Articles

Insurance

First standard for cyber data breach released

ACORD, the global standards-setting body for the insurance industry, has released the industry’s ‘first standard’ for cyber data breach.   9 July 2018

Insurance

Covéa CEO resigns from SCOR board

Covéa chairman and CEO Thierry Derez has resigned from SCOR’s board of directors after SCOR CEO Denis Kessler had asked him to step down.   14 November 2018

Insurance

AmTrust sells management policy system for $200m

Property/casualty insurer AmTrust said on Sept. 14 that it sold a personal lines policy management system to National General for $200 million.   14 September 2017

Insurance

McLarens appoints global marine head

Global loss adjuster McLarens has promoted John Cupitt as head of its global marine division.   19 July 2017

Insurance

Alleghany sells workers’ compensation unit for $150m

Alleghany Corporation said on Sept. 13 that its subsidiary Alleghany Insurance Holdings is selling Pacific Compensation Insurance Company (PacificComp) to CopperPoint Mutual Insurance Company for $150 million of total cash consideration.   13 September 2017

Insurance

Advent Claims partners with Principia Underwriting

Advent Claims, the insurtech-led claims third party administrator (TPA) signed an agreement to administer all claims for Aquila Underwriting-backed managing general agent (MGA) Principia Underwriting.   6 November 2017

Insurance

Pioneer appoints head of catastrophe risk in London

Pioneer Underwriters, the underwriting group within Minova Insurance, has appointed Anand Hari as head of catastrophe risk and exposure management.   18 July 2017

Insurance

Chinese insurers likely to ignore investment advice from regulator CBIRC: Fitch

Chinese insurers are unlikely to dramatically alter their investment strategies or modify their asset allocations despite recent encouragement from the China Banking and Insurance Regulatory Commission (CBIRC) to invest their long-term funds in high-quality listed stocks and bonds, long-term equity investments, and securities brokerage firms' asset management plans and trust products, according to Fitch Ratings.   30 January 2019

Insurance

Everest Insurance NA taps Chubb exec as deputy chief underwriting officer

Everest Re Group has appointed Mike Harnett as vice president, deputy chief underwriting officer for Everest Insurance North America.   9 October 2017

Insurance

JLT joins London Market electronic placing platform

Broker JLT has joined the London Market’s electronic placing platform Placing Platform Limited, according to an Oct. 30 statement.   1 November 2017

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