News

Insurance

Norway's Norsk Hydro cyber attack losses estimated at $40m; AIG named as lead insurer

Norwegian aluminium and renewable energy company Norsk Hydro, which suffered a severe ransomware attack last week, has estimated that total losses from the incident have already reached 300-350 Norwegian crowns (nearly $40 million).   27 March 2019

Insurance

Nexus acquires specialist MGA

Specialty managing general agent (MGA), Nexus Underwriting, has acquired specialist MGA and Lloyd’s service provider EBA Insurance Services.   11 August 2015

Insurance

Argo unveils Bermuda, international casualty leadership changes

Bermuda specialty re/insurer Argo Group International Holdings has appointed Bill Wharton to head Argo Insurance Bermuda, and Nigel Mortimer to lead its international casualty business.   9 January 2019

Insurance

Reinsurers plunge into India seeking growth

As India opens its market to international reinsurers, major foreign players are applying for licences to take advantage of the country’s strong growth potential. But they will encounter a fairly soft market with prices likely to depreciate further due to the additional inflow of capacity, and a paramount state-run competitor, experts believe.   13 October 2016

News

Greek broker enters Lloyd’s

Athens-based independent broker Matrix has continued to chip away at global domination, successfully becoming a Lloyd’s broker last year. Intelligent Insurer speaks to Gerry Tighe, head of treaty at the firm, about how the company has secured itself as the leading reinsurance broker in Greece and Cyprus.   9 September 2013

Insurance

Castel bolsters specialty portfolio with marine broker Seacurus

Castel Specialty, a division of club-style MGA formation platform Castel Underwriting Agencies, has added specialist marine coverages to its portfolio with the addition of Seacurus.   1 February 2019

Insurance

Shareholders to choose pathway as Argo-Voce arm wrestle continues

Voce pushes for special general meeting; Argo moves 2020 AGM forward.   13 December 2019

Insurance

Hudson Structured and Nephila back $2m funding for AI insurtech start-up Tensorflight

Tensorflight, an artificial intelligence insurtech start-up that uses machine learning and geospatial imagery to help P&C insurers better assess risks and understand portfolio exposures, has closed a $2 million financing round led by insurance industry investors HSCM Bermuda and Nephila.   24 June 2019

Insurance

TigerRisk appoints ex-Aon exec to London retro role

Reinsurance broking and risk/capital management firm TigerRisk Partners has appointed Jonathan Hughes as partner from re/insurance broker Aon.   18 October 2018

Insurance

RFIB introduces transaction solutions business; names head

RFIB Group, a Lloyd’s re/insurance broker, has appointed James Wilson to head up its newly formed transaction solutions business, effective immediately.   10 August 2016

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