Articles
Insurance
Specialist Lloyd’s broker MNK Re has launched a residual value insurance (RVI) centre of excellence with the appointment of Robert Prince as practice leader. 2 September 2019
Insurance
As the path of hurricane Dorian shifts, the National Hurricane Center (NHC) now projects that the storm will make landfall in Jupiter (slightly north of West Palm Beach), reaching category 4 strength, and bringing heavy rain, storm surge, and 130 mph winds, all of which are expected to cause sizable losses. 30 August 2019
Insurance
Prudential Financial has appointed Andrew Sullivan to succeed Stephen Pelletier as executive vice president and head of US businesses, effective December 1. 30 August 2019
Insurance
CNO Financial Group has hired Karen DeToro as chief actuary, reporting to chief executive officer Gary Bhojwani. She will also join the company's executive leadership group. 30 August 2019
Alternative Risk Transfer
Upgraded to a hurricane, storm Dorian has been described as "extremely dangerous" by the National Hurricane Center (NHC) with the potential to become a category 4 hurricane as it tracks towards Florida. 30 August 2019
Insurance
Apollo Global Management and Athene Holding have entered into a definitive agreement with GE Capital to buy PK AirFinance, an aviation lending business from GE Capital’s Aviation Services (GECAS) unit. 30 August 2019
Insurance
Commercial auto insurtech Inshur, which raised $7 million investment led by Munich Re Ventures earlier this year, has secured additional funding from Israel-based technology venture fund Viola FinTech. 29 August 2019
Insurance
Tropical Storm Dorian is expected to strengthen into a hurricane and predictions suggest it could make landfall on the Florida coastline on Monday September 2 early in the morning, US east coast time. 28 August 2019
Insurance
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
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
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