News
Insurance
The magnitude 7.1 earthquake that struck near Mexico City on Sept. 19 afternoon has caused major damage, according to a Sept. 20 AM Best report. 21 September 2017
Insurance
The group confirms plans to increase its lines to include political violence and terrorism, liability, construction, and parametric covers. 15 February 2021
Insurance
The re/insurance industry is uniquely placed to address risks associated with climate change, having been assessing these types of risks for decades. However, the message delivered at the Winds of Change panel discussion the Singapore International Reinsurance Conference yesterday was a stark one: climate change is not so much a business opportunity as a threat to civilisation, and re/insurance companies that still cover the coal industry need to rapidly reassess their position. 30 October 2019
Insurance
Asia offers great growth opportunities for insurers but Hong Kong as a re/insurance hub has been losing market share lately to other jurisdictions, particularly to Singapore. The former British colony will no longer be complacent and is implementing an action plan. 17 August 2017
Insurance
Ascent Underwriting, the managing general agent (MGA) specialising in emerging and professional risks, has strengthened its cyber product with the addition of social engineering fraud coverage to its crime module. 29 July 2015
Insurance
Property/casualty insurer Accredited Surety and Casualty Company (ASC), a subsidiary of Randall & Quilter (R&Q), has stricken an agreement with Forestry Insurance Company for its commercial auto liability business in South Carolina and Georgia. 1 November 2017
Insurance
After consolidating and streamlining the business on the back of the merger of Willis Group Holdings and Towers Watson, Willis Towers Watson is again getting ready for merger & acquisitions (M&As), CEO John Haley said during the first quarter results conference. 9 May 2018
Insurance
US-based property/casualty insurer The Hartford has entered into a renewal rights agreement with the Farmers Exchanges to acquire its Foremost-branded small commercial business sold through independent agents. 20 February 2018
Insurance
Arch Insurance Europe has acquired Melbourne-based managing general agency Resource Underwriting Pacific (RUP). 11 November 2014
Insurance
UK-based Folgate Insurance Company has received approval from the Prudential Regulation Authority (PRA) to once again start writing primary insurance and reinsurance business. 27 June 2018
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