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Rhode Island bill forcing terms on surplus lines brokers vetoed

Industry defeats a bill that would have allowed for a mandatory 85-day billing cycle.

Anthony Baldo, 04 July 2018
InsurTech Planck Re picks up $12mn in first financing round

The start-up uses AI and Big Data to create business profiles for insurers and brokers.

Ted Bunker, 04 July 2018
Marsh buys second construction broker in as many days

The intermediary has acquired St. Paul, Minnesota-based Klein Agency.

Laura Sanicola, 04 July 2018
Cargo market anticipates $75mn Brazilian Drogarias loss

Tysers’ cargo cover binder will pick up $50mn of the XoL reinsurance policy.

John Hewitt Jones, 03 July 2018
AmTrust to enter North American cat with Roberts hire

The MS Amlin underwriter will join AmTrust’s Lloyd’s platform late this year.

Adam McNestrie, 03 July 2018
Ex-Scor executive Hertelendy joins Credit Suisse

The former specialy lines head left the French reinsurer earlier this year, as sister publication Trading Risk revealed.

Lucy Jones, 03 July 2018
Aon structures $100mn IP facility led by TMK

The Japanese-owned Lloyd's business claims $25mn in IP capacity.

Bernard Goyder, 03 July 2018
Run-off deals will only increase in the US: PwC

Executives say the American market for non-life transactions is worth $335bn.

Anthony Baldo, 03 July 2018
Carriers hone policy wording as Brexit back-up

Insurers are developing contract continuity clauses in a bid to tackle uncertainty over Brexit.

Laura Board, 03 July 2018
Upstream rate momentum slows in second quarter: JLT

The broker pegs the “new norm” increase at about 5 percent.

John Hewitt Jones, 03 July 2018

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