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BHSI opts for measured growth in Europe

Berkshire Hathaway Specialty Insurance (BHSI) will not try to grow its business rapidly in Europe and will favour a slow and steady approach instead, according to UK and Southern Europe CEO Tom Bolt

Charlie Thomas, 14 February 2017
Warburg Pincus and Aquiline among CFC bidders

First-round bids in the auction of specialist managing general agency (MGA) CFC Underwriting were submitted last week, with submissions coming solely from private equity houses, The Insurance Insider understands.

Adam McNestrie, 14 February 2017
Mexico riot losses could top $200mn

Riots in Mexico in January over the price of petrol are expected to cost the international insurance market between $200mn and $250mn, according to market sources.

Bernard Goyder, 14 February 2017
Trust businesses

I'm trying to work out what I think about the whole Greenberg trial and settlement

Adam McNestrie, 14 February 2017
Greenberg’s admission speaks for itself: New York AG

The war of words between former AIG boss Maurice "Hank" Greenberg and New York Attorney General (Eric Schneiderman intensified on Monday (13 February) as the two fought to get the better of the media coverage after the settlement on Friday of 12-year-old fraud charges

Dan Ascher, 14 February 2017
Warburg Pincus and Aquiline among CFC bidders

First-round bids in the auction of specialist MGA CFC Underwriting were submitted last week, with submissions coming solely from private equity houses, The Insurance Insider understands.

Adam McNestrie, 14 February 2017
ICA puts NSW bushfire losses at $15.3mn

The Insurance Council of Australia (ICA) declared an insurance catastrophe for bushfires that swept across parts of the state of New South Wales over the weekend

Laura Board, 14 February 2017
AIG Japan to merge two local units

AIG Japan said it will consolidate two wholly owned subsidiaries into a single company by next January.

Bernard Goyder, 14 February 2017
Palomar enters private flood market in California

Palomar Specialty became the first admitted carrier to launch a standalone residential flood insurance cover in California, offering a supplement to the US government’s National Flood Insurance Program (NFIP)

Ted Bunker, 14 February 2017
NY cyber security rules pose added D&O risk: Fitch

Forthcoming cyber security regulations from New York state’s Department of Financial Services may heighten the stakes for D&O coverage providers while potentially spurring demand for insurance against cyber risk for banks and other institutions, according to Fitch Ratings.

Ted Bunker, 14 February 2017

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