Natural catastrophes and other weather-related losses hit Travelers during the second quarter of 2017, although the carrier did post a record level of net premiums written during the period.
Michelle McLaughlin will succeed Edward Radzinski who will retire at the end of this month after 39 years with the firm.
The proposed regulations address previous criticisms that approval of ILS vehicle sub-cells would take too long.
Insurance Australia Group has streamlined its operations in Australia as part of its plan to reduce costs by up to 10% by the end of the 20149 financial year.
One hailstorm in Colorado was the most damaging event for the insurer during the second quarter of 2017.
The latest digital edition of Reactions leads with the new flags being planted by London market insurance firms founding new EU subsidiaries because of Brexit.
Insurtech funding has jumped by over 200% in just one quarter as firms look to tackle their loss adjusting expenses with new technology.
As insurance technology initiatives reach $985m of funding, the latest report from Willis Towers Watson suggests claims management is increasingly in the technologists’ sights.
The international organisation will help manage the risk centre, which is backed by the UK and German governments.