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NSM acquires KBK Insurance for North America expansion
Insurance
NSM Insurance Group has acquired the assets of US-based KBK Insurance Group, a provider of commercial auto insurance products and services.   3 December 2018
Marriott sued for $12.5bn in data breach case
Insurance
A class-action lawsuit seeking $12.5 billion, or $25 for each customer whose privacy may have been jeopardized, has been filed against Marriott after the hotel chain revealed a data breach affecting 500 million customers of its Starwood hotels, according to a Dec. 1, 2018 report by The Oregonian.   3 December 2018
US insurers retain coal support
Insurance
While most of the leading European insurers have by now taken action on coal, none of the nine US insurers assessed have taken any steps, according to the Unfriend Coal campaign.   3 December 2018
Insurance
Industry insured losses from the Woolsey fire in Southern California will be at least $2.5 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide.   3 December 2018
Insurance
Bermuda insurers have lowered their net catastrophe exposure in 2017 compared to the previous year by about 2.0 percent, according to a Nov. 30 Catastrophe Risk in Bermuda report by the Bermuda Monetary Authority (BMA).   3 December 2018
Insurance
AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” from “a-” of Puerto Rico-based Integrand Assurance Company while placing the Credit Ratings (ratings) under review with negative implications.   30 November 2018
Insurance
AM Best has removed from “under review with negative implications” the rating of Sirius Bermuda Insurance Company, Sirius International Insurance Corporation and Sirius America Insurance Company as the Nasdaq listing of the group boosts the independence from its Chinese parent.   30 November 2018
Insurance
US insurer WR Berkley has appointed Brad Nieland as president and CEO of Berkley Accident and Health.   30 November 2018
Insurance
US-based Lemonade is coming to Europe – its first major market outside of the US, Daniel Schreiber, CEO and co-founder, announced in a November 29 blog.   29 November 2018
Insurance
Moody’s estimates total insured losses from the Camp and Woolsey wildfires in California for property and casualty (P&C) re/insurers at $10-$15 billion.   29 November 2018

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