Articles

Insurance

Insurtech Kin raises $47m to launch Florida carrier with Hudson Structured backing

Chicago-based insurtech start-up Kin has raised $47 million funding from new investors including Hudson Structured Capital Management (HSCM Bermuda), August Capital, Avanta, and UChicago Startup Investment Program.   28 August 2019

Insurance

Commercial P&C shows ‘signs of continued market firming’ in Q2 2019 with 7th quarter of price rises, finds CIAB

The Council of Insurance Agents & Brokers (CIAB) has reported signs of continued market firming in Q2 2019 as premium pricing for commercial property and casualty (P&C) showed “moderate increases” in the second quarter of the year.   28 August 2019

Insurance

AM Best: 2017/18 cat losses cause downgrades to outpace upgrades in H1 2019

Rating downgrades during the first half of 2019 outpaced rating upgrades for the first time in five years, according to a new AM Best report.   27 August 2019

Insurance

Broker Ames & Gough appoints Jessie Witherow assistant vice president

Insurance broker and risk management consultancy Ames & Gough has appointed Jessie Witherow to the post of assistant vice president.   27 August 2019

Insurance

CAC Specialty taps up Colin Daly to co-lead its Financial Lines Practice

CAC Specialty has appointed Colin Daly to co-lead of its Financial Lines Practice (FLP) as he takes up the post of executive vice president.   27 August 2019

Insurance

IGI CEO Jabsheh points to ‘healthier’ insurance market as H1 2019 results show growth

International General Insurance (IGI) has reported a rise in net profits and gross written premiums (GWP) as vice chairman and CEO Wasef Jabsheh pointed to the insurance market being in a “healthier position than it has been for a long time”.   27 August 2019

Insurance

Argo Surety increases single bond capacity to $100m; reshuffles key people

Provider of commercial, contract, and international surety bonds Argo Surety has unveiled an increased Treasury listing capacity that means it can consider single bonds up to $100 million.   27 August 2019

Insurance

Chubb launches expanded liability solutions for middle market to help close coverage gaps

Property/casualty insurer Chubb has launched a new platform designed for middle market manufacturers as they embrace new technologies and processes to remain competitive.   23 August 2019

Insurance

Markel board approves new $300 million share buyback

The board of specialist insurer Markel has approved a new $300 million share buyback scheme to begin immediately.   23 August 2019

Insurance

Everest Insurance makes trio of hires for private company/not‐for‐profit group

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired three new members for its financial lines private company/not‐for‐profit group.   23 August 2019

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