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Hurricane Maria is set to hit the same Caribbean/Puerto Rican insurers which have already been impacted by Hurricane Irma, AM Best said in a Sept. 19 report. 20 September 2017
Insurance
Maurice “Hank” Greenberg, former CEO of American International Group (AIG) may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state appeals court ruled, Reuters reported on Sept. 14. 15 September 2017
Insurance
Insurance, claims and regulatory service provider Davies Group said on Sept. 15 that it is acquiring specialist insurance and professional services provider Ambant. 15 September 2017
Insurance
Global reinsurers will incur notable losses from Hurricane Irma, but the storm will have only a limited impact on the sector’s capital, ratings agency AM Best said in a Sept. 14 report. 15 September 2017
Insurance
New companies have formed in recent years to take property/casualty risk in Florida from state-formed Citizens in a soft market and Hurricane Irma will be the first test for them, said ratings agency AM Best in a Sept. 14 report. 15 September 2017
Insurance
Bermuda-based insurer Sirius said on Sept. 14 that it entered into a definitive agreement to purchase of 4.9 percent of Israel’s The Phoenix Holdings from Delek Group for NIS 208 million ($59.04 million) in cash. 15 September 2017
Insurance
Crop Pro Insurance, a new managing general agent (MGA) specialising in crop insurance, has expanded its leadership team with the addition of Brian Donaghy as its director of data science. 15 September 2017
Insurance
London-based managing general agent (MGA) Pen Underwriting has appointed Tom Downey as chief underwriting officer. 15 September 2017
Insurance
Zurich-based Swiss Life is facing investigations by the US Department of Justice (DoJ) over its potential role in helping US citizens to avoid paying taxes. 14 September 2017
Insurance
Jeremy Brazil, who has overseen Markel International’s underwriting for nearly ten years, is stepping down from his executive role at the end of the year. 14 September 2017
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