Articles
Insurance
NAGICO Group, one of the largest privately-owned general insurance companies in the Caribbean, renewed a substantial excess of loss treaty with Swiss Re on Jan 1 – and, in a symbolic gesture, signed the deal at sea. 8 January 2019
Insurance
Argo Group US has appointed Gary Grose, Argo Group’s head of marketing and producer management, as the interim head of Colony Specialty, its excess and surplus lines carrier, following the retirement of Ron Vindivich. 8 January 2019
Insurance
CFC, a specialist insurance provider, has launched a new version of its cyber insurance product, introducing coverage for business interruption as well as expanded coverage for a variety of cybercrime activities. 8 January 2019
News
Speciality re/insurer Brit owned by Fairfax Financial Holdings has made a significant investment in Sutton Special Risk, a managing general underwriter (MGU) specialising in accident & health business, in a deal that offers Brit exposure to more business in the US and Canada. 8 January 2019
Insurance
HDI Global Specialty, a creation of a merger of the specialty lines activities of Hannover Re and HDI Global, has appointed its first chief executive and said it underwrote more than €1 billion in premium volume at the start of the year. 8 January 2019
Insurance
US insurers Allstate, State Farm and USAA have launched lawsuits that could be worth billions against Pacific Gas & Electric (PG&E) alleging it is liable for the Camp Fire, California’s most destructive and costly wildfire to date. 7 January 2019
Insurance
The supervisory board of Munich Re has created a new board division and appointed Nicholas Gartside as member of its board of management. 7 January 2019
Insurance
A lack of standard terminology in cyber insurance policies causes confusion for brokers and customers, and is a ultimately stifling market growth, the CEO of cyber insurance comparison engine Cyber|Decider has warned. 7 January 2019
Insurance
The Amynta Group, which comprises a number of warranty, managing general agent (MGA) and specialty risk companies, has acquired ClearView Risk Holdings, a MGA and wholesale brokerage, that controls over $200 million of premium. 7 January 2019
Insurance
Compre, the independent legacy acquirer, has appointed Simon Hawkins as chief financial officer. 7 January 2019
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