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Insurance
Flood losses triggered by Hurricane Harvey, which struck Texas at the end of August, are likely to push up the debt of the US National Flood Insurance Program (NFIP) and affect its reauthorisation set for the end of September, Matt Reid, managing director of JBA Risk Management USA, told Monte Carlo Today. 10 September 2017
Insurance
The increased regulatory burden that has been imposed on insurers in recent years, exacerbated by Solvency II, has continued to prompt many smaller players to convert from being fully fledged insurers to become managing general agents (MGAs). 10 September 2017
Insurance
Tokio Marine Kiln (TMK), a provider of specialist and corporate insurance, has appointed Mike Crabtree as a product recall underwriter in its London office, and Tom Yarrow as a property underwriter in its Singapore office. 25 April 2016
Insurance
HCC Insurance Holdings has promoted Simon Button to chief underwriting officer for HCC International Insurance Company and Lloyd’s Syndicate 4141, reporting to Barry Cook. 13 June 2013
Insurance
US life insurer MetLife has announced a series of changes to its senior leadership ranks, effective from July. 16 June 2017
Insurance
Bermuda-based insurance group Enstar has finally launched a long-awaited total return reinsurer – thanks to a significant investment from Chinese investment company Hillhouse Capital Management, which bought a 9.9 percent stake in Enstar in September this year. 16 December 2016
Insurance
Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, has launched a new operational power underwriting capability. 24 February 2016
Insurance
Following the completion of its acquisition of Ironshore, property/casualty insurer Liberty Mutual has combined its existing Liberty International Underwriters (LIU) US business and Ironshore’s US specialty lines business under the Ironshore brand. 3 May 2017
Insurance
Executives should review their directors’ & officers’ (D&O) coverage and its triggers earlier if they suspect something is going wrong in a company and they know it’s just a matter of time before a regulator gets involved. 15 June 2017
Insurance
AM Best believes the Saudi insurance market has turned the corner following a period of underwriting volatility. 16 February 2017
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