Insured Losses for Typhoon Faxai Estimated at US$3B-US$7B: AIR Worldwide September 16, 2019 Industry insured losses from Typhoon Faxai, which made landfall in Japan on Sept. 9, will be between 340 billion Japanese...
JBA Risk Management Launches Probabilistic Global Flood Model September 16, 2019 The global leader in flood risk management, JBA Risk Management, launched the first probabilistic global flood model, which allows re/insurers...
Humberto Strengthens into 3rd Atlantic Hurricane of 2019, Heading to Bermuda September 16, 2019 By L.S. Howard Tropical storm Humberto has now intensified into the third Atlantic hurricane of 2019 with top sustained winds of 75 mph,...
Reith to Step Down as Group CEO of Neon September 16, 2019 American Financial Group Inc. announced that Martin Reith intends to resign his executive roles with Neon, including stepping down as...
U.K. Police Drop Probe Into Pro-Brexit Group Leave.EU, Co-Founded by Insurance Exec September 13, 2019 By Franz Wild U.K. police dropped an investigation into whether Brexit supporting campaign Leave.EU breached electoral law, saying there was insufficient evidence to...
Euro Zone to Launch Public Cryptocurrency in Response to Threat of Facebook’s Libra September 13, 2019 By Francesco Guarascio Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they...
U.K. Telematics Insurer Finds Motorists 32% More Likely to Crash on Friday the 13th September 13, 2019 Analysis of almost five billion miles of driving data and associated claims in the U.K. shows that Friday is the...
Edwards Named CEO of Aspen Insurance UK and Aspen Managing Agency September 13, 2019 Aspen Insurance Holdings Ltd. announced that Clive Edwards has been appointed chief executive officer of Aspen Insurance UK Ltd. (AIUK)...
New Tropical Storm Threatens Bahamas and Could Set Sights on Eastern Florida September 13, 2019 By Brian K. Sullivan Tropical storm warnings have been declared for the Bahamas, which was just battered by Hurricane Dorian, evidence of strengthening in...
Tokio Marine Kiln Announces Leadership Changes, Including New CEO Irick September 13, 2019 Tokio Marine Kiln (TMK) announced that after 11 years as chief executive officer, Charles Franks is assuming new responsibilities within...