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Insurance
The California Department of Insurance has issued a notice to insurers asking them to agree to expedite wildfire claims handling and adopt a billing grace period. 13 December 2017
Insurance
Torus, the global specialty insurer, has appointed John Milne as accident & health underwriter. The appointment furthers Torus’ commitment to growing its accident & health business, which is underwritten through Lloyd’s Syndicate 1301. 19 December 2013
Insurance
Broker Willis Towers Watson has completed the acquisition of Russell Investments’ Australian actuarial practice. The transaction was first announced on February 16. 27 March 2017
Insurance
Apollo Syndicate Management, Apollo’s newly formed managing agency, has unveiled its leadership. 25 September 2015
Alternative Risk Transfer
A continued glut of capacity dampened rate increases in the recent June 1 renewals for Florida property-cat business. While rates did increase by 1.2 percent, the first rise in seven years, pricing remains 40 percent down on 2012, according to a new report by JLT Re. 4 June 2018
Insurance
Nirvana Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies MGA (managing general agent) formation platform to target media, technology and cyber liability risks. 21 April 2017
Insurance
The Hartford is looking to expand the Navigators’ business after the acquisition in order to increase its profitability above the firms’ historic levels, executives explained in an Aug. 22 conference call. 23 August 2018
Insurance
Specialist tech insurer InMyBag is targeting £500,000 through crowdfunding as it launches an offering to replace gadgets. 22 January 2018
Insurance
Broker Willis Towers Watson has expanded its insurance broking capabilities in India by acquiring a 49 percent stake in Almondz Insurance Brokers. 10 July 2017
Alternative Risk Transfer
The Cayman Islands Monetary Authority (CIMA) is streamlining applications for cat bond vehicles. 21 February 2017
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