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Insurance
New York-headquartered Assurant is adding three members to its management committee to “accelerate decision-making across all of the company’s most critical businesses and to support its global growth strategy,” according to a corporate statement. 13 November 2018
Insurance
The New Zealand government is set to increase the cap limit on residential building earthquake cover (EQC) to $150,000 from previously $100,000. 20 March 2018
Insurance
Investors fear that a major hurricane hitting Miami area could lead to around $100 billion or higher industry losses, analysts wrote in a Sept. 6 Morgan Stanley research note. 7 September 2017
Insurance
Markel International is set to acquire UK-based specialist insurer for the contracting sector EC Insurance (ECIC). 7 September 2017
Insurance
ERS, the specialist motor insurer and Lloyd’s managing general agent (MGA) has reported a dip in its 2015 profits – down to £6 million, compared with £8.3 million in 2014. 19 February 2016
Insurance
Bermuda-based Aspen expects to record an underwriting loss of approximately $245 million in the fourth quarter of 2017, according to a Jan. 25 press release. 26 January 2018
Insurance
Genworth Financial and China Oceanwide Holdings have agreed to terminate their previously announced merger agreement and extended the previous deadline of November 30 to April 1, 2018, allowing for additional time for regulatory reviews of the transaction. 30 November 2017
Insurance
Allianz Insurance has appointed Dave Gill to the role of head of operations. 30 November 2017
Insurance
Jardine Lloyd Thompson (JLT) has appointed Jim Pierce as chairman of its new US specialty business, JLT Specialty Insurance Services. 11 September 2014
Alternative Risk Transfer
Three experienced ILS executives including one of the founders of Hiscox-owned Kiskadee Investment Managers and a former managing director of RenRe-owned DaVinci Reinsurance have formed a new hedge fund-backed ILS venture, according to a May 16 Reuters report. 17 May 2018
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