Reinsurance News
Cincinnati
Cincinnati Insurance names Stephen Spray as new Chief Insurance Officer
21st August 2018
Cincinnati Financial Corporation has announced that Stephen M. Spray is to become the new Chief Insurance Officer (CIO) of its lead subsidiary, The Cincinnati Insurance Company, succeeding outgoing CIO Jacob F. Scherer, Jr., who plans to retire in August 2019. Additionally, Cincinnati announced that Sean M. Givler, Senior Vice President – ... Read the full article
$114mn of cat losses could push Cincinnati to underwriting loss in Q3
12th October 2017
Cincinnati Financial Corporation has revealed that the property casualty group of Cincinnati Insurance Companies expects to experience pre-tax catastrophe losses of up to $114 million in the third-quarter of 2017, which could push its combined ratio above 100% for the period. The firm anticipates pre-tax catastrophe losses of between $102 million ... Read the full article
Cincinnati expands high-end clients programme to Washington & Massachusetts
17th August 2017
The Cincinnati Insurance company has expanded its Executive Capstone programme for high net worth personal insurance clients to Massachusetts and Washington. The Executive Capstone programme offers cover features, limits, and options to tailor insurance for clients with homes valued at more than $1 million, yachts, high-end cars, collector cars and personal articles. The ... Read the full article
Cincinnati expects Q4 catastrophe losses of up to $85 million
13th January 2017
The Cincinnati Insurance Companies' property and casualty (P/C) division expects preliminary estimated catastrophe losses of up to $85 million for the fourth-quarter of 2016, according to a recent company announcement. Pre-tax catastrophe losses for the U.S. domiciled carrier, during the fourth-quarter of 2016, are expected to total between $75 million and $85 million. ... Read the full article
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