Articles
Insurance
Cayman Islands-based reinsurer Greenlight Capital Re has become the largest shareholder in US managing general agent (MGA) AccuRisk following its latest investment in the company. 15 January 2019
Insurance
Specialty insurer OneBeacon has recruited the chief underwriting officer (CUO), executive liability practice, of Great American Insurance Group. 15 January 2019
News
Swiss Re has estimated its preliminary combined claims burden from recent natural catastrophes booked in the fourth quarter of 2018 at approximately $1.0 billion, net of retrocession and before tax, mainly affecting the reinsurance operations. 15 January 2019
Insurance
Mondelez, the US food company that owns the Oreo and Cadbury brands, is suing Zurich Insurance for refusing to pay out on a $100 million claim for damage caused by the NotPetya cyber attack in what is seen as the first major legal dispute over how companies recover the costs of a cyber-attack. 15 January 2019
Insurance
US power utility firm PG&E is preparing to file for Chapter 11 bankruptcy as it faces potential liabilities resulting from the 2017 and 2018 Northern California wildfires. 14 January 2019
Insurance
US-based global insurance broker AmWINS Group is acquiring The Flood Insurance Agency (TFIA), a Florida-based managing general agency (MGA) that specialises in private market flood insurance. 14 January 2019
Insurance
ASQ Underwriting, part of Alliant Underwriting Solutions, has launched a programme to provide bespoke transactional risk insurance to broker trading partners across North America. 14 January 2019
Insurance
US-based managing general agent Zodiac Insurance Services, a subsidiary of Lloyd’s broker AFL Insurance Brokers, has launched a new directors and officers (D&O) capacity for the global small financial institutions (Small FI) market. 14 January 2019
Insurance
Lloyd’s of London should spend more time focusing on the US and less time trying to grow in fast-emerging economies, Andrew Brooks, incoming chair of the Lloyd’s Market Association, according to the Financial Times. 14 January 2019
Insurance
Munich Re-backed insurtech firm Trov is expanding its on-demand insurance offering to four additional states in the US. 14 January 2019
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