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Insurance
Germany’s Allianz saw claims stemming from California wildfires, hurricanes Harvey, Irma and Maria plus European storms and other natural catastrophes rise to €1.1 billion in 2017 compared to €0.7 billion in 2016. 16 February 2018
Insurance
Specialty re/insurer Brit experienced an overall rate reduction of 1.3 percent in 2017, following a 3.3 percent reduction in 2016. 16 February 2018
Insurance
Despite seeing cybersecurity as a top risk management priority, a survey finds out that only few senior executives believe in their organization’s ability to mitigate and respond to a cyber event. 16 February 2018
Insurance
Canada-based Fairfax Financial Holdings reported net earnings of $1.74 billion for 2017 compared to a net loss of $512.5 million in the fiscal year 2016. 16 February 2018
Insurance
Marine insurance-focused The Navigators Group reported a stable combined ratio for the fourth quarter of 2017 while the ratio climbed in the full year on the back of natural catastrophes. 16 February 2018
Insurance
Everest Re Group has appointed Shaun Safi as vice president in the US property team of Everest Insurance. He joins from Zurich Insurance. 16 February 2018
Insurance
Data analytics provider Verisk's business Geomni has enhanced its drone service for properties with the launch of its new mobile app for ground imagery and unmanned aerial vehicle (UAV) inspections. 16 February 2018
Insurance
Microsoft has teamed up with Flyreel, an artificial intelligence (AI)-assisted underwriting solution for commercial and residential properties, according to a Feb. 15 press release. 15 February 2018
Insurance
XL Group CEO Michael McGavick said that he is not surprised that there is speculation about a potential takeover of XL Group by other market players. 14 February 2018
Insurance
Specialty re/insurer Brit has completed the fourth annual renewal and expansion of its Bermuda domiciled special purpose insurer Versutus, the company said in a Feb. 14 press release. 14 February 2018
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