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ACORD, the global standards body for the insurance industry, has launched a toolkit to support the application of data standards for global reinsurance and large commercial risks 17 August 2018
Insurance
Heavy rainfall triggered flooding and landslides in the state of Kerala between August 8-16, causing an estimated preliminary economic loss of INR83 billion ($1.2 billion), but the figure is likely to rise, according to Aon’s Weekly Cat Report. 17 August 2018
Insurance
Continental Europe is ripe for an expansion of managing general agents (MGAs) and Ryan Specialty Group (RSG) is willing to take advantage of the growth potential for niche products in the region, Michael Rice, chairman and CEO of RSG Underwriting Managers (RSGUM), and Peter McKenna, CEO of RSG Europe, tell Intelligent Insurer. 17 August 2018
Insurance
US personal lines insurer Allstate Corporation has estimated catastrophe losses for the month of July 2018 at $262 million, pre-tax and $207 million after-tax. 17 August 2018
Insurance
The National Reinsurance Corporation of the Philippines (Nat Re) has appointed Allan Rossi Santos as its new president and CEO effective Aug. 16, 2018, succeeding Augusto Hidalgo III. 17 August 2018
Insurance
Catastrophe bond issuance in the second quarter of 2018 totalled over $4.03 billion, representing the third largest second quarter issuance total in history, according to the Q2 2018 Update report on the insurance-linked securities (ILS) sector by Aon Securities. 14 August 2018
Insurance
The July drought and wildfires in Europe are likely to result in a minimum of €3.5 billion economic loss, according to the latest Aon catastrophe report. 10 August 2018
Insurance
Tropical Storm Risk (TSR) predicts 11 named storms, 5 hurricanes, and 1 major (Category 3+) hurricane between the months of June and November of 2018. 7 August 2018
News
DXC’s innovative Digital Minds programme is an opportunity for brokers, insurers and London Market associations to embrace and lead digital change within the industry. Its founder Caroline Bedford told Intelligent Insurer how the programme is producing the digitally switched-on C-suites of the future. 6 August 2018
Insurance
The Carr fire in California which burned nearly 100,000 acres is now among the top 10 most destructive fires on record in California, according to an Aon Cat Alert. 31 July 2018
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