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State Auto specialty insurance head departs
Jessica Clark, the director of commercial and specialty insurance at Nasdaq-listed State Auto Financial Corporation (STFC), has left the company, the carrier announced yesterday.
Bernard Goyder
,
24 May 2017
Market dodged major losses from WannaCry: AM Best
Insurers probably dodged a cyber bullet when the WannaCry virus disabled more than 300,000 computer systems worldwide because few of the victims were covered for the risk, according to AM Best.
Ted Bunker
,
24 May 2017
Chinese insurers well captialised: CIRC
A study by the Chinese insurance regulator has found that the country's insurers tend to be well capitalised.
Bernard Goyder
,
24 May 2017
Maison owner taps Dan Case as COO to grow business
Maison owner 1347 Property Insurance Holdings (PIH) named Dan Case, a veteran of Advocate Reinsurance Partners, as COO responsible for growing operations for the carrier.
Ted Bunker
,
24 May 2017
AIG ratings review ends as AM Best credits Duperreault
AM Best gave new AIG CEO Brian Duperreault a nod of approval today as it ended a credit review that began with negative implications following a surprise charge against earnings under former leader Peter Hancock.
Dan Ascher
,
24 May 2017
Ironshore adds ex-Hiscox trade underwriter Fisher
Ironshore has recruited Russell Fisher who was let go when Hiscox disbanded its political risk and trade credit underwriting team in London.
Dan Ascher
,
23 May 2017
XL Group sees a third of shareholders rebel on pay
XL Group shareholders have voiced opposition to the company’s executive pay plan, with the Bermudian becoming the latest carrier to face investor disapproval over compensation proposals at an annual meeting of stockholders.
Bernard Goyder
,
23 May 2017
CEA raises $925mn from Ursa Re
The California Earthquake Authority (CEA) has raised $925mn from its Ursa Re 2017-1 cat bond, making it not only the organisation's biggest cat bond issuance but also one of the ILS market's largest ever deals.
23 May 2017
Morocco oil loss lands Lloyd’s carriers in court
A number of Lloyd's carriers are embroiled in legal action in New York over the alleged theft of $400mn of oil by Moroccan refinery Société Anonyme Marocaine de l'Industrie du Raffinage (Samir), court documents show
Matthew Neill
,
23 May 2017
Globe Underwriting creates marine underwriting unit
UK managing general agent (MGA) Globe Underwriting has launched a marine division with a quintet of former Tokio Marine Kiln underwriters, the company announced today.
23 May 2017
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