According to estimates from risk modelling firm AIR Worldwide, hurricane Isaac (category 1) could cause insured losses between USD 700 million and USD 2 billion. The estimates include wind and storm-surge damage to onshore residential, commercial and industrial properties and their contents, motor vehicles, additional living expenses for residential properties...
The BMS group has chosen Sequel to replace its legacy broking software across its markets in the US, London and Bermuda. Group chief information officer at BMS, Phil Hill mentioned: “We needed something that would run our USA, Bermuda and London market operations without any maintenance on our side,...
Garwyn’s chief executive Artur Niemczewski has estimated that up to 80 percent of claims could fall out of the RTA Portal if it is extended to employers’ and public liability in mid September. Referring to the high drop-out rate, Niemczewski said: “Serious questions must therefore be asked about the...
