News
Insurance
Asia Capital Reinsurance Group (Asia Capital Re), a wholly owned subsidiary of ACR Capital Holdings, has bolstered its underwriting and management team while filling certain leadership positions for its treaty, facultative and specialty business. 30 October 2018
Insurance
Large-scale group litigation resulting from mass data breaches is just one of a number of growing legal risks for the insurance sector in 2019, according to law firm RPC in its 2019 Annual Insurance Review. 25 January 2019
Insurance
The Latin American market offers opportunities for specialist insurers like Beazley, which are able to bring new and innovative products to the local markets. That is the view of Ricardo Ortega, head of broker relations for Beazley in Latin America. 28 October 2015
Insurance
A hypothetical magnitude 7.0 earthquake epicentered in Oakland would damage more than a million homes and less than 10 percent of total residential losses would be insured because of a low residential earthquake insurance take-up in the Bay Area, according to a scenario developed by the US Geological Survey (USGS). 19 April 2018
Insurance
Castel Underwriting Agencies (Castel), a managing general agent (MGA) formation platform, has appointed Mark Sambridge as binding authority manager. 20 July 2016
Insurance
Bermuda-based Arch Capital Group said that Kewsong Lee has resigned from its board of directors because of the expansion of his duties at Carlyle Group following his recent promotion to co-CEO effective January 1, 2018. 3 November 2017
Insurance
Allianz has sold a 33 percent stake in its China unit to Chinese online retailer JD.com, according to a Reuters April 16 report. 17 April 2018
Insurance
Tom Rutter, chief executive officer of Sunderland Marine, is to retire on June 30 after nearly four decades with the company. 17 April 2018
Insurance
New York-based Mutual insurer of US municipal bonds Build America Mutual (BAM) is expanding its claims-paying resources by $100 million through a collateralized reinsurance agreement with Fidus Re, a special-purpose insurer created solely to provide collateralized reinsurance protection to BAM. 17 April 2018
Insurance
JLT Specialty USA, a US subsidiary of JLT, has appointed Tom Delaney as senior vice president (SVP). 8 June 2016
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