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Insurance
Insured losses for Hurricane Harvey are estimated at approximately $650 million pre-tax, and Irma estimated from $800 million to $950 million, according to preliminary loss estimates from Chubb. 28 September 2017
Insurance
Generali Deutschland, a German primary insurer part of Generali Group, is in the process of restructuring its business by consolidating 10 of its product groups into one and by putting its life business Generali Leben into run-off. 28 September 2017
Insurance
VIG Re, the Czech Republic-based reinsurer, is opening a branch office in Frankfurt, Germany, to expand its European presence. 28 September 2017
Insurance
The insured property market loss for tropical storm Debbie, the strongest tropical cyclone in the Australian region since Cyclone Quang in 2015, has reached A$1.658 billion ($1.3 billion), according to PERILS. 28 September 2017
Insurance
Marsh & McLennan Companies has appointed Katherine Brennan as deputy general counsel, corporate secretary and chief compliance officer. 28 September 2017
Insurance
Munich has overtaken London as the European leader of insurtech, but there’s still hope for London to take back its crown. 28 September 2017
Insurance
Broker Aon is suing rival Willis Towers Watson (WTW) over its hiring of Michael Burwell as the new chief financial officer (CFO) because Burwell advised Aon on its restructuring plans as a partner of PwC. 27 September 2017
Insurance
Specialist insurer Beazley has partnered with Generali to manage data breaches for Generali Brazil’s new cyber insurance offering for its corporate and commercial clients. 27 September 2017
Insurance
US-based insurtech development platform Boost Insurance has raised a $3 million funding round and has partnered with State National Companies and Nephila to provide a turnkey solution for both early stage and expanding insurtech start-ups. 27 September 2017
Insurance
There’s a fundamental problem in the insurance industry: consumers no longer trust insurers. 27 September 2017
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