News

Insurance

Texas hailstorm losses estimated at $1bn

The hailstorm that spread across part of Texas on June 6 - with baseball sized hail reported in Dallas, Tarrant, and Denton counties - is estimated to result in insured losses close to $1 billion, according to Karen Clark & Company (KCC).   12 June 2018

Insurance

XL Catlin adds cyber to UK casualty offering

Re/insurer XL Catlin has extended its casualty insurance offering to include a cyber solution in the UK.   12 June 2018

News

Pockets of optimism in Greece

The Greek economy has been in recession since 2010 and has the lowest level of insurance penetration in the EU. Nevertheless, there are pockets of growth and optimism, says Gerry Tighe, head of treaty at reinsurance broker MATRIX.   12 June 2018

Insurance

Chubb appoints new European leader

Property/casualty insurer Chubb has appointed David Furby to lead its European region following the retirement of Andrew Kendrick.   12 June 2018

Insurance

AmTrust appoints new group chief underwriting officer

AmTrust Financial Services has appointed Daniel Hickey to the role of group chief underwriting officer. Based at AmTrust’s New York City headquarters, Hickey will report directly to chairman and CEO Barry Zyskind.   12 June 2018

Insurance

Argo Group eyes $1tr construction market with new standalone unit

Specialty re/insurer Argo Group International Holdings is establishing a standalone underwriting business to pursue the growing construction sector. Jim Cornwell, senior vice president, will lead the new operation.   12 June 2018

Insurance

AmWINS MGA Unicorn launches SME division under LV= hires

US-based global broker AmWINS Group has launched a small and medium-sized enterprise (SME) division within its London-based managing general agent Unicorn Underwriting.   12 June 2018

Insurance

London MGA EPUL launches alternative to Pool Re terror cover

London-based commercial property MGA, European Property Underwriting (EPUL), has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an alternative to Pool Re.   11 June 2018

Insurance

RTG's Limehouse buys Dublin-based marine agency Corporate Underwriting

Managing general agency (MGA) Limehouse Agencies, part of Risk Transfer Group (RTG), has acquired a Dublin-based specialist marine underwriting agency and Lloyd’s coverholder Corporate Underwriting (CUL).   11 June 2018

Insurance

Airmic survey claims cyber risks now a top concern

Cyber and IT-related risks have emerged as the top concerns for members, according to the latest Airmic survey. It is also the area where risk managers most want to see the insurance industry extend its offering.   11 June 2018

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