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Insurance
XL Catlin has started trading on the London Market’s electronic placement platform PPL, becoming the first insurer to bind a political risk policy. 23 April 2018
Insurance
Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has promoted Weald Risk Partners from a division within the Castel Specialty portfolio to a standalone underwriting cell. 23 April 2018
Insurance
Global consulting firm Mercer has entered into a strategic alliance with US-based insurance firm Transamerica whereby Transamerica will acquire Mercer’s US defined contribution (DC) administration book of business. Transamerica will also become Mercer’s preferred DC record keeping provider. 28 September 2015
Insurance
The Hartford, a US-based property/casualty insurance firm, has appointed Morris Tooker as the head of its middle market segment that offers multiline commercial insurance coverages for midsize and larger businesses. 31 March 2017
Insurance
The Insurance Council of Australia (ICA) said that Tropical Cyclone Debbie triggered 7,500 claims and that insurance losses could reach into the hundreds of millions of dollars as householders and businesses return to their properties and lodge claims. 31 March 2017
Insurance
Adam Szakmary, the former CEO and portfolio manager at Blue Capital Management, has joined Hiscox Insurance Company Bermuda as director of underwriting. He replaces Damien Smith, who is returning to London after six years in Bermuda to become the head of specialty for Hiscox Re. 3 May 2017
Insurance
Re/insurer QBE North America, part of QBE Insurance Group, has appointed Marcia Blanco as senior vice president, Western region specialty underwriting and engagement leader. 3 May 2017
News
Gross written premiums grew steadily at Greenlight Capital Re in the first quarter as its CEO said he was pleased with the January renewals. But the company’s profits plummeted largely as a result of higher expenses. 3 May 2017
Insurance
Ratings agency AM Best has removed Ironshore Insurance and its subsidiaries from “under review with developing implications” following its acquisition by Liberty Mutual Holding Company’s (LMHC). 2 May 2017
Insurance
The chairman of the International Union of Marine Insurance (IUMI) offshore energy committee, James McDonald warned that the sector was "sinking". 19 September 2017
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