Specialist insurer Tokio Marine Kiln (TMK) has bought the remaining 51 percent share in WNC Holdings that it does not already own.
McLarens, a global loss adjuster specialising in complex and commercial claims, has expanded its property loss adjusting division with an office in Perth, Australia while appointing Desmond Lee as executive loss adjuster.
The US cyber insurance premiums expanded 37 percent year on year to $1.84 billion in 2017, according to Aon’s US Cyber Market Update report.
Swiss Re Capital Markets has structured and placed the issuance of $350 million of insurance-linked securities by Frontline Re on behalf of Frontline Insurance.
ACORD, the global standards-setting body for the insurance industry, has released the industry’s ‘first standard’ for cyber data breach.
Reinsurance is used increasingly for earnings protection and volatility reduction by insurers whose purchasing is guided by “risk appetite statements” deployed to optimize capital management and profitability targets, according to a survey of insurers by Willis Towers Watson.
Many insurtech firms are very similar in their scope and function to managing general agents – and could benefit from being part of the Managing General Agents' Association (MGAA).
Re/insurer MS Amlin has hired senior Aon executive Brecht van Hoorebeke to develop and grow its war business across continental Europe.
Bermuda-based Horseshoe Group has appointed Jean-Bernard Crozet as senior vice president – advisory services and head of London office.
Property/casualty insurer Travelers Europe has launched a new standalone cyber insurance product for businesses in the UK and Ireland.