Intelligent Insurer News

The global modeled insured average annual loss from catastrophes has reached nearly $100bn in 2020.

The new hire says re/insurance premium increases may be longer lasting this year.

The move reflects Ageas' resilience to COVID-19-related market volatility and lower interest rates, says S&P.

The new role is created to advance RPS’ growth in exclusive coverages, market relationships and service capabilities.

‘Bureaucracy was thrown out of the window’ as insurers faced change or die ultimatum, delegates heard at the Intelligent Insurer Claims Innovation USA virtual event.

The company has also unveiled a tender offer to purchase up to $100 million of its preference share.

The broker seeks to execute new growth initiatives across both brands by investing in tech and talent.

Aon meteorologist Steve Bowen says 'it could have been even more difficult'.

The San Diego-based broker offers a range of commercial coverages as well as high-net-worth personal lines.

The CEO of Insurance Bureau of Canada has been elected as president replacing Recaredo Arias.

The ratings agency believes Navigators' importance to its ultimate parent has diminished.

The new entity will write a range of US property, casualty and specialty reinsurance business.

Munich Re's Torsten Jeworrek says the new venture will open up new markets.

The executive will identify growth initiatives and advise the company’s leadership.

The newly created role aims to build on Global Risk Partners' data strategy.

The re/insurer's CEO is 'pleased' with the strong set of results despite the challenges posed by COVID-19.

The executive will join the international reinsurance team of Hiscox Re & ILS.

The hire will oversee Artex's captive management offices across the US, Bermuda and the Cayman Islands.

The $218.5m subordinated bond has been placed via its subsidiary Helvetia Swiss Insurance Company.

The decrease reflects investment impairments, pandemic emergency fund and liability management expenses.