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Insurance
Specialty property/casualty insurer AmTrust Financial Services said on Oct. 3 that it expects net losses for the third quarter of 2017 from natural catastrophes of between $40 million and $65 million. 4 October 2017
Insurance
Re/insurer XL Catlin has expanded its marine team with the addition of Stephen Clark as vice president, national hull and liabilities practice leader in Chicago, and Alison Rizzi as senior ocean marine underwriter in New York. 4 October 2017
Insurance
Property/casualty insurer American Financial Group (AFG) said on Oct. 3 that it expects losses from natural catastrophes of approximately $105 million pretax and net of AFG’s reinsurance coverage for the third quarter. 4 October 2017
Insurance
Insurer Chubb has announced several management appointments for its general and life insurance operations. 4 October 2017
Insurance
Willis Towers Watson has made a series of senior appointments to newly-created roles in its North America corporate risk and broking (CRB) business. 4 October 2017
Insurance
Specialist insurer Beazley said on Sept. 29 that it expects the aggregate net cost of the recent Atlantic hurricanes Harvey, Irma and Maria and the series of earthquakes in Mexico to cost the company between $175 million and $275 million. 29 September 2017
Insurance
The US National Flood Insurance Program (NFIP) is in need of a significant overhaul which should include an expanded coverage, updated flood maps and higher rates, according to experts speaking to Intelligent Insurer. 29 September 2017
Insurance
Robotic Process Automation is expected to improve insurers’ earnings by about 37 percent with staff numbers falling 20 percent in back office functions, according to a base case scenario by Royal Bank of Canada (RBC). 29 September 2017
Insurance
Across Europe, insurers spend billions of dollars every year in just claim processing costs, and they need help changing this, according to Lex Tan, founder of insurtech startup MotionsCloud. 29 September 2017
Insurance
Insured losses from Hurricane Maria will be between $15 and $30 billion, according to estimates by risk modelling firm RMS. 29 September 2017
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