News
Insurance
A class-action lawsuit seeking $12.5 billion, or $25 for each customer whose privacy may have been jeopardized, has been filed against Marriott after the hotel chain revealed a data breach affecting 500 million customers of its Starwood hotels, according to a Dec. 1, 2018 report by The Oregonian. 3 December 2018
Insurance
JLT Specialty USA, a US subsidiary of re/insurance provider Jardine Lloyd Thompson (JLT), has unveiled the addition of a marine specialty practice. 20 November 2015
Insurance
The Hartford, a US-based property/casualty insurer, has entered into an agreement to transfer $1.6 billion, or 29 percent of its $5.6 billion in US qualified pension plan liabilities, to Prudential Financial. 27 June 2017
Insurance
As part of AXIS Capital’s transformation initiative to strengthen its operating model, the firm expects to deliver an additional run-rate cost savings of $40 million over the previously announced $60 million related to the integration of Novae, the company said while presenting the first quarter 2018 results. 26 April 2018
Insurance
The specialist home underwriting agency Horizon Underwriters has appointed its new senior development underwriter, Ryan Piner. 5 July 2016
Insurance
It is targeting a top 10 reinsurance spot on a global basis but GIC Re understands that, especially in continental Europe, reinsurance is a long-term relationship-driven game. Lucky then that the Indian company is itself a long-haul player and will be patiently awaiting any opportunities, says Alice Vaidyan, chairman-cum-managing director of GIC Re. 23 October 2016
Insurance
Re/insurer XL Catlin has opened its first political risk, credit and bond (PRCB) insurance practice in Canada, and appointed Marvin Azzopardi as senior underwriter. 31 May 2017
News
It would be “crazy” to carry more risk on the balance sheet than is necessary at a time when reinsurance is so cheap, believes William Dewsall, chief executive of European non-life insurer Gable Insurance, who attends Monte Carlo to meet and negotiate with his company’s reinsurers and brokers. 17 September 2014
Insurance
JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has launched a new cyber insurance policy for the airline industry covering business interruption and data breach risks. 6 March 2018
Insurance
Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has revealed a new underwriting leadership structure. 6 September 2017
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