News

Insurance

Universal expands reinsurance tower to $3bn

Universal Property & Casualty Insurance Company (UPCIC) has expanded the top of its reinsurance tower for a single Florida event by $350 million to $3.00 billion as part of Universal Insurance Holdings’ 2018-2019 reinsurance programmes, effective June 1, 2018.   31 May 2018

Insurance

Hurricane Lane hits Hawaii

Hawaii has been hit with strong winds and torrential rain as Hurricane Lane approaches the US state, causing flash flooding and landslides, according to an Aug. 24 BBC News report.   24 August 2018

Insurance

AIG merges Japanese divisions

American International Group (AIG) owned Japanese general insurance companies AIU and Fuji Fire and Marine have set their merger completion date to January 1, 2018 to form a new company that will start operating on a consolidated basis from April 1.   14 February 2017

Insurance

XL Catlin names Coface hire as new country manager for Germany

XL Catlin’s insurance operation has appointed of Thomas Götting as country manager for Germany.   20 November 2017

Insurance

Epsilon appoints head of new accident and health division from Beazley

Australia-based cover holder Epsilon Underwriting Agency is forming a new accident and health division under the leadership of Tim Curling.   20 November 2017

Insurance

China’s regulator introduces offshore deposit system for reinsurers

The China Insurance Regulatory Commission (CIRC) has introduced system that will require foreign reinsurers to deposit funds with unaffiliated domestic commercial banks in a move that it said will mitigate the credit risk arising from foreign carriers operating in the country.   14 March 2017

Insurance

US Senate to debate National Flood Insurance Program

The US Senate Banking, Housing and Urban Affairs Committee will today (Tuesday March 14) hold a hearing designed to examine how the National Flood Insurance Program (NFIP) can be reformed.   14 March 2017

Insurance

Neon hires Talbot and Brit underwriters for marine expansion

Specialist Lloyd's insurer Neon has appointed Brian James as class underwriter for cargo, and Richard Mander as class underwriter for marine liability.   27 September 2017

Insurance

Beazley names engineering portfolio leader in US

Specialist insurer Beazley has appointed Santiago Jaramillo as engineering focus group leader for the US and Latin America, based in Miami.   3 August 2017

Insurance

Crawford & Company adds M&A specialist to board of directors

Atlanta-based Crawford & Company, a provider of claims management solutions, has appointed Rahul Patel as an independent director of the firm.   3 August 2017

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