News
Insurance
Hurricane Florence will likely be an earnings event for the private insurance industry but the National Flood Insurance Program (NFIP) could be hit with heavy losses, potentially resulting in claims for its reinsurers for the second year in a row and its first cat bond being triggered, according to Fitch Ratings. 21 September 2018
Insurance
Sergio Balbinot has extended his mandate as president of Insurance Europe for another year, at the unanimous request of members. 12 June 2014
News
Legal expenses and assistance provider ARAG has grown its before-the-event (BTE) business in 2017 but said that the turbulences in the after-the-event (ATE) market continue. 14 August 2018
Insurance
Spanish re/insurer Mapfre is investing €25 million in Alma Mundi Insurtech Fund that focusses on startups in the insurance sector. 21 November 2018
Insurance
Commercial lines insurers must embrace the same levels of automation prevalent in personal lines, particularly within the London Market if it is to compete with other platforms globally, Patrick Molineux, general manager of insurance at CSC, told Baden-Baden Today. 25 October 2016
Insurance
UK-based Specialist consolidator Phoenix Group has appointed a new executive management team that will manage the enlarged business upon completion of the Standard Life Assurance acquisition, which is expected in Q3 2018. 26 June 2018
Insurance
Investors expect the pace of the property/casualty insurance industry consolidation to accelerate, according to Morgan Stanley. 8 March 2018
Insurance
Verisk, a data analytics provider, has launched Black Box 3 (BB3), a new solution available in parts of Canada, Europe, Australasia, and Asia, that helps insurers underwrite risks posed by travellers with pre-existing medical conditions. 9 January 2019
Insurance
Insurance holding company Houston International Insurance Group (HIIG) has agreed to acquire Capital Risk Underwriters (CRU), a managing general underwriting agency (MGU) based in Florida. 1 October 2015
Insurance
Plum Underwriting, a managing general agent (MGA) which is part of Global Risk Partners, has acquired the business of high net worth (HNW) specialist MGA Synergy Insurance Services (Synergy). 29 February 2016
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