2017 has been a very active year for catastrophes…and traditional seasons are shifting. That according to Sean Kevelighan, President and CEO of the Insurance Information Institute (I.I.I.). Mr. Kevelighan points to 367 tornadoes in the first quarter of 2017, which surpasses the average of 93 by a large margin. The I.I.I. had estimated an active hurricane season, and forecasts were …

In this AAIS Advisory, Carol King, SVP Canada at Aisus and Chairperson for XML Best Practices and Data in Motion for ACORD, says “companies need to start thinking ahead from an information standpoint.” In a fast-paced world, people want information in the format they want and when they want it. Ms. King explain that a consumer may want to know …

Phil Reynolds, CEO and Co-Founder of BriteCore, outlines the disruptive nature of insurtech companies, and what traditional companies are doing to access new and emerging technology services. Mr. Reynolds describes an online experience he had with one insurtech company that asked for his home address and was able to assemble county records, a visual flyover, the home’s square footage and …

Jerry Theodorou, a Vice President of Insurance Research at Conning, previews a strategic study that looks at Mutual property-casualty insurance companies. According to Mr. Theodorou, there is an elevated degree of concern in five areas: technology, expense ratios, the war for talent, demographic and sociodemographic changes, and the future for personal auto. Conning is finding Mutuals are reacting proactively with …

In this edition of WRIN.tv’s Tech Trends in Insurance, The Institutes President and CEO Peter Miller describes the way Blockchain will change the business of insurance in the future. “It is the plumbing.” Blockchain has the potential to reduce costs, decrease transaction time, improve customer service, enable new product development and affect better financial results – the impact is significant …

NEW YORK, Sept. 14, 2017 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (“AmTrust”) announced today the sale of the personal lines policy management system (“policy management system”) it developed for National General Holdings Corp. (“National General”), to National General. AmTrust will receive total consideration of $200 million, payable in three equal installments. Barry Zyskind, Chairman and Chief Executive Officer, …

NEW YORK, Sept. 14, 2017 (GLOBE NEWSWIRE) — National General Holdings Corp. (NASDAQ:NGHC) today announced that it has entered into an agreement to acquire its personal lines policy administration system (NPS) and the related intellectual property from AmTrust for a purchase price of $200 million.  The purchase price is payable in three equal installments with the first payment made upon …

SEATTLE, Sept. 08, 2017 (GLOBE NEWSWIRE) — Recovery after a hurricane takes time. Depending on the hurricane’s path and magnitude, it can take weeks, months, or even years before things return to normal. This affects pets too. From the immediate aftermath to long-term health concerns, Trupanion, Inc. (Nasdaq:TRUP), a leader in medical insurance for cats and dogs, offers a few …

SUNRISE, Fla., Sept. 08, 2017 (GLOBE NEWSWIRE) — Federated National Holding Company (the “Company”) (NASDAQ:FNHC), an insurance holding company, is providing updates regarding Hurricane Irma, which  is currently located in the Atlantic Ocean and is projected to make landfall in South Florida this weekend.   The Company’s annual shareholders meeting was previously scheduled for Tuesday, September 12, 2017 in South …

SEATTLE, Sept. 07, 2017 (GLOBE NEWSWIRE) — As hurricane season continues to sweep through North America, many people are preparing to evacuate their homes. Trupanion, Inc. (Nasdaq:TRUP), a leader in medical insurance for cats and dogs, is making an effort to help pet owners prepare. With family and pets’ safety in mind, Trupanion has compiled a list of tips and …

ORLANDO, Fla., Sept. 07, 2017 (GLOBE NEWSWIRE) — The Life Insurance Settlement Association (LISA) today announced that E. Benjamin Nelson, a former two-term U.S. Senator from Nebraska, will serve as the featured keynote speaker for LISA’s 23rd Annual Fall Life Settlement & Compliance Conference, to be held October 15th-17th at the beautiful Sandpearl Resort in Clearwater Beach, Fla. “We’re honored …

Ageas announces the dates of its Annual General Meeting of Shareholders, the publication of its results, and the relevant dividend dates. Wednesday 21 February Annual Results 2017 Friday 6 April Publication of the Annual Report 2017 Wednesday 16 May First 3 months 2018 Results Wednesday 16 May Ordinary General Meeting of Shareholders (start of the meeting at 14:30 (CET)) Monday …

MINNEAPOLIS, Sept. 06, 2017 (GLOBE NEWSWIRE) — IHC Specialty Benefits, the fast-growing specialty health division of The IHC Group (NYSE:IHC) announced the launch of Fusion today, a unique and highly innovative health plan for individuals and families who do not have major medical coverage. Fusion, which bundles two of IHC’s industry leading products (a fixed-indemnity medical benefit plan with a …

Press Release6 September 2017 – N° 23 SCOR announces further environmentalsustainability initiatives SCOR’s mission includes protecting people and property from disasters and encouraging environmental sustainability, particularly in an era of climate change. SCOR is continuing to develop its sustainability practices in both investing and underwriting.  In Investments, SCOR reaffirms its commitment to the management of climate risk. In 2015, during …

SCOR Investor Day 2017: SCOR’s success story goes on At its annual Investor Day today in Paris, SCOR’s Executive Management team, led by Denis Kessler, presents an overview of the successful first year of the “Vision in Action” strategic plan and sets forth why the company’s business model is fit for today’s environment. One year after the launch of its …

NEW YORK, Sept. 05, 2017 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the “Company” or “AmTrust”) today announced that effective August 1, 2017, it entered into a new quota share reinsurance contract to reduce exposure to catastrophe and non-catastrophe events related to the business of its Republic Companies, Inc. (“Republic”) subsidiary. The quota share contract has a cession rate …

SPRINGFIELD, Mo. , Sept. 05, 2017 (GLOBE NEWSWIRE) — As Hurricane Irma moves toward the continental United States, the National Weather Service advises there is an increasing chance this will impact the Florida Peninsula and the Florida Keys later this week and into the weekend. While it is too early to determine the exact path and potential of this hurricane, …

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Chicago, Sept. 05, 2017 (GLOBE NEWSWIRE) — Beazley, a leading provider of specialist insurance, has appointed Andrew Mehrhoff as its head of broker relations – north central region.  Andrew will be based in the firm’s Chicago offices and will be responsible for developing new and existing opportunities for Beazley and establishing close working relations with brokers across the region.  He …

Tryg hosts a Capital Markets Day on 20 November 2017 Venue Sofitel London St James, 6 Waterloo Place, London SW1Y 4AN Speakers Morten Hübbe, CEO Christian Baltzer, CFO Lars Bonde, COO Agenda 10:30-11:00 Registration and coffee 11:00-13:00 Management presentations 13:00-14:00 Lunch