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Insurance
Rating agency AM Best has downgraded Canopius Reinsurance after it reviewed the firm following its acquisition by Centerbridge Partners. 23 March 2018
Insurance
A joint investigation by the California Department of Insurance and US Immigration and Customs Enforcement's Homeland Security Investigations has resulted in an alleged $1.9 million scam where the suspects submitted fraudulent life insurance applications to take advance commissions from insurance companies. 23 March 2018
Insurance
JLT Specialty USA, a US subsidiary of Jardine Lloyd Thompson Group (JLT), has appointed Ted Dobos as executive vice president, leader of JLT’s West Coast M&A practice. 23 March 2018
Insurance
Bermuda-based specialty re/insurer Argo has launched a new wage and hour (W&H) liability insurance cover underwritten by its professional lines team in Bermuda. 23 March 2018
Insurance
Private medical insurance provider SecurityTrust has secured seed funding from Mci Asset Management as well as underwriting capacity from Canopius and via the coverholder Compass Underwriting. 23 March 2018
Insurance
Lloyd’s has posted its first aggregate pre-tax loss in six years as major claims more than doubled in 2017, causing an underwriting loss of £3.4 billion. 21 March 2018
Insurance
AXIS is paying the departing CEO of AXIS accident & health (A&H), Christopher DiSipio, a severance payment of $1.8 million. 21 March 2018
Insurance
Rating agency AM Best has a negative outlook on the UK’s non-life market as the negative impact from the challenges the UK sector is facing is likely to last. 21 March 2018
Insurance
Lloyd’s, the specialist insurance and reinsurance market, has appointed Dawnmarie Black as US Northeast regional director. 21 March 2018
Insurance
Bermuda-domiciled insurance and reinsurance holding company Paraline has appointed Paul Rayner as active underwriter of Paraline Syndicate 4242 and SPA 6123. 21 March 2018
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