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Insurance
US property/casualty insurer Travelers has seen its underwriting income fall sharply in the fourth quarter as well as in the full year of 2017. 23 January 2018
Insurance
An extreme cyber incident that takes a top cloud provider offline in the US for 3 to 6 days would result in economic losses of $15 billion and up to $3 billion in insured losses, according to a Lloyd’s Jan. 23 press release. 23 January 2018
Insurance
XL Catlin’s insurance operation in France and Benelux has launched new local underwriting capabilities with the appointment of Eric Zandvliet as head of political risk, credit & bond (PRCB). 23 January 2018
Insurance
Ryan Specialty Group (RSG) has promoted Reza Khan to CEO and president of ThinkRisk Underwriting Agency and CorPro Underwriting Managers. 23 January 2018
Insurance
Paragon Insurance Holdings, a multi-line specialty managing general agency (MGA), has appointed Andrew Petersen as regional president and executive vice president (EVP) of reinsurance operations. 23 January 2018
Insurance
The performance of the commercial automobile insurance segment in the US has lagged that of other property/casualty (P&C) industry sectors for several years and continued to deteriorate through the third quarter of 2017, according to AM Best. 19 January 2018
Insurance
Wildfires in Northern California and in Southern California caused record-breaking insured losses in 2017, impacting re/insurers’ profitability and requiring changes in underwriting and the underlying risk models. 17 January 2018
Insurance
US-bases commercial insurer CNA has appointed Carrie Goesel as vice president, financial institutions underwriting. 9 January 2018
Insurance
Simon Beale, currently chief underwriting officer of MS Amlin, will succeed Charles Philipps as the CEO in April 2018. 4 January 2018
Insurance
Sompo International's US insurance platform has reached an agreement to purchase the operating subsidiaries of Lexon Surety Group. 4 January 2018
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