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Property

 

 

June US storms could cost billions in losses: Aon

Aon said the largest share of damage occurred thanks to a series of thunderstorm systems in and around the Chicago metropolitan area from June 9 to 11

Property Aon

Willis Re names Ogilvie global head of non-marine specialties

Both Ogilvie and Dart join Willis Re from Guy Carpenter

Property People moves

What rebuilding nuclear power means for UK insurers

While the next generation of nuclear power offers significant growth opportunities, it also introduces a new generation of risks that require careful calibration of policy wordings, aggregation management and capital deployment

Specialty Casualty

Philippine domestic insurers will take quake losses

Mindanao tremor could cause tens of millions in losses, AM Best says

Property Reinsurance

Experience gives Artificial Labs the edge in the US market: Joost

Eric Joost will spearhead insurtech’s expansion into the US wholesale market, where other tech firms mostly operate in the retail insurance space

Insurtech North America

Philippines quake ‘may prompt reinsurers to adjust risk appetite’

June 8 quake struck near southern Mindanao, killing close to 40

Property Reinsurance

UIB hires Webb to lead US binder growth

Kevin Webb will build transportation-focused binder business at the Lloyd’s broker

People moves Property

WTW expands international property facility

Expanded facility offers up to $60m of follow capacity per placement

International Willis Towers Watson

Insurers underestimating risk of ‘supershear’ quakes

MS Amlin study finds destructive supershear ruptures are behind two thirds of insured earthquakes losses, yet are excluded from catastrophe models

Property Reinsurance

Data centre insurance challenges are beginning to mount up

Delay in start-up and contingent business interruption covers are becoming trickier to obtain as projects become more complex and elements such as on-site power plants are introduced

Property North America

HDI Global names Hunt UK and Ireland CEO

Hunt was named interim chief executive in February following the departure of former chief executive Stephanie Ogden

United Kingdom Ireland

Public property insurance advocate leads in California

Becerra has called for rate freeze, while Kim proposes public catastrophe insurance programme

Property United States
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