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The end is in sight. After six weeks of back-to-back-to-back-to-back conferences, there is a light at the end of the tunnel.
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The InsurTech, formerly named Verifly, sells short-term liability insurance for freelancers and small businesses.
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The class action comes amid concerns over an uptick in environmental-related D&O claims.
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The Bermudian’s estimated loss range follows a similar disclosure by Arch earlier this week.
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Sources said the new clauses would limit future opioid-related claims. -
The broker said outsized claims experience for the 2019/20 period had left some mutuals struggling.
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The supplier to carriers including Liberty Mutual and John Hancock has raised $110mn in total.
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Insurers are facing up to a total loss on MGM Resorts’ $751mn tower after the hotel and casino company agreed an $800mn settlement with survivors.
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The transaction has now received regulatory approval and has closed.
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Wilson’s role will focus on building out the Bermudian’s casualty and specialty reinsurance footprint in the US.
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The restructuring also entails the creation of a new specialty insurance business through the merger of marine and international P&C.
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Jeff Lynn joins from Everest Re to lead the new business segment.
