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Fairfax-owned insurance run-off management company RiverStone has acquired New York-based third-party administrator and loss adjuster Rockville. 8 July 2019
Insurance
Re/insurance broker Aon has launched an IFRS 17 (International Financial Reporting Standard) solution on its capital modelling platform to help insurers fulfil their reporting obligations. 8 July 2019
Insurance
Specialty re/insurer Brit has appointed James Patterson and Ryan Mimmo as vice president, cyber & technology, for Brit Global Specialty USA (BGSU). 8 July 2019
Insurance
Ridgecrest, in Kern County, California, has been hit by a 6.4 magnitude earthquake, prompting the California Earthquake Authority (CEA) to state that around 2,000 policyholders in the affected area who have seen damage to their property as a result “would be considered well within CEA’s claim-paying capacity for covered claims”. 5 July 2019
Insurance
SOBC DARAG, a subsidiary of run-off specialist DARAG UK, has acquired Innovative Physicians Solutions (IPS) risk retention group (RRG), having received regulatory approval in Vermont. 4 July 2019
News
Unenthusiastic about retirement and unfettered from his obligations to XL, Stephen Catlin has returned to the market in dramatic fashion. Here, he tells Intelligent Insurer the real motivation behind launching his new venture Convex, what will set it apart and why his timing is perfect. 3 July 2019
Insurance
Insurance services and investment company Randall & Quilter Investment Holdings has signed a loss portfolio transfer agreement with two of the largest joint powers authorities in California providing property and general liability cover. 3 July 2019
Insurance
Specialty re/insurer MS Amlin has appointed Rob Houghton as new chief operating officer (COO), replacing Simon Smith who has left the firm less than a year after joining from Willis Towers Watson. 3 July 2019
Insurance
US-based specialty insurance brokerage Alliant Insurance Services has joined global broker network Brokerslink and is set to become a shareholder in the near future. 2 July 2019
Insurance
Player’s Health, a risk management firm specialising in sports, fitness, and wellness, has secured a Series A financing round from Eos Venture Partners, a specialist insurance venture capital investor, and Will Ventures, an investor focused on sports technology. 2 July 2019
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