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Insurance
If all US businesses had cyber insurance, over $5 billion a year would be lost to the insurance industry from cyber data exfiltration alone, according to catastrophe risk modelling firm RMS. 8 May 2017
Insurance
Marsh & McLennan Agency, the middle market agency subsidiary of Marsh, acquired employee benefits consulting firm Insurance Partners of Texas. The move follows the recent acquisition of Texas-based iaCONSULTING. 8 May 2017
Insurance
Insurance broker NFP has acquired Arizona-based property/casualty (P&C) firm McCullough Insurance Agency to further expand its presence in the Southwest market. 8 May 2017
Insurance
Property/casualty insurer Chubb has enhanced its financial lines covers in the UK and Ireland. 8 May 2017
Insurance
Over half of UK based small and medium-sized enterprises (50.8 percent) say that their insurance broker has not raised the issue of cyber insurance with them, according to a survey by specialist lines underwriting agency CFC Underwriting. 8 May 2017
Insurance
Insurtech start-up Next has raised $29 million in a Series A funding round led by Munich Re, through its venture capital arm HSB Ventures, along with Markel, Nationwide, and other investors. 4 May 2017
Insurance
Speciality property/casualty insurance group AmTrust Financial Services (AFSI) should take a reserve charge “in the hundreds of millions of dollars” and commit to “much-improved disclosure” in order to restore investor confidence, according to analysts at Keefe, Bruyette & Woods. 3 May 2017
Insurance
Re/insurance broker Miller has hired producer broker Ian Blick to manage and develop its energy facultative book of business. 3 May 2017
Insurance
Insurtech funding in the first quarter of 2017 dropped severely compared to the same period last year as significant investments made in 2016 reach the product launch phase, according to Willis Towers Watson Securities. 2 May 2017
Insurance
Revenues at reinsurance broker Guy Carpenter increase by 4 percent in the first quarter of 2017 reaching $385 million, according to results released by its parent Marsh & McLennan Companies. 28 April 2017
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