Content from L.S. Howard
U.S. Flood Models Are Still in Their Infancy, So Underwriters Must Be ‘Cautious Consumers’
The market for privately written inland flood insurance in the United States is growing rapidly, but flood modeling is still in its infancy. As a result, underwriters need to be aware of the ...
Strategic Blockchain: Xceedance and ChainThat Gain Critical Mass
Xceedance decided to jump on the blockchain bandwagon late last year—but rather than building its own platform, it invested in ChainThat, a specialist provider of blockchain solutions for the ...
Generali Selling Belgian Operations to Athora Holding for $668.3M in Cash
Italy's Generali has agreed to sell its Belgian operations to Athora Holding Ltd. for approximately $668.3 million) in cash. The transaction is expected to close in the second half of 2018, subject ...
Plenty of Reinsurance Capacity Remains for Mid-Year Renewals: Aon Benfield
Global reinsurer capital continued to rise in 2017, despite the $136 billion in insured losses from natural catastrophes last year, according to a reinsurance market report published by Aon Benfield. ...
Octo Telematics’ Execs to Buy Russian Shareholder Stake, Paving Way for IPO
Italy's Octo Telematics announced last week that its chairman and chief executive have signed a binding agreement to purchase 20 percent of Octo's shares from Russian company Renova Holdings. This ...
Attritional and Catastrophe Losses Hammered Lloyd’s 2017 Results
The Lloyd's market's pre-tax loss of $2.8 billion in 2017 was partly due to hurricanes and wildfires in the third and fourth quarters. But these losses were exacerbated by the continued deterioration ...
Catastrophe Losses Force Aspen to Cease Underwriting Property Insurance From Bermuda Platform
Aspen Insurance Holdings confirmed on Friday, Feb. 16, that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company's 2017 catastrophe ...
Firsthand Knowledge of Industry’s Problems Led Peterman and Volk to Develop Model for InsurePal
After spending 15-plus years in and around the insurance industry, Matt Peterman and Tom Volk had firsthand experience of the industry's systemic problems with fraud and rising premiums. They decided ...