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LabCorp sues AIG and Liberty over Facta lawsuit cover
US healthcare diagnostic firm LabCorp has initiated legal action against AIG Specialty and Liberty Mutual after the insurers refused to pay out on a $10mn policy over the company's loss of a class action suit.
Matthew Neill
,
01 August 2017
Hull underwriters lose bid to take Kairos banker to English court
A cohort of hull underwriters led by Aspen have lost their appeal to sue the banker of Turkey-based Kairos Shipping in an English court to recoup a $22mn payment for a ship that was later judged to have been scuttled.
Matthew Neill
,
01 August 2017
Phillipson SPA highlights entrepreneurs’ path to Lloyd’s
The news that Dale Underwriting Partners is sponsoring a special purpose arrangement (SPA) syndicate for a group of contingency and property underwriters led by Tom Phillipson offers fresh evidence that Lloyd's is using the vehicles to foster entrepreneurial talent.
Adam McNestrie
,
01 August 2017
Zurich narrows down German legacy med-mal bidders
Zurich has reached the second stage in the disposal of its EUR400mn ($470mn) German legacy medical malpractice book, having selected three run-off carriers to participate in the next round of bids, The Insurance Insider understands.
Catrin Shi
,
01 August 2017
Markel adds State National growth engine
Markel views its proposed acquisition State National as a strong growth engine, with the fronting specialist well-positioned to take advantage of secular trends in the P&C sector driven by alternative capital and InsurTech.
David Bull
,
01 August 2017
Opinion: Epic growth valued
Oak Hill's acquisition of Carlyle Group's majority stake in Epic Insurance Brokers is the latest deal in what seems to be a near-constant churn of ownership among private equity-backed intermediaries.
David Bull
,
01 August 2017
Epic expects Oak Hill deal to fuel further expansion
Epic Insurance Brokers president Pete Garvey is looking for acquisitions that would represent a strategic fit for the fast-growing business after principal financial backer Carlyle Group agreed to sell its majority stake to Oak Hill late last month in a deal valuing the firm at nearly $1bn.
Ted Bunker
,
01 August 2017
35 delightful minutes with Lemonade
The greatest paradox of today is that some of our best marketers are actually the worst communicators.
Mark Geoghegan
,
01 August 2017
Low Q2 cats mask continued worsening of fundamentals
Low levels of catastrophe losses flattered second quarter results at risk carriers, as market conditions continued to apply upward pressure to core loss ratios amid softening reserve releases.
Adam McNestrie
,
01 August 2017
Towergate unveils London specialty MGA platform
Towergate Underwriting has launched a London market specialty MGA platform and selected political violence as its entry market
Bernard Goyder
,
01 August 2017
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