News

Insurance

Icahn intervenes in AmTrust going-private plan

Billionaire investor Carl Icahn disclosed a 9.38 percent stake in insurer AmTrust Financial Services and said in a letter to the insurer’s board that he strongly opposed the going-private deal.   18 May 2018

Insurance

Cincinnati insurance chief to step down; prompts leadership reshuffle

Jacob Scherer, Jr., chief insurance officer and executive vice president of property/casualty insurance group The Cincinnati Insurance Company, is to retire in August 2019.   21 August 2018

Alternative Risk Transfer

Neon raises third party capital to support first UK ILS vehicle

Specialist Lloyd's insurer Neon has unveiled the first insurance-linked securities (ILS) vehicle to be formed in the UK and completed a $72 million collateralised quota share reinsurance transaction that will underwrite a portion of its syndicate’s business.   3 January 2018

Insurance

McLarens promotes to boost growth in the Americas

Global loss adjusting firm McLarens has promoted Susan Froman to senior vice president, business development – The Americas.   25 January 2018

Insurance

Assurant expands product offering to include commercial property

Risk management service provider Assurant has expanded its SureDeposit product, an alternative to security deposits, to commercial property owners, management companies and their tenants.   16 March 2018

Insurance

MS Amlin partners with AI insurtech Cytora to boost underwriting

Specialty re/insurer MS Amlin has partnered with London-based insurtech start-up Cytora to deploy artificial intelligence (AI) into the commercial underwriting processes.   20 June 2018

Insurance

Investments make Greenlight Re swing to Q1 loss

Hedge fund-backed Greenlight Capital Re reported a loss for the first quarter of 2018 driven by investments.   1 May 2018

Insurance

CNA appoints new chief risk officer following departure

Commercial insurance provider CNA has appointed Al Miralles to replace Mark Verheyen as its new chief risk officer (CRO).   16 November 2017

Insurance

Lloyd’s pays out $738m in Q3 nat cat claims

Lloyd’s has paid close to three quarters of a billion dollars ($738 million) in claims so far for Hurricanes Harvey, Irma and Maria, said Jon Hancock, performance management director at Lloyd’s.   16 October 2017

Insurance

Gallagher hires Marsh duo to expand trade credit & surety practice

Broker Gallagher has bolstered its Manchester-based team with two experienced specialists from Marsh to build out its footprint in the north of the UK.   26 July 2018

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