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Insurance
Bermuda-based property and casualty re/insurer Sompo International is acquiring Italian agriculture insurance specialty company A&A, according to a Feb. 8 press release. 9 February 2018
Insurance
Specialist insurer Hiscox is changing its group management structure to build on growth momentum in its retail businesses, according to a Feb. 8 press release. 8 February 2018
Alternative Risk Transfer
Bermuda-based Arch Capital Group said on Oct. 25 that its mortgage insurance (MI) business obtained $368 million of indemnity reinsurance from Bellemeade Re 2017-1, a special purpose insurer. 26 October 2017
Insurance
Lloyd’s specialist insurer Beazley has introduced a product seeking to quote any US management, professional, cyber and healthcare liability risks that can be legally underwritten, provided that no other London insurer offers terms. 4 April 2017
Insurance
Pen Underwriting’s innovative escape of water claims process could save industry almost £100m a year
A new escape of water claims process devised and delivered by specialist insurance business Pen Underwriting, in partnership with third-party administrator Davies Group, has the potential to reduce related industry indemnity spend by almost £100 million a year, Pen Underwriting said. 14 October 2019
Insurance
Thomas Miller Specialty, an underwriting agency providing marine, offshore, aerospace and cyber insurance products, has set up a general aviation division. 26 September 2017
Insurance
The former chief financial officer Rory O’Connor and two former actuaries of RSA Insurance Ireland have admitted misconduct and agreed to fines and other sanctions following the conclusion of the Financial Reporting Council’s (FRC) investigation into financial irregularities at the company in respect of the year ended 31 December 2012 and relevant prior periods. 22 February 2017
Insurance
Italian insurer Assicurazioni Generali has launched a new asset management company headquartered in New York City that it claims will have a "disruptive revenue model". 21 September 2018
Insurance
The global reach of Lloyd’s combined with the nimble nature of its carriers means the market has the potential to lead from the front when it comes to gaining advantage from new technologies, a new report has suggested. 21 September 2018
Insurance
Hurricane Florence will likely be an earnings event for the private insurance industry but the National Flood Insurance Program (NFIP) could be hit with heavy losses, potentially resulting in claims for its reinsurers for the second year in a row and its first cat bond being triggered, according to Fitch Ratings. 21 September 2018
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