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Insurance
Data provider CoreLogic said on Aug. 24 that Hurricane Harvey could, based on a Category 3 prediction, put at risk of hurricane-driven storm surge damage 232,721 homes along the Texas coast with a reconstruction cost value of approximately $39.6 billion. 25 August 2017
Insurance
Specialist insurer Beazley said on Aug. 24 that it has launched a new excess policy for the US market that significantly expands the protection available to firms that fall victim of scams. 25 August 2017
Insurance
Ratings agency AM Best said on Aug. 24 that it revised the outlook to negative from positive for the Long-Term Issuer Credit Rating (Long-Term ICR) of Emirates Retakaful (ERL) following a $36 million write-off from gross written contributions for 2016. 24 August 2017
News
Reinsurance broker JLT Re has promoted Nick Dranchak to head of strategic advisory for the Americas. 24 August 2017
Insurance
Fairfax Financial and Mitsui Sumitomo Insurance Company have unveiled a global strategic alliance that revolves around the latter buying the majority of Singapore-based First Capital Insurance from Fairfax but which also has wider implications for the way the two companies manage their reinsurance buying. 24 August 2017
Insurance
Brown & Riding, the US-based wholesaler and specialty insurance broker, has appointed a new chief operating officer. 23 August 2017
News
Speciality insurance provider NexAssure Group said Aug. 23 that it is set to open a specialist managing general agent, NexAssure Agency (UK) in London. 23 August 2017
Insurance
Talbot Underwriting, a subsidiary of Validus Holdings, has hired an experienced lawyer as a non-executive director of its board of directors. 22 August 2017
Insurance
Willis Towers Watson has hired a senior executive from Marsh USA into the role of corporate risk and broking market leader for its Metro DC/Chesapeake market. 22 August 2017
Insurance
Ascot Group has formed a new standalone managing general agent (MGA) and hired two senior executives from WKFC Underwriting Managers, part of Ryan Specialty, including its CEO to run it. 22 August 2017
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