Articles
Insurance
FedNat Holding Company estimates that its aggregate gross losses as a result of hurricane Michael will be approximately $275 million, the bulk of which will be covered by reinsurance. 16 October 2018
Insurance
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has appointed Ann Haugh as president of its global markets division, based in London, and Rob Smart as the head of Specialty Re. 16 October 2018
Insurance
Industry insured losses resulting from hurricane Michael’s winds and storm surge will range from $6 billion to $10 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide. 16 October 2018
Insurance
Blockchain will lead to new risk assessment models and a new way of looking at data, according to Magdalena Ramada Sarasola, director, insurance consulting and technology, at Willis Towers Watson. 16 October 2018
Insurance
Private US property/casualty (P&C) insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, according to Verisk’s ISO and the Property Casualty Insurers Association of America (PCI). 16 October 2018
Insurance
JLT Group has hired a senior executive from Starr to expand its facultative business in North America, based in JLT Fac’s New York office. 16 October 2018
Insurance
Lloyd's re/insurance broker RFIB Group has appointed Simon McCrum as managing director of Asia Pacific, based in RFIB’s Singapore office that was launched in October last year. 16 October 2018
Insurance
Liberty Specialty Markets (LSM) has appointed Roland Heinesch as new cyber underwriter in its Zurich office, citing that the company is “seeing a real increase in demand” across the country. 16 October 2018
Insurance
AM Best has downgraded Bahrain-based Trust International Insurance & Reinsurance Company (Trust Re) after extended delays in the release of its audited financial statements. 16 October 2018
Alternative Risk Transfer
The ILS sector did much to cement its position at the centre of risk transfer after its broadly positive response to the 2017 cat losses. But some investors feel they were misled on the size of those losses, which continue to escalate, and were overpromised on the rate increases that would result. Intelligent Insurer investigates. 16 October 2018
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