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Insurance
New York-based insurance holding company AmTrust Financial Services is looking to sell a majority in its MGA network and warranty administration operations, CEO Barry Zyskind suggested during the company’s first quarter results conference call. 9 May 2017
Insurance
Broker Willis Towers Watson has appointed Thomas Zacharopoulos as Midwest leader for its Financial Institutions Industry group. 9 May 2017
Insurance
Enstar, an insurance holding company that owns StarStone and Atrium, posted improved profits in the first quarter of 2017 though its net written premiums shrank as it warned on “challenging market conditions” in both underwriting and investing and “overcapacity in many markets for insurable risks”. 9 May 2017
Insurance
Specialist insurer Hiscox plans to establish a European subsidiary in Luxembourg in response to the UK's exit from the European Union. 9 May 2017
Insurance
The insured property market loss for Tropical Storm Debbie, the strongest tropical cyclone in the Australian region since Cyclone Quang in 2015, is estimated at A$1.12bn ($823 million), according to PERILS. 9 May 2017
Insurance
New York-based specialty personal lines insurance provider National General Holdings reported a fall in profits in the first quarter of 2017 as the combined ratio of its property/casualty operations deteriorated. 8 May 2017
Insurance
JLT Specialty USA, a US subsidiary of Jardine Lloyd Thompson Group, has expanded its environmental team with the appointment of Grant Nichols as senior vice president, based in Philadelphia. 8 May 2017
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
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