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ICAT, an underwriter at Lloyd’s, has provided an additional $10 million of per-risk capacity to catastrophe-exposed commercial properties in the US by partnering with Neon, expanding ICAT’s per-risk catastrophe capacity up to $150 million. 26 July 2016
Insurance
Demand for business interruption cover from the manufacturing industry is likely to replace privacy-related issues as the main motivation to buy cyber coverage in the US, boosting growth of the segment and helping it to mature in Europe and Asia. Intelligent Insurer reports. 25 July 2016
Insurance
Brit, a speciality re/insurer, has made a strategic investment in Camargue Underwriting Managers, a provider of specialised insurance products across the South African market. 25 July 2016
Insurance
Insureon, an online agent for small-business insurance, has formed a managing general agent (MGA), Insureon Underwriting Managers, to operate under the company’s wholesale brokerage subsidiary, Insurance Noodle. 22 July 2016
Insurance
Cathedral Underwriting, a Lloyd’s managing agent, has contracted insurance software provider VIPR for its bordereaux management system, Intrali. 22 July 2016
Insurance
Rating agency AM Best has adjusted the financial strength rating of Lloyd’s from positive to stable on the back of what it described as pressure on Lloyd’s competitive position and prospective financial performance in an increasingly difficult operating environment. 21 July 2016
Insurance
London’s insurance market was born from innovation. But in a fast-moving world is it doing enough to stave off complacency? Intelligent Insurer reports. 20 July 2016
Alternative Risk Transfer
Alice Vaidyan crashed through several glass ceilings when she became the first woman to run an Indian state-owned insurer or reinsurer earlier this year. Having dusted herself off, she dispels the idea that women are not treated fairly in India and explains to Intelligent Insurer her plans to make GIC Re a top 10 global player. 20 July 2016
Insurance
Qatar Insurance Company (QIC), the largest insurer in the MENA region, enjoyed robust growth in the second quarter of 2016 and a small increase in profits despite a number of headwinds it identified. 20 July 2016
Insurance
Castel Underwriting Agencies (Castel), a managing general agent (MGA) formation platform, has appointed Mark Sambridge as binding authority manager. 20 July 2016
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