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Insurance
RSA Insurance Group is planning to set up a new subsidiary entity in Luxembourg as the headquarters of its existing EU branches in Belgium, France, Germany, Spain and the Netherlands. 5 June 2017
Insurance
Nearly 6.9 million US homes along the Atlantic and Gulf coasts are at potential risk of damage from hurricane storm surge inundation with a total reconstruction cost value (RCV) of more than $1.5 trillion, according to a new report by US data analytics company CoreLogic. 1 June 2017
Insurance
The US casualty renewal rates have increased in the first quarter of 2017 for the first time since the third quarter of 2014, according to the latest Marsh Global Insurance Market Index. 1 June 2017
Insurance
Allstate, Liberty Mutual and Travelers are on top of a list of insurers most exposed to what is expected to be an “above average” 2017 Atlantic hurricane season, CreditSights analysts wrote in a May 31 note. 1 June 2017
Insurance
The implementation of the new accounting standard IFRS 17 may cost between £1bn – £2bn in the UK, said Nic Nicandrou, chief financial officer of Prudential. 1 June 2017
Insurance
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan, has strengthened its regional team in Europe with the appointment of Hans van Oort as managing director of Benelux operations. 1 June 2017
Insurance
Property/casualty insurer Chubb has named John Watkins as senior vice president, head of casualty claims for its North America claims organisation. 1 June 2017
Insurance
Insurtech Trace Isys has appointed Simon Howden as chief executive officer of the company. 1 June 2017
Insurance
Dale Underwriting Partners, which is managed by Lloyd’s third-party managing agency Asta, has announced the launch of its new contingency and sports personal accident business. 1 June 2017
Insurance
US-based insurtech platform Slice Labs has launched its on-demand homeshare insurance product across 13 states. 1 June 2017
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