News

Insurance

US Congress extends NFIP till November

The US Congress has enacted a short-term extension to the National Flood Insurance Program (NFIP) through November, preventing the programme to lapse during peak hurricane season.   26 July 2018

Insurance

XL Catlin partners with US insurtech Slice for 'on-demand' cyber insurance

Re/insurer XL Catlin has partnered with US-based insurtech start-up Slice Labs, which offers cloud-based on-demand insurance for a new digital insurance solution.   26 July 2018

Insurance

Brit poaches Chubb to build new private clients offering

Specialty re/insurer Brit has hired a senior Chubb executive to establish a private clients offering at the company.   26 July 2018

Insurance

Q2 GWP dip at Lancashire but CEO bullish on outlook

Profits and gross written premiums dipped at Lancashire Holdings in the second quarter of 2018. But the company said it has taken advantage of rate increases and remained positive as its chief executive suggested more wind losses this year could begin to dampen appetites in the market, reducing capacity.   26 July 2018

Insurance

Gallagher hires Marsh duo to expand trade credit & surety practice

Broker Gallagher has bolstered its Manchester-based team with two experienced specialists from Marsh to build out its footprint in the north of the UK.   26 July 2018

Insurance

Beazley forms new consortium at Lloyd’s to up capacity for wage & hour risks

Specialist insurer Beazley has launched a new consortium at Lloyd’s of London to provide increased capacity for US wage & hour risks.   26 July 2018

Insurance

Allianz swoops for AIG talent as AGCS financial lines head

Allianz Global Corporate & Specialty (AGCS) has appointed Stefania Davì-Greer as head of financial lines for its regional unit London (RUL).   25 July 2018

Insurance

Enstar, PE firm acquire stakes in AmTrust

Bermuda-based insurance group Enstar and private equity firm Madison Dearborn Partners (MDP) are taking a stake in AmTrust Financial Services.   25 July 2018

Insurance

London market needs to identify hidden AI exposure

Dawning awareness of the scale and severity of financial risks posed by artificial intelligence (AI) means that, in the next few years, London market underwriters will need to review their policies in a search for hidden AI exposure, according to law firm Clyde & Co.   24 July 2018

Insurance

Chubb, ACE European units convert to Societas Europaea in Brexit move

Chubb European Group and ACE Europe Life have converted to Societas Europaea (SE) in the company's Brexit preparations to redomicile its businesses to France.   24 July 2018

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