U.S. Weather in March to Cost Insurers More than $2 Billion: Aon April 7, 2017 Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of...
April 1 Renewals Saw ‘Disciplined Softening’ with Ample Capacity: Aon & Willis Re April 7, 2017 By L.S. Howard With abundant capacity, aggressive capital market competition and acceptable returns for global reinsurers, it’s no wonder that the elusive bottom...
RMS Expands Range of ‘Cyber-Physical’ Models for Property Insurers April 6, 2017 RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the expansion of its range of cyber models to include...
CNA Hardy Names Chubb’s Legassick as Head of Life Sciences & Technology April 6, 2017 CNA Hardy, the London-based specialist commercial insurer, announced the appointment of David Legassick as head of Life Sciences, Technology &...
Markel Canada Buys Remaining 50% Stake in Allsport April 6, 2017 Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd....
Initial Insured Loss Estimate for Storm Thomas Is €213M ($222.7M): PERILS April 6, 2017 The initial estimate of insured property market losses for extra-tropical cyclone Thomas, which hit the British Isles, the Netherlands, Belgium...
UK’s Alan Boswell Group Buys Sutcliffe Insurance Brokers April 6, 2017 Alan Boswell Group, the Norwich, England-based insurance broker and financial adviser, announced it has acquired Sutcliffe Solloway & Co. Ltd....
Top 3 Causes of Global Liability Claims = 60% of Value: Allianz Report April 5, 2017 By L.S. Howard Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according...
International, Large-Scale Cyber Attack Uncovered by Cyber Security Watchdogs April 5, 2017 A large-scale cyber attack from a group targeting organizations in Japan, the United States, Sweden and many other European countries...
EU to Pay €60M to Britain for Repair of 2015-16 Flood Damage – Despite Brexit April 5, 2017 Britain will get 60 million euros (51.3 million pounds) from the European Union to repair damage caused by the floods...