Articles
Insurance
US-based broker Brown & Brown has entered into an agreement to acquire the Servco Pacific Insurance (SPI) operations in Hawaii and the Pacific Northwest. 3 May 2018
Insurance
Homeowners' re/insurer HCI has proposed to acquire Federated National Holding Company (FedNat) for $257 million which was not accepted by the Federated National board and HCI CEO Paresh Patel is now looking for similar takeover targets. 2 May 2018
Insurance
Bermuda-based Arch Capital's growth in the first quarter of 2018 was driven by its reinsurance segment and specifically growth in international motor contracts. 2 May 2018
Insurance
Bermuda-based Validus Holdings reported a net loss of $4.1 million for the first quarter of 2018 after a net income of $94.6 million in the same period of 2017. 2 May 2018
Insurance
Bermuda-based RenaissanceRe CEO Kevin O'Donnell described the recent renewals as “successful,” while profits fell in the first quarter of 2018 despite improvements on the underwriting side. 2 May 2018
Insurance
Swiss Re has strengthened its African business through its newly approved licence for property & casualty (P&C) business in South Africa. 2 May 2018
Insurance
Scott Purviance has succeeded Steven DeCarlo as the company’s AmWINS Group CEO on May 1, a move that is followed by a number of management changes. 2 May 2018
Insurance
Specialist insurer Beazley and Lloyd’s coverholder Risk Cooperative have partnered with blockchain technology company Bitfury to build the first blockchain-based system for crisis insurance and risk management. 2 May 2018
Insurance
The Florida Office of Insurance Regulation has approved a rate decrease for workers’ compensation insurance in Florida. 2 May 2018
Insurance
Lloyd’s of London’s chief financial officer John Parry is leaving the corporation after 17 years. 1 May 2018
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