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Insurance
Brit, the global specialty insurer, will act as lead partner for Ambridge Partners as it increases capacity to $175 million in its transactional liability facility. 16 February 2016
Insurance
The remaining US sanctions on Iran are negatively impacting the risk appetite for Iran-related business, according to 85 percent of London market insurance professionals. 15 February 2016
Insurance
The use of internal models for calculating the regulatory solvency capital requirement ensures sound risk management and increases the transparency of re/insurers’ risk profiles, according to a new report by the Reinsurance Advisory Board (RAB) of Insurance Europe, the European insurance and reinsurance federation. 15 February 2016
Insurance
Brit, the global specialty insurer, has launched ‘Pay or Explain’, which it claims is first product to be able to offer a definitive timescale to respond to an insurance claim. 11 February 2016
Insurance
Global specialty re/insurer Sompo Canopius has entered into a licence agreement with SSBN, which will provide it with flood models and hazard maps for the US. 10 February 2016
Insurance
Brit is opening an office in Singapore after the global specialty insurer gained approval to begin underwriting from both Lloyd’s and the Monetary Authority of Singapore (MAS). 10 February 2016
Insurance
Some of the industry’s biggest players have agreed to back Lemonade, the world’s first peer-to-peer (P2P) insurance company, which has already attracted a number of well-known former re/insurance executives to its executive team. 9 February 2016
Insurance
Argo Group has reported a dip in its profits for 2015 to $163.2 million, compared with $183.2 million in 2014. 9 February 2016
Insurance
The London Market Target Operating Model (TOM) Steering Board has agreed to prioritise three key initiatives during 2016 after meeting for the first time. 9 February 2016
Insurance
Cunningham Lindsey, the global loss adjusting, claims, management and risk solutions firm, has launched MGA Guardian, a range of services for managing general agencies (MGAs) supported by Ambant Underwriting Services (AUS). 9 February 2016
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