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Insurance
Venture capital firm BP Marsh & Partners has acquired 20 percent equity stake in London-based EC3 Brokers Limited for a total cash consideration of £5 million, in a mixture of preferred and ordinary shares. 18 December 2017
News
Broker-dealer BMS Capital Advisory has appointed Steve Korducki as general securities representative. 31 March 2015
Insurance
The UK insurance industry has expressed its concern over the Lord Chancellor’s decision to change the Ogden discount rate to -0.75 percent from 2.5 percent. 27 February 2017
Insurance
ANV Underwriters, the managing general underwriter (MGU) segment of insurer ANV, has appointed Florian Tischer into its mergers and acquisitions (M&A) insurance team. 8 October 2015
Insurance
The Florida Office of Insurance Regulation (Office), Florida Department of Financial Services (DFS), and the Florida Office of the Attorney General (AG) have signed a national life claims settlement concerning the one-sided use of the Social Security Administration’s Death Master File (DMF) to stop paying a deceased person’s annuity. 5 August 2016
Insurance
Economic losses from the wildfires impacting Sonoma, Napa, Solano, Lake, and Mendocino counties are estimated at between $6 billion and $8 billion, according to catastrophe risk modelling firm RMS. 30 October 2017
Insurance
UK-based Specialist consolidator Phoenix Group has appointed a new executive management team that will manage the enlarged business upon completion of the Standard Life Assurance acquisition, which is expected in Q3 2018. 26 June 2018
Insurance
The global reach of Lloyd’s combined with the nimble nature of its carriers means the market has the potential to lead from the front when it comes to gaining advantage from new technologies, a new report has suggested. 21 September 2018
Insurance
Hurricane Florence will likely be an earnings event for the private insurance industry but the National Flood Insurance Program (NFIP) could be hit with heavy losses, potentially resulting in claims for its reinsurers for the second year in a row and its first cat bond being triggered, according to Fitch Ratings. 21 September 2018
Insurance
Citizens Property Insurance Corporation, a Florida-based windstorm coverage and general property insurance firm, has informed customers that there are some “important policy contract changes” coming up for Citizens multi-peril residential policyholders starting July 1. 1 June 2016
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