Moody’s RMS Event Response has estimated that total private insurance industry losses from hurricane Milton will fall between $22 billion and $36 billion, as the firm trims its combined Helene and … [Read More...] about Hurricane Milton private market insured loss seen at $22bn to $36bn by Moody’s RMS
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Hurricane Milton private market insured loss seen at $22bn to $36bn by Moody’s RMS
Rising uncertainty drives demand for re/insurance in Europe: Swiss Re
Demand for re/insurance is up as the world experiences increasing uncertainty, and this volatile environment and elevated risk landscape creates both challenges and opportunities for insurers and … [Read More...] about Rising uncertainty drives demand for re/insurance in Europe: Swiss Re
Tokio Marine HCC enters Excess Casualty market led by David Perez
Tokio Marine HCC (TMHCC), a specialty insurance provider, has announced its entry into the Excess Casualty market, appointing David Perez to lead the new offering. TMHCC’s entry into the Excess … [Read More...] about Tokio Marine HCC enters Excess Casualty market led by David Perez
Independent Agency News
American Rescue Plan Lowered Health Costs for Millions of Americans Ahead of August 15 Deadline to Get Covered on HealthCare.gov
Hit by an Uninsured Driver in Washington State? Here’s What to Do
Getting hit by an uninsured … [Read More...] about Hit by an Uninsured Driver in Washington State? Here’s What to Do
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European insurers on track for solid FY24 results despite varied country trends: Fitch
European insurance companies posted strong results in 1H24, driven by favourable interest rates and pricing cycles, despite varied national trends, according to Fitch Ratings. Most insurers are on track for a solid full-year performance, with interest rate … [Read More...] about European insurers on track for solid FY24 results despite varied country trends: Fitch
Konrad Baumann joins SRS Switzerland as GM for SRS Europe
Strategic Risk Solutions (SRS), an independent provider of insurance, reinsurance and captive management and consulting services, has announced that Konrad Baumann has joined SRS Switzerland as a General Manager of SRS Europe. He joins the organisation with … [Read More...] about Konrad Baumann joins SRS Switzerland as GM for SRS Europe
Triple-I & Milliman reveals US P&C H1’24 are underwriting results better than expected
According to the latest forecasting report by the Insurance Information Institute (Triple-I) and collaborating partner, Milliman, the first-half economic and underwriting results for the US property and casualty (P&C) industry were better than … [Read More...] about Triple-I & Milliman reveals US P&C H1’24 are underwriting results better than expected
Modernisation as the key to effective risk selection and pricing in underwriting: Altus Consulting
Altus Consulting, a specialist in Financial Services Management Consultancy, has released a whitepaper titled All Aboard for Modernisation: Next Stop Underwriting, which discusses the insurance industry’s imminent next phase of modernisation, with … [Read More...] about Modernisation as the key to effective risk selection and pricing in underwriting: Altus Consulting
AXIS Capital introduces new leadership for its Irish legal entities
AXIS Capital Holdings Limited, a provider of specialty insurance and reinsurance solutions, has announced new leadership appointments for its Irish legal entities, AXIS Re SE and AXIS Specialty Europe SE, both based in Ireland and regulated by the Central Bank … [Read More...] about AXIS Capital introduces new leadership for its Irish legal entities