Catastrophe modeling firm AIR Worldwide has forecasted that Hurricane Isaac will cause insurance losses between $700m-$2bn in the US. The calculation of losses includes wind and storm surge damage to onshore residential, commercial and ...
Tags: AIR Worldwide, catastrophe modeling, Hurricane Isaac, insurance loss
Aspen Insurance Holdings has reshaped the management of its insurance segment in order to hold a firm grip in the underwriting industry. The company has appointed its current co-CEO Rupert Villers as chairman of Aspen Insurance and ...
Tags: Aspen Restructures, Aspen Insurance Holdings, insurance segment
ACE USA, the US retail operating division of the ACE Group, has named Caroline Clouser as the executive vice president, medical risk & life sciences, with an aim to boost its market share in the US underwriting sector. Clouser will manage ...
Tags: ACE USA, Caroline Clouser, executive vice president, medical risk
ACE USA, the US retail operating division of the ACE Group, has named Caroline Clouser as the executive vice president, medical risk & life sciences, with an aim to boost its market share in the US underwriting sector. Clouser will manage ...
Tags: medical risk, life sciences, market share, Life Sciences division
The Navigators Group’s US underwriting agency, Navigators Management has appointed Mark Yunque as chief actuary and senior vice president and will report to senior vice president and chief financial officer Ciro DeFalco. In his new ...
Tags: Navigators Group, Navigators Management, Mark Yunque, financial officer
Toronto Dominion Bank has disposed its US insurance subsidiary to USI Insurance Services, a middle-market brokerage firm owned by Goldman Sachs Capital Partners, for an undisclosed amount. The bank cum underwriter said that it sold the US ...
Tags: Toronto Dominion Bank, USI Insurance Services, dispose, insurance
Italy-based Generali is contemplating to dispose its US life reinsurance business, thus paving a way to exit from US underwriting market. Italian largest insurer by annual premiums has appointed Citigroup to counsel it on the proposed ...
Tags: insurance, life reinsurance, reinsurance, increase
Clal Insurance Enterprises, a subsidiary of IDB Holding, controlled by Nochi Dankner, has signed an agreement with National Indemnity Company, a subsidiary of Berkshire Hathaway, controlled by Warren Buffet, for the sale of wholly-owned ...