Articles

Insurance

$13bn in property at risk as hurricane Michael approaches Florida

Florida is preparing for the impact of Hurricane Michael which could make landfall as a category 3 storm later this week, according to data provider CoreLogic.   9 October 2018

Insurance

Davies acquires specialist consulting firm Ember

Consulting and digital solutions provider Davies group is acquiring Ember group, a customer experience (CX) consulting and digital solutions business.   9 October 2018

Insurance

Tropical storm Michael to turn into hurricane

Tropical storm Michael is expected to become a hurricane and carry strong winds and rain to Cuba, Florida and southern Georgia, according to the National Hurricane Center (NHC).   8 October 2018

Insurance

Marsh can cope with debt burden after JLT acquisition: S&P

Following an in-depth business and financial review, S&P Global Ratings believes Marsh&McLennan (MMC) will likely be committed to and able to de-lever back to a range appropriate for the firm’s current rating despite a very significant increase in debt to fund its acquisition of insurance broker JLT.   8 October 2018

Insurance

Lancashire issues Q3 profit warning after marine, cat losses

Lancashire Holdings has issued a profit warning for its third quarter 2018 results due to losses in its marine and catastrophe re/insurance portfolios.   8 October 2018

Insurance

CNA Hardy exits Lloyd’s property treaty/marine hull; senior duo departs

Specialist commercial insurer CNA Hardy has confirmed its plan to exit property treaty, marine hull and construction/erection all risks (CAR/EAR) business on the Lloyd’s platform.   8 October 2018

Insurance

Lockton Capital Markets hires experts for insurtech expansion

Broker Lockton has hired two financial services and technology experts from Citibank and Deutsche Bank for its recently launched capital markets unit.   8 October 2018

Insurance

Raschbaum receives $2.2m as he retires from Maiden

Former Maiden Holdings CEO Arturo Raschbaum has been awarded a lump-sum cash payment of $2.2 million as part of his retirement package.   5 October 2018

Insurance

AIG launches $6.1m lawsuit in Kim Kardashian robbery case: report

American International Group (AIG) has filed a lawsuit on Wednesday, Oct. 3 in Delaware against Pascal Duvier and his company Protect Security seeking $6.1 million in relation to the Kim Kardashian West robbery, according to BBC News and CNN reports citing court documents.   4 October 2018

Insurance

Insurtech Oscar partners with US benefits enrolment platform

New York-based Oscar Health, a technology-focused health insurance company, has partnered with online benefits enrolment platform for insurance brokers EaseCentral.   4 October 2018

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