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Insurance
A hypothetical magnitude 7.0 earthquake epicentered in Oakland would damage more than a million homes and less than 10 percent of total residential losses would be insured because of a low residential earthquake insurance take-up in the Bay Area, according to a scenario developed by the US Geological Survey (USGS). 19 April 2018
Insurance
US specialty insurer RLI is “off to an excellent start in 2018” with a 91 combined ratio and continued strong organic growth across much of the product portfolio, CEO Jonathan Michael commented the first quarter 2018 results. 19 April 2018
Insurance
Ensurance, a construction and engineering managing general agency (MGA) and Lloyd’s coverholder, has launched a combined construction liability product, backed by Faraday Syndicate 435 at Lloyd’s. 19 April 2018
Insurance
Specialist commercial insurer CNA Hardy has gained authorisation to set up operations in Labuan, Malaysia, expanding its presence in Asia. 18 April 2018
Insurance
AXIS Capital is among the top five players in cyber globally by premium written, and the Bermuda-based insurer has appetite for more and plans to grow faster than the market in the coming years, as Dan Trueman, chief innovation officer and cyber unit head, tells Intelligent Insurer. 18 April 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is to begin underwriting fine art and specie in Germany with the appointment of Ulrike Janvier as senior underwriter. 18 April 2018
Insurance
Airline premium and rates ended 2017 higher than the preceding year for the first time in a decade and the underlying conditions continue to support higher premium and rates in 2018, says David Godley, founder partner of Altitude Risk Partners, a specialist aviation and space underwriting agency. 18 April 2018
Insurance
A reduction in UK motor insurance premiums is underway as insurers anticipate reforms to curb whiplash claims and reduce lump-sum payments for long-term care costs and lost earnings, according to Fitch Ratings. 18 April 2018
Insurance
Claims from hurricane Irma which struck Florida in September 2018 have reached $8.6 billion in the state, according to the Florida Office of Insurance Regulation. 18 April 2018
Insurance
The insurance broker merger and acquisition (M&A) activity has declined in North America in the first quarter of 2018, according to investment bank Optis Partners. 18 April 2018
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