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Insurance
US property and casualty insurers reported a $4.7 billion net underwriting loss in 2016, com-pared to an $8.9 billion net underwriting gain in 2015. Their net income after taxes dropped 25 percent to $42.6 billion from $56.8 billion the previous year. 9 May 2017
Insurance
Disruptive Capital Investments, a £250 million fund controlled and managed by City financier Edi Truell, has acquired a majority stake in REG (UK), an online counterparty risk management platform for the UK general insurance market. 27 April 2017
Insurance
Catastrophe modelling firm AIR Worldwide, a Verisk Analytics business, has unveiled a cyber risk modelling application for the re/insurance market that will provide underwriters and risk managers with a variety of cyber analytics. 24 April 2017
Alternative Risk Transfer
Now that the market has a solution for ocean marine and offshore energy, the time could be right for these risks to flow into the ILS market, says Tom Johansmeyer of Verisk Insurance Solutions. 20 April 2017
Insurance
London-based specialty re/insurance market Lloyd’s has inaugurated its Indian branch in the presence of UK Chancellor Philip Hammond and joined by MS Amlin as the first participating syndicate. 5 April 2017
Insurance
Property Claim Services, a Verisk Analytics business, has launched its global marine and energy service as its first solution outside the property-catastrophe sector. 5 April 2017
Insurance
The risks associated with a volcanic eruption have received insufficient attention in the past, particularly with regards to ash fall, said Swiss Re’s head of earthquake Patrice Tscherring. 5 April 2017
Insurance
Insurance Australia Group (IAG) increased its natural peril cost assumption for 2017 and lowered its insurance margin guidance range after Tropical Cyclone Debbie hit Australia’s Northeast. 5 April 2017
Alternative Risk Transfer
PCS designated more catastrophe events in 2016 than in any year since 1980, as Tom Johansmeyer of ISO Claims Analytics, a division of Verisk Insurance Solutions, reports. 23 March 2017
Insurance
Verisk Analytics, a provider of property/casualty (P&C) insurance risk information, has acquired an Indian data solutions company Fintellix. 28 February 2017
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