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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
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
The number of M&A insurance claims is increasing and large transactions are proving to be riskier with the average pay-out topping $20 million, according to a study of representation and warranty (R&W) claims by American International Group (AIG). 20 April 2017
Insurance
Specialist insurer Hiscox USA has announced two senior executive appointments to its professional risks division, based in the New York office. 13 July 2017
Insurance
Cunningham Lindsey has appointed Sarah Civil to the role of corporate risks and specialist practice groups director. Civil will join the global loss adjusting and claims management firm on 1 September. 13 July 2017
Insurance
The insured property losses caused by extra-tropical cyclone Egon have reached €275 million, reveals a revised estimate by PERILS, the Zurich-based catastrophe insurance data provider. 13 July 2017
Insurance
Third party capital can help reinsurers lower the cost of capital and therefore coverage and this should be seen as an attractive business opportunity, according to AXIS Capital CEO Albert Benchimol. 16 February 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
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