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Insurance
In the absence of clarity as to what a future trade deal will look like between the UK and the EU, affected insurers have accelerated their plans to establish new EU subsidiaries, according to AM Best. 3 August 2018
Insurance
London-based FloodFlash, a startup that wants to offer insurance for previously uninsurable flood risk, has raised £1.9 million in seed funding from LocalGlobe, Pentech Ventures and InsurTech Gateway. 1 August 2018
Insurance
Lloyd’s managing agent of syndicates 1975, 1991, 3330 and 1110, Coverys Managing Agency, has appointed Robert Scott-Stewart as chief information officer and Peter Chambers as chief technology officer. 31 July 2018
Insurance
CNA Financial Corporation’s CEO Dino Robusto wants to turn around the international business unit by refocusing the Lloyd’s Hardy syndicate. 31 July 2018
Insurance
New insurtech managing general agent (MGA) C-Quence has secured underwriting capacity from Arch Insurance Company (Europe). 31 July 2018
News
Reinsurance, wholesale and specialty broker Ed has appointed Patrick Jordan as divisional director, marine, based in London. 31 July 2018
Insurance
Bermuda-based Randall & Quilter (R&Q) Investment’s wholly owned subsidiary Accredited Surety & Casualty Company (Accredited) has closed a programme underwriting partnership with Atlas General Services Insurance. 31 July 2018
Alternative Risk Transfer
Arcus Syndicate 1856 (Arcus 1856) has promoted Adrian Gfeller to the position of managing director and Gary Delaney to the position of head of operations effective August 1. 31 July 2018
Insurance
Bermuda-based Everest Re reported a sharp drop in earnings for the second quarter of 2018 compared to the previous year primarily driven by the 2017 hurricane events – Harvey, Irma and Maria. 31 July 2018
Insurance
The Carr fire in California which burned nearly 100,000 acres is now among the top 10 most destructive fires on record in California, according to an Aon Cat Alert. 31 July 2018
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