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Lloyd’s survey reveals 500 workers witnessed sexual harassment in past year
Insurance
Lloyd’s of London has pledged to change its ways dramatically after a survey found that nearly 500 workers had witnessed sexual harassment in the space of a year.   24 September 2019
Commercial insurtech Bold Penguin raises $32m Series B led by HSCM, Lockton
Insurance
US-based commercial insurance technology company Bold Penguin has secured $32 million Series B funding led by Hudson Structured Capital Management (HSCM), Lightstone, Guggenheim Insurance, Lockton, existing investors and individuals from Stone Point Capital.   24 September 2019
AmTrust launches new excess casualty operation led by Everest Re's Jeff Lynn
Insurance
AmTrust E&S Insurance Services, a wholly-owned subsidiary of AmTrust Financial Services, has launched a new excess casualty underwriting division based in Los Angeles. It will be led by Jeff Lynn, who joins from Everest Re.   24 September 2019
Insurance
Ratings agency AM Best has assigned a financial strength rating of A (Excellent) with a ‘stable’ outlook to Brit Reinsurance (Bermuda), a wholly-owned subsidiary of specialty re/insurer Brit, reflecting a "very strong" balance sheet.   19 September 2019
Insurance
Accounting standard IFRS 17 is more realistic and consistent than the standard it replaces, IFRS 4, and will show how lower interest rates are hurting insurers.   19 September 2019
Insurance
The US arm of Italian insurer Generali Group has launched a new specialty insurance division focused on warranty services and solutions.   19 September 2019
Insurance
AXA Liabilities Managers (AXA LM), the non-life re/insurance legacy firm, has acquired the non-life legacy portfolio of Munich Re Malaysia. The portfolio transfer will become effective on October 1, 2019.   19 September 2019
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its leadership team in France with the appointment of Katell Pouliquen as head of claims, Louis du Ché as head of property, and Ludovic Ruiller as head of environmental.   19 September 2019
Insurance
International General Insurance (IGI) is to focus on workplace harassment as it hosts the Dive In festival in Jordan later this month.   19 September 2019
Alternative Risk Transfer
Markel Corporation has hired Hamilton's Brenton Slade as president of Lodgepine Capital Management, its new retrocessional insurance linked securities (ILS) fund based in Bermuda.   19 September 2019

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