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Scyllogis Consulting have been helping customers within the Insurance sector continue to achieve significantly higher levels of business performance from their data management programmes and information systems since 2001. Read how we have worked with some of these customers to achieve significant business results across the world, in our case studies. |
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Insurance organisations today are no more effective at delivering on large-scale data management initiatives than they were 10 years ago. In a recent survey, 70% of the companies said their data management initiatives did not deliver the expected results. That success rate was unchanged from similar surveys conducted in the 1990's. And the environment for data management is only getting more complex.....
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At Scyllogis Consulting all of our consultants have significant experience gained from within the Insurance market. Our people and our culture are our greatest assets. We only select people with relevant experience, intelligence, integrity, passion and the ambition to make a mark and deliver to our Customers the Scyllogis brand values of practical, results based consultancy. Our Consultants are pragmatic and open minded. That is why we deliver solutions that others dont..... Read More
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| EVEREST, HCC TALLY Q4 CATASTROPHE COSTS |
| Industry News | |
| Wednesday, 25 January 2012 | |
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Bermudian re/insurer Everest Re Group and Texas-based specialty insurer HCC Insurance Holdings on Tuesday issued estimates for Q4 catastrophes losses as they prepare their quarterly and full-2011 financial reports. Everest Re expects to post Q4 cat losses of around $245m, including $145m in losses from recent flooding in Thailand, more than the high end of its previous estimated range of Thai losses. The figures are net of reinstatement premiums and taxes. The flood-loss estimate assumes an industry loss of more than $15bn. The balance of the Q4 estimate includes around $50m of upward movement in losses from other disasters earlier in the year as well as a $50m addition to catastrophe reserves for all events for the year. Meanwhile, HCC said that it anticipates posting Q4 cat losses of $6.5m, all related to the Thai flooding and impacting the property insurance and property treaty lines of its international segment. The figure is net of taxes, reinsurance and reinstatement premiums. The flood losses raise the group's total 2011 cat losses to around $117.9m.
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| Last Updated ( Thursday, 01 March 2012 ) | |
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