United States of America (USA)
Applied Net 2017: Applied System's Tam platform to run until migration to Epic is complete
Applied System’s Tam broker platform will run alongside its new release Epic until its customer base has fully migrated.
Applied Net 2017: Applied Systems 'not averse' to UK acquisitions
Applied Systems is "not averse" to potential acquisitions as it rolls out its Epic platform in the UK.
Lloyd’s sees 16% profit slip from ‘challenging’ conditions
Lloyd’s has seen a 16% fall in its pre-tax profits owing to “challenging” market conditions, its CEO said.
Maria industry losses could total $85bn
Industry insured losses for Hurricane Maria in the Caribbean will be between $40bn and $85bn, according to AIR Worldwide.
Applied Net 2017: Cyber security programmes becoming an increasing priority
Effective cyber security programmes are becoming an increasing priority for businesses as cyber-attacks grow, a conference heard.
Applied Net 2017: Brokers must invest in technology to grow valuations
Brokers need to invest in technology to grow the valuations of their businesses as the market continues its trend of consolidation, a conference heard.
AIG to restructure operations into three units
AIG is restructuring its business into three separate units and is disposing of its commercial and consumer businesses.
EU and US sign covered agreement
The European Union and the United States has today signed the so-called covered agreement on prudential reinsurance measures.
Ardonagh to take aim at ‘dollar economy’, says Ross
The Ardonagh Group can go “anywhere it wants” as it sets its sight on expansion into the US market, the company’s CEO has said
Analysis: Intellectual property: Creative cover
The significance of intellectual property risks has not translated into a large demand for IP insurance policies - yet
Hiscox estimates Harvey impact at $150m
Hiscox anticipates the impact Hurricane Harvey to produce net claims of $150m (£110.6m).
Blog: Making cyber relevant
Neil Ross and Delvin Tillett, senior vice-president and assistant vice-president for underwriting at Axis Pro Europe, explain how insurers and underwriters can make cyber policies relevant in today's fast-moving business environment.
Reinsurers ‘living off the past’ says AM Best executive
"Concerning" negative trends within the non-life reinsurance market have been hidden by loss reserve development, an AM Best executives has said.
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.
JRW Group eyes expansion as it rebrands as Ripe
The JRW Group has rebranded as Ripe, as the business seeks to expand into further niche lines.
Analysis: D&O and the rise in securities class actions
Securities class actions are on the increase as law firms target smaller companies and focus on litigation related to initial public offerings
Hurricane season highlights need to maintain adequate catastrophe loading, says Lloyd’s
The active hurricane season is a timely reminder for underwriters to maintain discipline and adequate catastrophe loading on rates, Lloyd’s Jon Hancock has said.
Harvey and Irma are not market turners, says Hancock
The financial fallout from hurricanes Harvey and Irma will not be enough to turn the market, according to Lloyd’s performance director Jon Hancock.
Lloyd’s sets sights on underinsured markets: Vandendael
Underinsured markets represent a major opportunity for Lloyd’s, the markets chief commercial officer has said.
Three motor service providers acquired under new holding group AGL
Three brands in the vehicle repair, claims and technology sectors have been acquired under holding group AGL, which launched today.
Sciemus to rebrand after securing investing partnership
Specialty Lloyd’s managing general agent Sciemus is set to rebrand after securing an investing partnership with HSCM Bermuda.
Beale calls for ‘urgent’ flood insurance reform
Hurricane Harvey and Irma both highlight the problem of inadequate flood insurance and need for reform in the United States, Inga Beale has said.
Lloyd's report pegs Miami windstorm at $131bn as Irma heads for Florida
Hurricane Irma could see industry property losses of $131bn, according Lloyd's realistic disaster scenario analysis.