Articles
Insurance
US insurer FedNat Holding Company has secured regulator approval to close the acquisition of Maison Insurance Company and other homeowners insurance entities from 1347 Property Insurance Holdings (1347 PIH) in a $51 million deal. 14 August 2019
Insurance
US insurance brokerage and risk management firm has appointed Darren Black to lead its national professional liability practice group. 14 August 2019
Insurance
Specialist re/insurance marketplace Lloyd's of London saw a significant increase in the use of placing platform PPL during the second quarter of 2019 with more than half of its in scope risks placed electronically. PPL board chair Bronek Masojada said the market has "genuinely adopted" e-placements and he hopes to achieve the same success in submission rates. 13 August 2019
Insurance
Globe Underwriting, the UK based managing general agent, has appointed Peter Rossell as head of engineering underwriting. 13 August 2019
Insurance
Specialty re/insurer Canopius has partnered with artificial intelligence (AI) and deep-learning property analytics start-up Arturo. 13 August 2019
Insurance
US insurer FedNat has entered into a "cooperation agreement" with its third largest shareholder Capital Returns Management in response to legal proceedings filed by the activist investor, and agreed to add two new directors to its board as part of the deal. 13 August 2019
Insurance
Re/insurer AXA XL has added Jennifer Arezes as new senior underwriter to its property insurance team in Canada. 13 August 2019
Insurance
Cincinnati Financial Corporation has expanded its board of directors to 15 with the appointment of Jill Meyer as an independent director and a member of its audit committee. 13 August 2019
Insurance
Most of the top 20 reinsurers have switched strategy to take advantage of the price uptick, seen during the April, June and July 2019 renewals, by increasing their exposure to catastrophe risk, a report from S&P Global has found. 9 August 2019
Insurance
Specialist insurer Beazley has appointed Will Roscoe as head of its ‘smart tracker’ special purpose syndicate 5623. 8 August 2019
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