Insurance

Citizens Property Insurance Corp. has released its first estimate on losses from Hurricane Nicole, a category 1 storm that hit Florida’s east coast Nov. 10. Modeled losses plus loss adjustment expenses – but not including anticipated litigation costs – will …

This edition of International People Moves details appointments at Generali’s Global Corporate & Commercial, Berkshire Hathaway Specialty Insurance and Optio Group. A summary of these new hires follows here. Generali Global Corporate & Commercial Names Marcato as Head of Financial …

Ninety percent of the counties in the United States suffered a weather disaster between 2011 and 2021, according to a report published Wednesday. Some endured as many as 12 federally-declared disasters over those 11 years. More than 300 million people …

Markel Corp. said current co-CEO Thomas S. Gayner will become the sole CEO upon the retirement of co-CEO Richard R. Whitt III on January 1, 2023. Markel in May announced the anticipated retirement of Whitt by the end of March …

Turkey is to demand that oil tankers passing through its key Bosphorus shipping strait must provide proof that they have adequate insurance, a move that could have implications for Russia’s giant crude-exports program. Ships hauling oil through the waterway and …

Donald Trump’s jail-bound longtime finance chief is still a company man, collecting a hefty salary from the former president’s namesake Trump Organization even as he makes his long-awaited turn as the prosecution’s star witness in a criminal tax fraud trial …

Collision repair shop owner Steve Piispanen didn’t hire an attorney because he considers them to be “not educated” when it comes to insurance law. He represented himself when he appealed a local judge’s decision to dismiss a $1,093.37 claim against …

The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to “unshackle” the City of London after leaving the European Union. Reform would potentially free up billions of pounds …

Allianz SE sees a “huge opportunity” from asset management in China because the nation needs to diversify overseas investments, its chief executive officer said. Chinese investors need to diversify, which requires advice on how to invest in Europe or US …

IRB Brasil Resseguros SA said on Thursday that chief executive Raphael de Carvalho had resigned after just over a year in the position, following a difficult few months at the Brazilian reinsurer. At an extraordinary meeting, IRB’s board of directors …