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Insurance
Twelve Capital Group has revealed that it was the lead investor in $45.5 million private debt transaction with Catalina General Insurance, a subsidiary of Catalina Holdings, Bermuda. 10 May 2017
Insurance
New York-based insurance holding company AmTrust Financial Services is looking to sell a majority in its MGA network and warranty administration operations, CEO Barry Zyskind suggested during the company’s first quarter results conference call. 9 May 2017
Insurance
New York-based specialty personal lines insurance provider National General Holdings reported a fall in profits in the first quarter of 2017 as the combined ratio of its property/casualty operations deteriorated. 8 May 2017
Insurance
JLT Specialty USA, a US subsidiary of Jardine Lloyd Thompson Group, has expanded its environmental team with the appointment of Grant Nichols as senior vice president, based in Philadelphia. 8 May 2017
Insurance
If all US businesses had cyber insurance, over $5 billion a year would be lost to the insurance industry from cyber data exfiltration alone, according to catastrophe risk modelling firm RMS. 8 May 2017
Insurance
Marsh & McLennan Agency, the middle market agency subsidiary of Marsh, acquired employee benefits consulting firm Insurance Partners of Texas. The move follows the recent acquisition of Texas-based iaCONSULTING. 8 May 2017
Insurance
Insurance broker NFP has acquired Arizona-based property/casualty (P&C) firm McCullough Insurance Agency to further expand its presence in the Southwest market. 8 May 2017
Insurance
Property/casualty insurer Chubb has enhanced its financial lines covers in the UK and Ireland. 8 May 2017
Insurance
Over half of UK based small and medium-sized enterprises (50.8 percent) say that their insurance broker has not raised the issue of cyber insurance with them, according to a survey by specialist lines underwriting agency CFC Underwriting. 8 May 2017
Insurance
Insurtech start-up Next has raised $29 million in a Series A funding round led by Munich Re, through its venture capital arm HSB Ventures, along with Markel, Nationwide, and other investors. 4 May 2017
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