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Insurance
Based on the initial loss estimates relating to Hurricane Harvey, primary insurers - as opposed to reinsurers - will bear the brunt of the covered losses from Hurricane Harvey, according to S&P Global Ratings. But the rating agencies also stressed that some companies will be better able to absorb the losses than others. 29 August 2017
Insurance
Bermuda-based re/insurer Validus Holdings has appointed Troy Fornof as vice president of underwriting and marketing, contract division, at Western World Insurance Company. 29 August 2017
Insurance
Auto insurers could be hard hit by the flooding in Texas triggered by Hurricane Harvey, according to S&P Global Ratings, which has also warned that business interruption claims could be high. 29 August 2017
Insurance
The National Flood Insurance Program (NFIP) run by FEMA could require emergency additional funding in the aftermath of flood losses in Texas as the high losses complicate its already perilous financial position. 29 August 2017
Insurance
RMC Group, a provider of insurance, risk management, retirement and actuarial consulting services, has opened two new offices in the UK as it seeks growth in both the UK and Europe. 23 August 2017
Insurance
German non-life insurers will continue increasing premiums to offset declining yields in their investment portfolios, Fitch has suggested in a new report. 23 August 2017
Insurance
Brown & Riding, the US-based wholesaler and specialty insurance broker, has appointed a new chief operating officer. 23 August 2017
Insurance
Great American Insurance Group has revealed it plans to boost its E&S presence by forming a new division designed to leverage the collective experience of two units: the American Empire Group and the Specialty E&S Division. 23 August 2017
Insurance
Opportunities in the US mortgage business have provided reinsurers with some respite from deteriorating business conditions in traditional property casualty (P&C) reinsurance lines, but margins are tightening, according to an S&P Global Ratings report. 21 August 2017
Insurance
Specialty re/insurer MS Amlin has announced that chief finance and operations officer Richard Hextall will be leaving the company at the end of September. 18 August 2017
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