News
Insurance
Third party capital can help reinsurers lower the cost of capital and therefore coverage and this should be seen as an attractive business opportunity, according to AXIS Capital CEO Albert Benchimol. 16 February 2018
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
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
The private US property/casualty (P&C) insurance industry saw its net income after taxes decline 30.3 percent year on year to $22.4 billion in the first nine months of 2017, according to data provider ISO and the Property Casualty Insurers Association of America (PCI). 29 January 2018
Insurance
The co-founder of insurance startup Lemonade, Shai Wininger, has criticised Amazon’s staff poaching practices and threatened to consider another vendor for cloud services. 15 January 2018
Insurance
The extraordinary mudslides that hit California after torrential rains could result in an economic loss of more than $100 million and insured losses of tens of millions of dollars, according to Impact Forecasting, part of Aon Benfield. 12 January 2018
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