Caribbean
Hiscox estimates Harvey impact at $150m
Hiscox anticipates the impact Hurricane Harvey to produce net claims of $150m (£110.6m).
Harvey highlights insurance penetration shortfall says Aon Benfield
A significant proportion of the flood losses generated by Hurricane Harvey in Texas and Louisiana will be uninsured, highlighting the existence of a global protection gap, Aon Benfield has said.
Reinsurance role at an ‘inflection point’ for disaster relief: WTW CEO
The global reinsurance sector is at an inflection point in how it is utilised by the humanitarian sector, according to Willis Towers Watson’s CEO of capital science and policy.
Hurricane Irma insured losses to be 'significantly' higher than anticipated
Insured losses as a result of Hurricane Irma will be "significantly" higher than originally expected.
Q&A: David Pigot, Cunningham Lindsey
Nine months into the job, Cunningham Lindsey’s newly appointed CEO of UK and International, talks about a career spent on the move, and the need to keep your head above water in those sink or swim moments.
Peak Re completes 50% acquisition of Caribbean insurer
Hong Kong-based reinsurer Peak Re has completed the 50% acquisition of Caribbean-insurer Nagico.
Peak Re buys 50% stake in Caribbean insurer
Hong Kong headquartered Peak Re has bought 50% of Caribbean insurer Nagico for an undisclosed amount.
Sandy loss "comfortably" within budget, says Hannover Re
Losses arising from Superstorm Sandy are within Hannover Re's major loss budget for 2012 after the firm estimated a €261m net burden of loss from last October's storm.
Interview: Reg Brown - Been there, done that, got the t-shirt
Reg Brown has seen it all in more than half a century working in insurance, but the chairman of the Managing General Agents’ Association’s drive to improve the industry and inspire its next generation is stronger than ever.
Caribbean cat risk report issued on Sandy
The Caribbean Catastrophe Risk Insurance Facility has issued a risk report after two of its members, Jamaica and the Bahamas, were hit by tropical cyclone Sandy.
Mapfre to provide assistance services for Dominicana Compañía de Seguros
Mapfre Asistencia's Dominican Republic-based subsidiary will offer an assistance scheme for motor insurance cover to customers of general insurance firm Dominicana Compañía de Seguros.
Member governments renew catastrophe insurance policy with Caribbean risk pool
All 16 member governments of the Caribbean Catastrophe Risk Insurance Facility will renew their hurricane and earthquake insurance for 2012 to 2013.
Tysers snaps up Ropner team to head up North American D&F operation
International Lloyd's broker Tysers has snapped up a three-strong management team from Ropner Insurance Services to head up the firm's direct and facultative property operation in the North American international specialty division.
Axis promote cat claims manager for the Caribbean
Loss adjuster Axis has promoted a new regional manager to take over responsibility for the delivery of adjusting catastrophe claims in the Caribbean.
No major Caribbean losses from Irene
The Caribbean Catastrophe Risk Insurance Facility has announced that, while Hurricane Irene resulted in registered losses in six of its member countries (Anguilla, Antigua & Barbuda, the Bahamas, Haiti, St. Kitts & Nevis and the Turks & Caicos Islands),…
Caribbean risk pool appoints Guy Carpenter
Guy Carpenter has replaced Aon Benfield as the placing broker for the Caribbean Catastrophe Risk Insurance Facility.
Crawford names Marc Godfrey to manage GTS operations in Brazil
He will be based in Sao Paulo and will report to Mauricio Alonso, senior vice president and regional managing director for Latin America, and also work with Bill Johnstone, senior vice president for GTS – Americas.
RMS: 2010 saw second most hurricanes since 1851
The 2010 Atlantic Hurricane season, which officially ended on 30 November, had the second highest number of hurricanes since records began in 1851, according to analysis by Risk Management Solutions.
Caribbean Governments receive $12.8M insurance payout
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) completed insurance payments to the Governments of Barbados, Saint Lucia and St. Vincent & the Grenadines following the passage of Tropical Cyclone Tomas which passed close to these islands on 30…
Sagicor income falls to $33.4 m
Sagicor has recorded a drop in net income in the first nine months of the year to $33.4 m (£20.75 m) compared to $64.0 m in the same period in 2009.
Former PWS chief executive jailed for 21 months
Julian Messent, the former chief executive of broker PWS International, has been jailed for 21 months after admitting making or authorising bribes totalling $2m.
Swiss Re: insurance can help reduce climate risk impact by up to 90%
Innovative insurance solutions hold the key to driving climate adaptation initiatives in the developing world and securing the development prospects of communities threatened by rising climate risks.
Cat pool pays out to Anguilla
The Anguilla government has been paid $4.23m by the Caribbean Catastrophe Risk Insurance Facility following the passage of Tropical Cyclone Earl, which passed close to the island on 30 August.
Hurricane Earl losses could top $150m
AIR Worldwide estimates that insured losses from Hurricane Earl’s passage near the northern Leeward Islands earlier this week are between $50m and $150m.