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Insurance
Arch Insurance, a part of Bermuda-based Arch Capital Group, has expanded its travel business unit with the appointment of Cory Sobczyk and Dan Povondra as vice presidents of business development, and Lynn Barty as regional sales director. 28 June 2017
Insurance
Australian insurer IAG said on June 28 that a preliminary review of the financial year ending June 30, 2017, indicates reserve releases of at least 5 percent of net earned premium. 28 June 2017
Insurance
USI Insurance Services (USI) said on June 27 that it has entered into an agreement with Wells Fargo & Company to purchase Wells Fargo Insurance Services USA. 27 June 2017
Insurance
Vienna Insurance Group (VIG) said on June 26 that chief financial officer (CFO) Martin Simhandl is resigning for personal reasons. 27 June 2017
Insurance
Apple is working with Cisco Systems to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Reuters reported on June 26. 27 June 2017
Insurance
Specialist commercial insurer CNA Hardy has appointed Alistair Marriott as head of cargo for its Lloyd's platforms. 27 June 2017
Insurance
Bermuda-based property/casualty re/insurer Sompo International has launched a new accident and health (A&H) insurance unit. 27 June 2017
Insurance
Bermuda-based Assured Guaranty has announced its plan to combine the portfolios and operations of its four international financial guaranty insurance companies. 27 June 2017
Insurance
Specialist Lloyd's insurer Neon has expanded its underwriting management team with the appointment of Annabel Fell-Clark and the promotion of Andrew Dougall. 27 June 2017
Insurance
The Reinsurance Association of America (RAA) is lobbying for a lower corporate tax rate in the US while ensuring that any changes to proration of tax exempt interest or discounting of loss reserves appropriately reflect the business of insurance, according to a June 26 press release. 27 June 2017
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