Reinsurance
An Early Insured Property Loss Estimate From Hurricane Florence: $3B-$5B
Insured residential and commercial property losses relating to Hurricane Florence are expected to reach $3 billion to $5 billion, according to early estimates from CoreLogic. The number includes wind ...
Germany’s Manufacturers Sustain Nearly $50B in Cyber Attack Costs: Study
Two thirds of Germany's manufacturers have been hit by cyber-crime attacks, costing industry in Europe's largest economy some 43 billion euros ($50 billion), according to a survey published by ...
Bermuda’s Fidelis Insurance Reorganizes Underwriting Biz Into 4 Divisions
Fidelis Insurance Holdings Ltd. is restructuring its business into four divisions: Bespoke, Reinsurance, Partnerships and Specialty. Richard Brindle, chairman and group CEO, will take on the ...
The Hanover CEO Roche: Chaucer Sale Could Help Fuel Investment in Talent, Divisions, Select Acquisitions
The Hanover Insurance Group could use some of the $950 million it will make from selling its Chaucer international specialty business to fuel organic growth, pursue select acquisitions and hire top ...
The Latest Launches From AIG/Validus and At-Bay
AIG's Validus Specialty launched a new division focused on crisis management. At-Bay said it launched its 2019 cyber insurance policy form throughout the United States. *** AIG's Validus Specialty ...
As Hurricane Florence Approaches, Cat Bond Traders Are Trying to Understand Storm’s Risk
Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they're in store for painful losses. If the storm's path of destruction -- which is aimed at ...
Insurers Brace for Significant Hurricane Florence Catastrophe Losses
U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding. Hurricane ...
The Latest Launches From MS Amlin/Envelop Risk and Verisk’s PCS
MS Amlin and Envelop Risk formed a new underwriting partnership focused on cyber reinsurance. Verisk's Property Claim Services beefed up its PCS Global Cyber service with coverage for cyber ...