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Insurance
Losses from natural catastrophes in the third quarter will likely wipe out global reinsurers' annual earnings and ultimately become a capital event for the sector, S&P Global Ratings said on Oct. 13. 16 October 2017
Insurance
The recent hurricanes have turned the spotlight on to the importance of flood modelling, which has come a long way in a short amount of time, Pete Dailey, vice president and head of global flood models at RMS, told PCI Today. 16 October 2017
Insurance
S&P Global Ratings has announced that it expects US property/casualty (P/C) insurers’ credit to be resilient in the face of hurricanes Harvey, Irma and Maria (HIM) in its latest rating report. 16 October 2017
Insurance
Partnering with a strategic managed services provider at the cutting edge of change represents a sensible strategic decision that allows insurers to focus on their core strengths, Arun Balakrishnan, chief executive officer of Xceedance, tells PCI Today. 16 October 2017
Insurance
The fact that the recent hurricane losses are unlikely to become a capital event for reinsurers owes much to the industry’s greater sophistication in its use of enterprise risk management, writes Stuart Shipperlee, managing director of Litmus Analysis. 15 October 2017
Insurance
Bermuda-based Everest Re said on Oct. 12 that it expects to incur pre-tax catastrophe losses, net of reinsurance and reinstatement premiums of $1.2 billion in the third quarter. 13 October 2017
Insurance
S&P Global Ratings said on Oct. 12 that it revised the outlook for XLIT, formerly known as XL Group and now a subsidiary of it, to stable from positive. 13 October 2017
Insurance
Catastrophe losses from the recent US hurricanes and Mexican earthquakes will lead to price rises on London Market insurers' loss-affected lines and could also affect wider market pricing trends, Fitch Ratings said in an Oct. 12 statement. 13 October 2017
Insurance
Bermuda-based re/insurer AXIS Capital Holdings said on Oct. 12 that it expects the total net financial impact from third quarter 2017 catastrophe losses at $578 million. 13 October 2017
Insurance
European run-off insurance company DARAG has appointed Tullio Ferrucci as CEO of DARAG Italia. 13 October 2017
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