Personal Lines
Philippines Explores Plan to Sponsor Catastrophe Bond Issue
The Philippines' finance ministry said on Sunday it was exploring a plan to sponsor a catastrophe bond issue, similar to the one launched by the World Bank early this year covering Latin American ...
$25 Billion: Estimated Economic Losses Caused by Hurricane Michael
Hurricane Michael will probably end up causing at least $25 billion in economic losses. About $3 billion of that will fall on the federal flood insurance program and private insurers may get hit with ...
FEMA Chief Calls for a Natural Disaster Preparation Focus on Insurance and ‘Resilience’
Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and leaders to better prepare for natural disasters such as ...
Cincinnati Financial Will Pay $134M for London Specialty Underwriter Owned by Munich Re
Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and Munich Re subsidiary, in a bid to diversify its earnings and expand its ...
Executives On The Move at Capital Insurance Group and Willis Towers Watson
Capital Insurance Group named a new vice president of Claims. Willis Towers Watson appointed a new head of Construction Broking in its Corporate Risk and Broking segment. *** Capital Insurance Group ...
Act 2 of the InsurTech Revolution Is on Its Way
The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and ...
Damage From Hurricane Michael Could Reach $4.5B in Florida Alone: Standard & Poor’s
Hurricane Michael is expected to inflict up to $4.5 billion in insured losses on coastal and inland Florida, according to a report from Standard & Poor's. But while the hurricane will be costly ...
AIG CEO Duperreault’s Validus Acquisition Could Heighten Carrier’s Storm Loss Exposures
American International Group Inc.'s Brian Duperreault spent his first year as chief executive officer on a rebuilding effort, and his biggest acquisition is the one that can magnify the insurance ...