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Insurance
Cyber insurance and directors’ and officers’ (D&O) liability insurance go hand in hand now that company business models increasingly revolve around technology, according to a white paper published by Airmic with support from Marsh and AIG. 5 November 2018
Insurance
SOBC DARAG, a joint venture between US-based run-off specialist SOBC and European legacy acquirer DARAG, has acquired Florida-based Peachtree Casualty Insurance Company. 5 November 2018
article
Occam Underwriting, a specialty lines-focused managing general agent (MGA), has appointed a cyber security professional to its board, and an Ironshore executive as its new chief financial officer (CFO). 5 November 2018
Insurance
Fairfax Financial Holdings, which owns a number of re/insurers including Allied World, Brit and Zenith National, posted a solid net profit in the third quarter of 2018 despite exposure to a number of natural catastrophes in the quarter. 2 November 2018
Insurance
After selling the claims business of Direct Group for £36 million earlier this month, UK intermediary Ardonagh Group has revealed that it is selling its commercial managing general agency (MGA) businesses to Arch UK Holdings for up to £31 million. 1 November 2018
Insurance
American International Group’s (AIG) chief executive Brian Duperreault said the company is working with a “sense of urgency” and “taking decisive actions across the company” as the business posted another big loss in its third quarter results. 1 November 2018
News
Swiss Re reported a net income of $1.1 billion for the first nine months of 2018 compared to a loss of $468 million for the same period a year ago, despite an estimated claims burden of $1.6 billion from natural catastrophes and large man-made events. 1 November 2018
Insurance
Specialty re/insurer Canopius has appointed Gabrielle Folliard as head of claims from Markel International. 1 November 2018
Insurance
Arch Capital Group enjoyed solid growth and a return to profitability in the third quarter of 2018 as it managed to avoid the catastrophe losses that have hit the results of some of its peers. 1 November 2018
Insurance
Lancashire Holdings posted what it called a “disappointing loss” in the third quarter of 2018 as it absorbed the effects of another busy period in terms of catastrophe losses; its book also shrank significantly mainly because of reinstatement premiums and the timing of some large multi-year deals. 1 November 2018
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