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Insurance
The number of companies writing flood insurance in Florida has doubled from 10 to 20 firms in the past year, mainly thanks to the use of new technology to better predict and price flood risk, according to a report by Lisa Miller & Associates. 20 July 2017
Insurance
Global economic losses from natural disasters for 1H 2017 were estimated at $53 billion – 56 percent lower than the 10-year average of $122 billion and 39 percent lower than the 17-year average of $87 billion, according to Aon catastrophe report. 20 July 2017
Insurance
Mercer, a subsidiary of Marsh & McLennan Companies, has appointed Rohit Mehrotra as new chief executive officer (CEO) of Mercer Digital, the firm's new business covering digital solutions. 20 July 2017
Insurance
A series of hailstorms and tornadoes in the US dominated the natural catastrophe statistics in the first half of 2017 though nat cat losses from January to June were below average, according to Munich Re, which warned on the importance of re/insurers understanding climate change – both natural and man-made. 18 July 2017
Insurance
Bermuda holding company Everest Re Group has appointed Brian Farr as the leader of its environmental unit within Everest Insurance. 13 July 2017
Insurance
Lloyd's of London specialist insurer Beazley has received authorisation from the Central Bank of Ireland to convert its Dublin-based reinsurance company into an insurance company permitted to transact business throughout the European Union. 13 July 2017
Insurance
With methodologies of terrorist attacks constantly changing, re/insurers gathered at an Intelligent Insurer roundtable in London to explore how the market should be responding to this evolving threat. 12 July 2017
Insurance
Property/casualty insurer Chubb is creating a standalone cyber risk business under Bill Stewart as division president. 12 July 2017
Insurance
Zurich Insurance's Middle East business has been acquired by global health insurer Cigna Corporation. 12 July 2017
Insurance
UK legal protection and assistance specialist ARAG plc said on July 12 that it grew its income from the reinsurance business in 2016. 12 July 2017
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