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Insurance

Maiden faces class action lawsuit over AmTrust reinsurance deal

Bermuda reinsurer Maiden Holdings is faced with battling a class action lawsuit, which alleges that the company and some of its former officers misled investors over the nature of underwriting and risk management controls relating to reinsurance agreements with AmTrust.   12 February 2019

Insurance

New data + new risks = new ILS deals

New technology and the way data and analytics are advancing has the potential to transform the insurance-linked securities space, says Munish Singla, global head of Escrow Solutions at Deutsche Bank.   11 September 2017

Insurance

Allstate, State Farm, USAA sue PG&E over California wildfire

US insurers Allstate, State Farm and USAA have launched lawsuits that could be worth billions against Pacific Gas & Electric (PG&E) alleging it is liable for the Camp Fire, California’s most destructive and costly wildfire to date.   7 January 2019

Insurance

AFL taps UIB senior brokers Ritson and Draper to lead property and energy expansion

Independent Lloyd’s broker AFL Insurance Brokers has hired experienced brokers Mark Ritson and Peter Draper as directors of international property and energy.   19 July 2019

Insurance

AXA experiments with blockchain payment protection in Sweden

AXA Partners has started a blockchain payment protection experiment to support people who are involuntary unemployed in Sweden.   19 March 2019

Insurance

XL Catlin unveils promotions in global environmental team

XL Catlin’s insurance operation has made number of promotions across Europe in its international environmental team.   15 March 2018

Insurance

BMS Innovation Labs launched as broker targets innovation

Broker BMS Group has unveiled a new platform and strategy designed to help its clients innovate.   15 March 2018

Insurance

Sedgwick names Wayne Cheng as chief operations officer for Asia

Technology-driven risk solutions provider Sedgwick has named Wayne Cheng its new chief operations officer (COO) for Asia.   17 June 2019

Insurance

Continued pressure on rates a top concern for delegates at SIRC 2019, Intelligent Insurer survey finds

Continued pressure on rates despite recent losses is the biggest concern for delegates at SIRC this year, according to a survey carried out by Intelligent Insurer. Some 41 percent of respondents highlighted this as a key challenge.   30 October 2019

Insurance

Holborn swoops for Gen Re veteran as chief production officer

US-based reinsurance broker Holborn Corporation has hired a Gen Re executive with more than 30 years of industry expertise to enhance its existing client relationships across its three offices in New York City, Minneapolis and Kansas City.   14 February 2019

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