Articles
Insurance
The average annual insured losses of a 1 in 100-year return period cat event has increased to $270.9 billion in 2018 from $246.9 billion, according to data provider AIR. 27 November 2018
Insurance
Specialist insurer Markel has partnered with European yacht insurance provider Pantaenius to strengthen its global yacht offering. 27 November 2018
Insurance
A group of 18 US property/casualty (P&C) reinsurers has improved the combined ratio to 98.2 percent in the first nine months of 2018 from 111.9 percent in the same period a year ago, according to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA). 26 November 2018
Insurance
AXA group’s new division dedicated to large P&C commercial lines, AXA XL, will implement AXA’s corporate responsibility policies, including those that relate to the fight against tobacco, climate change, and controversial weapons, as part of a strategy for Environmental, social and corporate governance (ESG). 26 November 2018
Insurance
Reinsurance broking and risk/capital management firm TigerRisk Partners has hired Stephen Fromm as vice chairman of TigerRisk Capital Markets & Advisory. 26 November 2018
Insurance
Reinsurer TransRe has partnered with London-based insurtech Concirrus, a provider of marine and motor analytics, to jointly develop data-driven reinsurance products and services. 26 November 2018
Insurance
Allianz group’s specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) has appointed Sinéad Browne as its UK CEO. 26 November 2018
Insurance
Claims from typhoon Jebi have reached ¥585.10 billion ($5.17 billion), surpassing claims of Typhoon Mireille, the most expensive typhoon in Japan so far with ¥568.0 billion, according to the General Insurance Association of Japan (GIAJ). 26 November 2018
Insurance
The three major Japanese non-life insurance groups - Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings – have incurred their biggest annual catastrophe loss on record in the first half of the financial year ending March 2019 (FYE19), according to Fitch Ratings. 26 November 2018
Insurance
Czech Republic-based reinsurer VIG Re has opened a new branch office in Paris to further strengthen its presence in Continental Europe. 26 November 2018
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