Articles
Insurance
Five separate storm systems spawned severe thunderstorms across the US in April leading to $2.3 billion in economic damage across the country, according to Aon’s latest Global Catastrophe Recap report. 9 May 2018
Insurance
Aon CEO Gregory Case expects new regulation to more than double reported cyber losses. 9 May 2018
Insurance
Munich Re has benefitted from low major losses in the first quarter of 2018, lifting its net profit to €827 million from €557 million in the first quarter of 2017. 8 May 2018
Insurance
The New York State Department of Financial Services (DFS) has fined Chubb and Lockton a combined $8.3 million for underwriting an NRA- (National Rifle Association) branded insurance programme. 8 May 2018
Insurance
Hannover Re has boosted gross premium by 17.6 percent year on year to €5.3 billion, an increase of 27.5 percent adjusted for exchange rate effects. 8 May 2018
Insurance
Warren Buffett said he doesn’t want Berkshire Hathaway being a leader on cyber insurance because neither he nor others in the industry really know the risk, according to a May 5 Bloomberg News report. 8 May 2018
Insurance
Bermuda-based property and casualty re/insurer Sompo International Holdings (SIH) has completed the integration of Sompo Japan Nipponkoa Insurance Company of Europe (SJNKE) on May 1 with SJNKE becoming a wholly-owned subsidiary of SIH. 8 May 2018
Alternative Risk Transfer
Bermuda-based specialist insurer Hiscox has grown gross written premiums by 24.3 percent year on year to $1.16 billion in the first quarter of 2018 as Hiscox London Market and Hiscox Re & ILS took advantage of the hardening market at the Jan. 1 renewals. 8 May 2018
Insurance
Munich Re has increased premium volume by 8.1 percent year on year in the April 1, 2018 renewals to around €1.6 billion as the reinsurer took advantage of opportunities in India and Japan. 8 May 2018
Insurance
HDI Global, the industrial insurer of the Talanx group, has made personnel changes in its management board following the departure of Joachim ten Eicken. 8 May 2018
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