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Insurance
JLT Specialty hires Aon exec to build construction practice in US
JLT Specialty USA, a subsidiary of broker Jardine Lloyd Thompson Group, has appointed Andy O’Brien as a partner in its Boston office.   10 August 2017
Insurance
Endurance acquisition boosts Sompo’s results
The acquisition of Bermuda-based Endurance has lifted Sompo Holdings’ overseas profit between April and June 2017, helping to improve the consolidated results.   10 August 2017
Insurance
Agency captives can align interests of brokers and carriers
Agency captives can offer agents and brokers the opportunity to earn underwriting profits previously retained by the insurance carrier, and align the interests of the agent and carrier regarding risk selection, pricing and loss control.   10 August 2017
Insurance
Opaque nature of cyber risks makes captives managers wary
Companies looking to better utilise their captive to take on more risks such as cyber, need to adopt a risk-based approach and define an optimal risk financing strategy, according to Adam Peckman, global practice leader at Aon Risk Solutions.   10 August 2017
Insurance
Captive industry has boosted Vermont’s economy, says Governor Phil Scott
Since the introduction of the first captive bill in 1981, captive insurance has played an important role in supporting economic growth in the state of Vermont.   10 August 2017
News
Rates still softening but prices hike on loss-hit treaties: Hannover Re
Pricing on many lines of business continued to soften in the June 1 and July 1 renewals on the back of intense competition though price increases were recorded on treaties hit by losses, especially in Australia and New Zealand, according to Hannover Re, commenting in relation to its first half results.   10 August 2017
Insurance
Lockton expands property/casualty team with new hire in US
Insurance broker Lockton has hired Sean Coykendall to grow its property/casualty operations in the Milwaukee office.   10 August 2017
Insurance
CoreLogic expands property underwriting offering with Myriad platform
US property data analytics provider CoreLogic has expanded its insurance underwriting capabilities with the addition of new automated underwriting platform Myriad Development.   10 August 2017
Insurance
Insurance start-up Jetty closes $11.5m financing round led by Valar
New York-based renters insurance provider Jetty said on Aug. 8 that it closed an $11.5 million Series A financing round led by Valar Ventures, the fund backed by Peter Thiel.   9 August 2017
Insurance
AmTrust Q2 profit plummets as reinsurance cost bite, combined ratio deteriorates
New York-based insurance holding company AmTrust Financial Services saw its profits plummet in the second quarter of 2017 as the cost of a retroactive reinsurance agreement weighs on results and the combined ratio deteriorates.   9 August 2017

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