Articles

Insurance

Arch buys insurtech managing general underwriter Ventus Risk Management

Arch Insurance North America has entered into a definitive agreement to acquire insurtech managing general underwriter (MGU) Ventus Risk Management.   15 August 2019

Insurance

Berkshire's BHSI adds automatic reinstatement to Asia D&O amid "targeted and aggressive" regulatory environment

Berkshire Hathaway Specialty Insurance (BHSI), a wholly owned subsidiary of Warren Buffett’s Berkshire Hathaway, has added automatic reinstatement provision to its executive first directors & officers (D&O) liability insurance offering in Asia.   14 August 2019

Insurance

Berkshire's BHSI to offer transactional liability insurance in Asia, Middle East; hires senior leader from Pembroke

Berkshire Hathaway Specialty Insurance Company (BHSI) has launched its transactional liability insurance offering in Asia and the Middle East (AME) under the leadership of a new senior hire from Pembroke.   8 April 2019

Insurance

Ryan Specialty snaps up Oklahoma P&C broker Westphalen

Ryan Specialty Group (RSG), a specialty insurance services business based in Chicago, has acquired the assets and operations of Westphalen Insurance Services, an independent wholesale insurance brokerage based in Oklahoma.   11 February 2019

Insurance

Nationwide insurance to cut 1,100 US jobs

Ohio-headquartered Nationwide Mutual Insurance Company is reducing its workforce by 1,100 positions in the US and will start laying off about 80 workers at its downtown Des Moines location, according to several regional news publications.   14 November 2018

Insurance

Miller recruits from Howden and Ironshore to drive growth in Asia

Miller has recruited two senior executives in Singapore to help drive growth in Asia – one from Ironshore and one from Howden.   2 February 2018

Insurance

AXA XL lands AIG's Klepper as CUO for short-tail insurance

AXA XL, the property & casualty and specialty risk division of AXA, has named AIG's Robert Klepper as chief underwriting officer (CUO) of short-tail insurance lines.   19 June 2019

Insurance

TMK unveils ‘first on demand aviation cover’ for manned aircraft

Specialist insurer Tokio Marine Kiln (TMK) has launched an 'on demand' aviation insurance product for manned aircraft which it claims to be the first in the market.   6 September 2018

Insurance

Chubb estimates Q3 cat losses at $450m pre-tax

Chubb has estimated the net losses in the third quarter of 2018 attributable to natural catastrophes globally at $450 million pre-tax, or $372 million after tax.   10 October 2018

Insurance

AXIS appoints Michael Baumel to head claims succeeding David Hayward

AXIS Insurance, a business segment of Bermuda-based AXIS Capital Holdings, has appointed Michael Baumel as new chief claims officer, succeeding David Hayward who is retiring in March 2020.   17 September 2019

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