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Insurance
Towergate Insurance, an independent insurance intermediary in the UK, has said that it plans to restructure a number of central finance processing teams resulting in 133 employees being placed at risk of redundancy. 25 April 2017
Insurance
Re/insurer XL Catlin has expanded its mergers and acquisitions (M&A) insurance product suite while strengthening its global team with three key hires. 25 April 2017
Insurance
NMI Holdings said that its subsidiary National Mortgage Insurance Corporation is preparing for a capital markets-based reinsurance transaction with a newly-formed Bermuda special purpose insurer to purchase $211.3 million of excess of loss reinsurance protection. 25 April 2017
Alternative Risk Transfer
Organisations believe that their cyber assets are more valuable than plant, property and equipment (PP&E) assets despite spending four times more budget on insurance protecting the latter risks, according to the latest Aon/Ponemon report. 25 April 2017
Insurance
Specialist insurer Beazley has managed an increased number of data breaches on behalf of clients in the first quarter of 2017, driven by phishing techniques. 25 April 2017
Insurance
Commercial lines insurer WR Berkley Corporation has reported an underwriting loss for the first quarter of 2017 in its reinsurance operations. 25 April 2017
News
Bermuda-based Everest Re Group has reported a jump in premium and profitability in the first quarter of 2017. 25 April 2017
Insurance
Pen Underwriting has appointed Jason Wilson as regional director for London and the South East, and head of small and medium-sized enterprises (SME) in its commercial division. 25 April 2017
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kerry McKay to the newly-created role of head of distribution and client management for Continental Europe. 25 April 2017
Insurance
The insurance sector is at risk of being further marginalised by investors as performance reporting has become more complicated as a result of Solvency II, according to a joint report by Willis Towers Watson and Autonomous Research. 25 April 2017
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