AIG has appointed Charlie Fry, the former CFO of Novae Group, as head of reinsurance buying, operations and transformation, as new CEO Brian Duperreault continues to build his senior team
QBE said it would take a $600mn hit to profits in the fourth quarter after further 2017 catastrophe losses led it to exhaust its $900mn aggregate reinsurance programme.
Data provider Property Claim Services (PCS) has released its initial view on insured losses within US territories from Hurricane Irma, putting the figure at $18.03bn, sister publication The Insurance Insider revealed
The $200mn Kilimanjaro Re 2014-B cat bond has been downgraded from aa BB- to a B- rating by Standard & Poor's (S&P) following hurricanes Harvey, Irma and Maria.
