News
Insurance
The three major Japanese non-life insurance groups - Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings – have incurred their biggest annual catastrophe loss on record in the first half of the financial year ending March 2019 (FYE19), according to Fitch Ratings. 26 November 2018
Insurance
The blockchain insurance industry initiative B3i is finalising a funding round as it plans to target the commercial insurance market. 23 November 2018
Insurance
Commercial insurance pricing increased for the fourth consecutive quarter in the third quarter of 2018 by more than 1 percent, driven by property and financial and professional lines, according to the most recent Global Insurance Market Index compiled by Marsh. 22 November 2018
Insurance
The costs from the extensive casualty and property damage caused by these catastrophes such as typhoons Jebi and Trami are likely to result in record high gross domestic wind/flood catastrophe losses to the Japanese property and casualty (P&C) insurance industry in fiscal year 2018, according to Moody’s. 21 November 2018
Insurance
Mike Reynolds, CEO of JLT Re has stepped down from his position. 21 November 2018
Insurance
Italian insurer Generali wants to invest around €1 billion in internal strategic initiatives for innovation and digital transformation as part of its 2021 three-year strategic plan. 21 November 2018
Insurance
Arch Insurance has appointed Hugh Sturgess as the new CEO of Arch Insurance International, succeeding Matt Shulman who was recently named CEO of Arch Insurance North America. 21 November 2018
Insurance
The US insurance industry has only limited exposure to PG&E Corporation, the California utility whose equipment is being investigated as having a potential role in the deadly Camp Fire, according to AM Best. 21 November 2018
Insurance
Fitch Ratings sees ongoing pressure on underwriting margins and expects catastrophe claims to continue to undermine insurers’ operating stability. 21 November 2018
Insurance
Syndicate Research Limited (SRL) has affirmed the A- (Good) Continuity Opinion of Lloyd's syndicate 2003 but has changed the outlook for the Continuity Opinion from stable to negative in light of the syndicate’s recent 5-year average performance relative to its Continuity Opinion peer group. 21 November 2018
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