that it is now reviewing its full-year earnings forecast.

Manchester Underwriting appoints Munich Re exec as claims manager

20 October, 2017 - 08:27
Specialist managing general agent (MGA) Manchester Underwriting Management has appointed Dan Cooper as claims manager.

Giuseppina Albo to succeed Duperreault as Hamilton CEO

19 October, 2017 - 15:56
Giuseppina Albo is leaving the board of management of Munich Re at the end of 2017 to take up the position of CEO at Hamilton Insurance Group in 2018, Munich Re said on Oct. 19.

Sompo reveals partnership for African expansion

19 October, 2017 - 15:51
Bermuda-based specialty P&C re/insurer Sompo International Holdings said on Oct. 19 that it has launched a new strategic partnership in Africa to access new markets.

Ironshore increases capacity for political risk in Singapore, hires from AIG

19 October, 2017 - 15:46
Ironshore Insurance Singapore branch said on Oct. 19 that it is increasing the capacity for political risk business lines within the Political Risk & Trade Credit unit as demand grows.

Travelers Q3 income plummets on nat cat hit

19 October, 2017 - 13:22
The Travelers Companies has seen its net income plummet in the third quarter of 2017 compared to the same period a year ago due to the impact of nat cat losses in North America.

ILS in Europe: New hubs, new structures, new risks

19 October, 2017 - 10:08
An Intelligent Insurer roundtable in London gathered a panel of experts to discuss the growth and future of the insurance-linked securities markets in Europe. They discussed the role of European investors, European risks and the potential for more domiciles.

Allianz sells part of Taiwan life insurance portfolio to China Life

19 October, 2017 - 10:01
German insurer Allianz has reached an agreement to sell part of its traditional life insurance portfolio in Taiwan to China Life Insurance.

Generali terminates contract of group chief insurance officer

19 October, 2017 - 10:00
Italian insurer Assicurazioni Generali has announced on Oct. 18 that its board of directors has resolved to terminate the working relationship with group chief insurance officer Valter Trevisani by mutual agreement.

Property pricing expected flat to +5% post recent NA hurricanes

19 October, 2017 - 09:59
Insurance intermediary Brown & Brown is cautiously optimistic in property pricing, seeing pricing developments flat (admitted markets) to +5 percent (excess & surplus markets) post recent hurricanes, according to a Morgan Stanley Oct. 17 analyst note.

Zurich expects $700m Q3 nat cat impact

19 October, 2017 - 09:59
Multi-line insurer Zurich Insurance group said on Oct. 19 that it expects aggregate claims in the third quarter of 2017 related to hurricanes Harvey, Irma and Maria, for the group’s property & casualty business, to be approximately $700 million net of reinsurance and before tax.

Blue Capital Reinsurance estimates Q3 nat cat impact

19 October, 2017 - 09:59
Bermuda-based Blue Capital Reinsurance Holdings said that it expects third-quarter catastrophe losses of $57.5 million, net of reinsurance and reinstatement premiums.

AIG UK underwrites Shariah-compliant warranty and indemnity policy

19 October, 2017 - 09:44
AIG UK said on Oct. 19 that it has underwritten the first Shariah-compliant warranty and indemnity (W&I) insurance policy issued in the London M&A insurance market.

ARAG launches crisis communications cover for high net worth clients

19 October, 2017 - 09:43
ARAG Legal Services (UK) is offering personal lines clients insurance to help limit the reputational damage caused by adverse publicity.

Buyers want no surprises

18 October, 2017 - 18:26
While reinsurers and brokers discuss the return of a market cycle most buyers just want a quiet life with no surprises—assuming they don’t feel underinsured in light of the recent hurricanes or cyber losses that have the potential to cause them sleepless nights. Intelligent Insurer reports.

No hiding place: the technology firms ready to become insurers

18 October, 2017 - 18:00
The insurtech revolution is already challenging re/insurers, but those who feel they were on the front foot may not have contended with the possibility that change could be much more fundamental than they realised. Paul Cuatrecasas, an expert in acquiring technology companies, tells Intelligent Insurer more.

Speaking cyber cover to power

18 October, 2017 - 17:40
Oil and gas companies are increasingly under threat from cyber attack, yet few of them have adequate protection in place to reduce this threat. A new generation of insurance products is being designed to meet these complex challenges, writes Dominick Hoare, chief underwriting officer, Munich Re.

Fear of flying: Assessing drone risks

18 October, 2017 - 17:12
Against a backdrop of pending regulation for drones in the UK, Graeme Anderson and Andrew Chadwick from Frazer-Nash Consultancy talk to Intelligent Insurer about how modelling tools can help insurers understand the risks of drone impacts.

Assurant seals $2.5bn merger deal with Warranty Group

18 October, 2017 - 14:56
Specialty insurance provider Assurant and warranty solutions provider The Warranty Group, a portfolio company of TPG Capital, have entered into a definitive agreement to merge operations.

Novae merges into AXIS in new structure following acquisition

18 October, 2017 - 14:49
Bermuda-based AXIS Capital Holdings said on Oct. 18 that Novae will adopt the AXIS brand and its insurance business will be merged into AXIS’ international insurance division, led by its CEO, Mark Gregory, who reports to Pete Wilson, CEO of AXIS Insurance.


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