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Insurance
UK non-life insurers to raise premiums to offset claims inflation
UK non-life insurers are set to increase motor and household premiums to counteract claims inflation, Fitch Ratings said on Aug. 24.   24 August 2017
News
AXIS Capital partners with start-up Plug and Play to boost innovation
Bermuda-based specialty re/insurer AXIS Capital Holdings said on Aug. 24 that it has partnered with digital start-up Plug and Play to boost digital innovation.   24 August 2017
News
JLT Re appoints head of strategic advisory for the Americas
Reinsurance broker JLT Re has promoted Nick Dranchak to head of strategic advisory for the Americas.   24 August 2017
Insurance
Fairfax and Mitsui Sumitomo partnership will extend to reinsurance buying
Fairfax Financial and Mitsui Sumitomo Insurance Company have unveiled a global strategic alliance that revolves around the latter buying the majority of Singapore-based First Capital Insurance from Fairfax but which also has wider implications for the way the two companies manage their reinsurance buying.   24 August 2017
News
AXIS Re poaches Swiss Re professional liability specialist
AXIS Re, part of AXIS Capital, has poached a professional liability reinsurance specialist from Swiss Re.   24 August 2017
Insurance
Hong Kong weathers strongest typhoon to hit China since 2012
Hong Kong’s mountainous coastline and strongly enforced building codes lessen wind vulnerability compared to other coastal areas in the South China Sea meaning damage from Hato, the strongest typhoon to hit China since 2012, could be limited, according to catastrophe modeling firm AIR Worldwide.   24 August 2017
Insurance
Losses from 2016 Italy quake revised upwards
The Mw 6.0 earthquake which impacted Central Italy on 24 August 2016 will now cost the insurance industry €108 million, much higher than the €66 million originally suggested three months after the event, according to PERILS, the catastrophe insurance data firm.   24 August 2017
Insurance
A Hurricane Andrew repeat would cost $56bn in the US: AIR
If Hurricane Andrew were to recur today the expected total industry insured losses, based on today's exposures, would be approximately $56 billion in the US, catastrophe risk modelling firm AIR Worldwide said on Aug. 21.   21 August 2017
Insurance
HDI Global CEO sees cyber driving commercial insurance growth
Cyber insurance is increasingly becoming a growth driver for German commercial insurer HDI Global, according to CEO Christian Hinsch.   21 August 2017
Insurance
Too early to assess the EU collective redress arrangement: Insurance Europe
Lobby group Insurance Europe has responded to a European Commission call for evidence on the operation of collective redress arrangements in the European Union.   21 August 2017

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