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Guy Carpenter eyes programme market with launch of GC Access

Intelligent Insurer News - 15 October, 2020 - 09:08
The reinsurance broker has established a new unit to offer MGA programme business solutions.

Compre snags R&Q talent to expand in North American legacy market

Intelligent Insurer News - 15 October, 2020 - 09:08
The new hire will become CUO of its newly-launched class 3A Bermudian reinsurer Pallas Re.

AIR puts Hurricane Delta insured losses at up to $3bn

Intelligent Insurer News - 15 October, 2020 - 08:05
The estimate includes losses to onshore residential, commercial, and industrial properties.

R&Q's operating profit up 30% in H1 despite COVID-19 induced slowdown

Intelligent Insurer News - 15 October, 2020 - 07:51
The company enjoyed strong growth across both its programme and legacy businesses in the first half of the year.

PCS adds elemental loss events to global marine & energy platform

Intelligent Insurer News - 15 October, 2020 - 07:51
The elemental loss reporting will be first launched for the Gulf of Mexico, with the rest of the world expected to be introduced by Q1 2021.

LPL Financial appoints EVP and chief risk officer

Intelligent Insurer News - 14 October, 2020 - 13:39
Cappello is responsible for LPL’s risk functions, including enterprise risk management.

NationsBuilders Insurance Services expands risk management resources

Intelligent Insurer News - 14 October, 2020 - 13:38
The resources will be available to all policyholders.

The Risk Management Association appoints academic market and assessment director

Intelligent Insurer News - 14 October, 2020 - 13:38
Sullivan will oversee RMA Executive Education offerings.

RenRe forecasts operating loss on $325m net negative impact in Q3

Intelligent Insurer News - 14 October, 2020 - 11:32
The losses were driven by Hurricanes Laura and Sally, as well as the wildfires in California, Oregon and Washington.

Munich Re taps ex-Zurich as chief underwriting officer for specialty unit

Intelligent Insurer News - 14 October, 2020 - 11:28
The new hire was overseeing underwriting strategy, execution and quality for Zurich's businesses in the US.

AXIS Capital hit by $255m cat loss in Q3 due to storms and wildfires

Intelligent Insurer News - 14 October, 2020 - 11:23
The re/insurer reported improvements in pricing across most insurance lines of business.

Arch expects $210m nat cat hit across P&C re/insurance segments

Intelligent Insurer News - 14 October, 2020 - 11:19
The re/insurer has added $10 million to $15 million to its COVID-19 loss estimate as claims rise.

Aspen Re looks to Axis for US head of casualty

Intelligent Insurer News - 14 October, 2020 - 11:14
The executive has held casualty underwriting and leadership positions at Axis Re, PartnerRe and CNA Re.

Insurers bullish on market outlook despite potentially challenging 2021: CBI/PwC survey

Intelligent Insurer News - 14 October, 2020 - 11:04
New survey shows confidence among general insurers and brokers has improved faster than any other financial services segment.

CAC Specialty sets up analytics practice under Lockton leader

Intelligent Insurer News - 14 October, 2020 - 10:59
The brokerage has hired Lockton's director of analytics to enhance its digital capabilities.

KCC pegs Hurricane Delta insured loss at $1.25bn

Intelligent Insurer News - 14 October, 2020 - 10:47
The estimate includes $950 million wind and storm surge losses in the US.

UK insurance firm East West goes into administration

Intelligent Insurer News - 14 October, 2020 - 10:41
The company had been adversely affected by an unprecedented set of claims that ultimately affected its solvency position.

Willis appoints director of climate transition risk

Intelligent Insurer News - 14 October, 2020 - 10:23
The new hire will drive WTW's client-guidance on transition to a low carbon economy.

Lloyd’s announces charitable donations of £15 million in response to COVID-19

Lloyd's Press Releases - 14 October, 2020 - 10:00
In response to the spread of COVID-19 globally, in March Lloyd’s committed to a £15m package of support for charitable organisations responding to the pandemic.

Insurers are addressing the rising cost of auto insurance

Intelligent Insurer News - 14 October, 2020 - 08:10
The use of non-driving factors results in consumers benefiting from lower rates, more choices and greater market stability.

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