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Crosswinds Re, a specialty reinsurance business vehicle established by Crosswinds Holdings in the Cayman Islands, has entered into an underwriting agreement with TransRe as it struggles to find profitable business. 5 July 2017
Insurance
Traditional insurers are too slow to react to trends in the sector and managing general agents (MGA’s) may be able to adapt more quickly and efficiently, offering the necessary expertise and potentially making the insurer’s underwriting capabilities become obsolete, according to a panel discussion at the 2017 Managing General Agents’ Association conference. 5 July 2017
Insurance
Specialist re/insurer MS Amlin said on June 28 that it will re-domicile its European business, Amlin Insurance Societas Europaea (AISE), to Brussels, in response to Brexit. 28 June 2017
Insurance
AXIS Insurance, part of Bermuda-based AXIS Capital Holdings, has appointed James DeSimone as senior vice president to lead its primary casualty business in the US Northeast and Midwest regions. 28 June 2017
Insurance
Swiss insurance giant Zurich has acquired UK-based rental car insurance firm Halo to expand its travel offering. 28 June 2017
Insurance
Reinsurance, wholesale and specialty broker Ed has appointed James Blacker as managing director of property and casualty. 28 June 2017
Insurance
Antares, the Lloyd’s managing agent and part of the QIC Group, has appointed David Hobbs, Mike Finch and Paul Grimsey to its board. 28 June 2017
Insurance
Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack, according to new research from Lloyd’s, released just after the latest Petya cyber-attack. 28 June 2017
Insurance
The loss estimate for tropical cyclone Debbie has increased to AUD1,41 billion ($1.07 billion), according to data provider Perils. 28 June 2017
Insurance
Specialist insurer Hiscox has appointed Josh Nevin as chief operating officer (COO) for its US business unit. 28 June 2017
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