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Insurance
The Insurance Council of Australia (ICA) said that Tropical Cyclone Debbie triggered 7,500 claims and that insurance losses could reach into the hundreds of millions of dollars as householders and businesses return to their properties and lodge claims. 31 March 2017
Insurance
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has expanded its inland marine team with the hiring of Tom Warner, Mike Lewis and Timothy Janeway. 30 March 2017
Insurance
The four largest cedants in Germany are boosting reinsurance demand in the country as they take advantage of soft market conditions, according to AM Best’s analysis of the 20 largest cedants. 23 March 2017
Insurance
Re/insurer XL Catlin has appointed James Tuplin as head of cyber and technology for its international region, which excludes the US, Canada and Bermuda. 21 March 2017
Insurance
The Insurance Council of Australia (ICA) has appointed Suncorp's insurance CEO Anthony Day as its president and chairman of the board. 17 March 2017
News
Swiss Re has revealed it plans to make a number of changes to its board of directors at its AGM on April 21 this year. 16 March 2017
Insurance
Allianz Global Corporate and Specialty (AGCS) has promoted Emy Donavan to lead its cyber insurance business, succeeding Nigel Pearson who has left the company to pursue other opportunities. 14 March 2017
Insurance
The re/insurance markets remain cyclical, with the industry operating on the very margins of profitability, a big catastrophic loss would adjust the balance of capital and underwriting opportunity, Alex Maloney, group chief executive of Lancashire, said in the company’s annual report. 14 March 2017
News
Hurricane Matthew hit profits at Oxbridge Re Holdings, a property/casualty reinsurer based in the Cayman Islands that primarily covers insurers in the Gulf Coast, in 2016 and plunged the company into a loss in the fourth quarter specifically but its CEO said he was broadly pleased with its performance. 14 March 2017
Insurance
Cape, a UK-based manufacturer of industrial materials, has agreed to pay a £52.5 million product liability settlement to three insurers relating to litigation over the carriers' historic employers' liability exposures, however, Cape has not admitted any liability, describing the settlement as "removing the distraction of a likely protracted appeals process". 14 March 2017
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