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Insurance
UK’s network for independent insurance brokers is extending its regional footprint with the acquisition of Lincolnshire-based Thompson & Richardson. 13 December 2017
Insurance
Insurtech firm Quantemplate has received £2.5 million of new capital to accelerate its expansion plans while appointing David Lundgren as CEO and board director. 12 December 2017
Insurance
The General Insurance Stress Test (GIST) conducted by the UK’s Prudential Regulation Authority (PRA) suggested weaknesses in the natural catastrophe modelling of insurers. 11 December 2017
Insurance
Commercial insurance prices were nearly flat during the third quarter of 2017, according to Willis Towers Watson’s most recent Commercial Lines Insurance Pricing Survey (CLIPS). 11 December 2017
Insurance
Bermuda-based re/insurer Validus Holdings has made several leadership appointments, reflecting an organisational change that results in three new reportable segments - reinsurance, insurance and asset management. 11 December 2017
Insurance
The insured property losses caused by extratropical cyclone Herwart that affected Austria and Germany in October are estimated to be at €252 million, according to data provider PERILS. 11 December 2017
Insurance
A destructive wildfire raging in southern California has expanded significantly, scorching an area larger than New York City, BBC News reported on Dec. 11. 11 December 2017
Insurance
AM Best has revised the outlooks for the main non-life insurance subsidiaries of Zurich Insurance Group to stable from negative following corrective actions by the management on the group’s property & casualty (P&C) operations. 11 December 2017
Insurance
Property/casualty insurer Chubb has appointed Tracey Laws as senior vice president, general counsel, global government and industry affairs. 11 December 2017
Insurance
New products based on technology and data are increasingly being brought to market, while claims processes are being sped up through technologies such as blockchain, freeing up capabilities for new services, according to panellists at an Intelligent Insurer roundtable sponsored by S&P Global Ratings at October’s Baden-Baden Reinsurance Meeting. 10 December 2017
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