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Insurance
S&P Global Ratings said on Oct. 12 that it revised its outlook for Lloyd's to negative from stable. 12 October 2017
Insurance
Australian insurer Suncorp has appointed Gary Dransfield as the new CEO of insurance, replacing Anthony Day who has decided to leave the company after serving for almost 10 years. 12 October 2017
Insurance
Property/casualty insurer Chubb has appointed Edward Rayfield as head of casualty in Singapore. 12 October 2017
Insurance
China’s regulator has banned China’s Bohai Life Insurance from providing financial aid “in any form” to HNA Group in the next six months while it improves its corporate governance, Reuters reported on Oct. 12. 12 October 2017
Insurance
The Chartered Insurance Institute (CII) has appointed Jeremy Trott as the new chair of its claims faculty board. 12 October 2017
Insurance
Lloyd’s of London has signed its first Artificial Intelligence (AI) deal to automate business processes in the market. 9 October 2017
Reinsurance
SCOR said on Oct. 9 that Hurricanes Harvey, Irma and Maria, as well as the Mexico earthquakes, will cost the company €430 million net of retrocession and tax for the third quarter of 2017. 9 October 2017
Insurance
Willis Towers Watson has strengthened its insurance consulting and technology business with the appointment of Neil Bruce and Tim Rourke. 9 October 2017
Insurance
Hurricane Nate came ashore near the mouth of the Mississippi River on Saturday, October 7, according to the National Hurricane Center (NHC). Nate is the fourth hurricane to make landfall in the US in the past two months. 9 October 2017
Insurance
Everest Re Group has appointed Mike Harnett as vice president, deputy chief underwriting officer for Everest Insurance North America. 9 October 2017
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