For the combined months of July and August, Allstate’s catastrophe losses reached $814 million, or $643 million after tax. Year-to-date through August, the company’s total catastrophe losses stood at $3.67 billion, with an after-tax impact of $2.90 billion. Source link
Lockton receives approval for reinsurance business launch in Colombia | Insurance Business America Reinsurance Lockton receives approval for reinsurance business launch in Colombia It supports the firm’s growth strategy in Latin America, led by a local expert team Reinsurance By Kenneth Araullo Lockton announced that it has received regulatory approval to establish a reinsurance brokerage…
AM Best affirms A rating for Taiping Reinsurance with stable outlook | Insurance Business America Reinsurance AM Best affirms A rating for Taiping Reinsurance with stable outlook Results backed by parent company Reinsurance By Kenneth Araullo AM Best has affirmed the financial strength rating of A (Excellent) and the Long-term issuer credit rating of “a”…
ARPC acknowledges cyclone pool’s role in lowering premiums in high-risk areas | Insurance Business America Reinsurance ARPC acknowledges cyclone pool’s role in lowering premiums in high-risk areas Insurers adjust policies, passing savings to consumers Reinsurance By Kenneth Araullo The Australian Reinsurance Pool Corporation (ARPC) has acknowledged the Australian Competition and Consumer Commission’s (ACCC) third insurance…
OpenAI’s new model brings enhanced reasoning to insurance underwriting – RGA | Insurance Business America Reinsurance OpenAI’s new model brings enhanced reasoning to insurance underwriting – RGA New capabilities could transform the industry in complex risk evaluations Reinsurance By Kenneth Araullo OpenAI introduced a significant update to its ChatGPT platform on Sept. 12 with the…
