News

Insurance

Ascot MGA Ethos appoints new CEO

Ascot Group’s US managing general agent (MGA) platform Ethos Specialty Insurance Services has appointed Rory Cline as its new president and CEO.   18 September 2018

Insurance

Thomas Miller acquires MGA operations

Insurer Thomas Miller has acquired the managing general agency (MGA) and insurance services operations of Hamburg-headquartered specialist insurance services group Zeller Associates.   18 September 2018

Insurance

Hurricane Florence insured loss estimated at $2.5bn

Insured losses from Hurricane Florence will be around $2.5 billion, according to KCC estimates.   18 September 2018

Insurance

Insurtech Setoo secures €8m funding from AXA

Setoo, a London-based insurance and protection-as-a-service company, has closed an €8 million Series A funding round with AXA’s insurtech startup studio Kamet.   18 September 2018

Insurance

Florence losses likely to be largely retained by insurers: Moody’s

Losses from Hurricane Florence will be largely retained by property/casualty insurers only “dampening” their third quarter earnings. Only reinsurers and ILS funds with low attachment points may find themselves subject to claims, according to a report by Moody’s, which also predicted no cat bonds would be triggered.   17 September 2018

Insurance

Insurers brace for a hit as Typhoon Mangkhut lashes HK and China

Shares in several insurers in Asia have slumped on the back of Typhoon Mangkhut causing devastation in Hong Kong and Southern China.   17 September 2018

Insurance

Typhoon Jebi expected to cost up to $5.5bn: RMS

Risk modelling firm RMS has estimated that the insured loss for Japan from Typhoon Jebi will be between $3 billion and $5.5billion (¥340 to ¥620billion).   17 September 2018

Insurance

Hurricane Florence floods devastate North Carolina

Hurricane Florence drenched North Carolina with more downpours on Sunday, Sept. 16, damaging tens of thousands of homes and threatening worse flooding as rivers fill to the bursting point, Reuters reported on Sept. 16.   17 September 2018

Insurance

BMS bolsters energy division with JLT, Price Forbes hires

Broker BMS Group has hired four new executives from JLT and Price Forbes to expand its energy division.   17 September 2018

Insurance

Aon hires PwC exec to lead EMEA M&A infrastructure

Broker Aon has hired a PwC executive to expand its merger and acquisitions (M&A) and transaction solutions capability for infrastructure.   17 September 2018

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