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Insurance
Specialty insurer Newline Group, a unit of Odyssey Re, has launched a new business line focused on the UK and international affinity and special risks products. 28 June 2017
Insurance
Specialist insurer Beazley has expanded its team focused on US management liability risks with the appointment of underwriter Jason Lowney. 28 June 2017
Insurance
Mutual marine liability insurer North P&I Club has appointed Andrew Hearne as deputy director of underwriting, based in its head office in Newcastle upon Tyne. He will initially work with North’s European team. 28 June 2017
Insurance
Arch Insurance, a part of Bermuda-based Arch Capital Group, has expanded its travel business unit with the appointment of Cory Sobczyk and Dan Povondra as vice presidents of business development, and Lynn Barty as regional sales director. 28 June 2017
Insurance
Australian insurer IAG said on June 28 that a preliminary review of the financial year ending June 30, 2017, indicates reserve releases of at least 5 percent of net earned premium. 28 June 2017
Insurance
USI Insurance Services (USI) said on June 27 that it has entered into an agreement with Wells Fargo & Company to purchase Wells Fargo Insurance Services USA. 27 June 2017
article
Lloyd's CEO Inga Beale suggested in a Reuters interview that the plan to create a subsidiary in Brussels may be unravelled. 27 June 2017
Insurance
Existing EU insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd's CEO Inga Beale told Reuters in a June 26 interview. 27 June 2017
Alternative Risk Transfer
The UK’s economic secretary to the Treasury, Simon Barclay said that the regulation to introduce insurance linked securities (ILS) in the UK will be laid in Parliament before the summer recess and may be in force in autumn. 27 June 2017
Insurance
Suncorp subsidiary Vero Insurance has won the battle to acquire New Zealand-based general insurer Tower, beating Fairfax Financial's $144 million all-cash offer. 27 June 2017
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