An explosion at Eastman Chemical Company's Kingsport, Tennessee site in October has led to a loss notification in the region of $225mn on an FM Global-led insurance cover, The Insurance Insider understands.
InsurTech may only be in its "first inning" - as one speaker put it at the InsiderTech conference in New York this week - but already some are suggesting the nascent market is reaching an inflection point.
CNA has purchased a new quota share cover to support growth of its financial institutions (FI) and management liability portfolio that carries a ceding commission of just 28 percent, The Insurance Insider can reveal.
The bulk of Ironshore’s representations and warranties M&A team for the Americas has quit the Liberty Mutual-owned insurer to join Ascot’s MGA start-up Ethos, The Insurance Insider can reveal.
At first glance, the surprise addition of Tom Bolt to Brian Duperreault's emerging AIG dream team looks like a logical step towards transforming the fortunes of the ailing insurance giant
This year’s cat losses have put pressure on (re)insurer margins and that could build momentum for using technology to squeeze out operational inefficiencies, according to Nephila managing partner Barney Schauble.
