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Insurance

Kingstone reduces quota share of reinsurance treaty

Kingstone Insurance Company (KICO), a wholly-owned subsidiary of property/casualty insurer Kingstone Companies, has reduced its personal lines quota share treaty ceding percentage to 10 percent, down from 20 percent, effective July 1, 2018.   24 August 2018

Insurance

RLI founder passes away

Gerald Stephens, the founder of US specialty insurer RLI, has passed away at the age of 86.   24 August 2018

Insurance

Swiss Re appoints Higginbotham as new EMEA reinsurance CEO

Swiss Re has appointed Russell Higginbotham as CEO reinsurance EMEA effective Sept. 1, 2018, replacing Jean-Jacques Henchoz.   23 August 2018

Insurance

Startups target $15bn title insurance business

Tech-focused startups are targeting the $15 billion title insurance industry that’s dominated by just four companies, according to an Aug. 22 Bloomberg News report.   23 August 2018

Insurance

Technology and Lloyd’s create tailwinds for RSG in choppy marine market

Ryan Specialty Group has a growing presence in the marine market — a confluence of market conditions and its own strategic decisions could mean further growth, as Intelligent Insurer finds out.   23 August 2018

Insurance

The Hartford expands product offering through Navigators acquisition

Hartford Financial Services Group is acquiring The Navigators Group for $2.1 billion in a move that will see the US insurer expand its offerings and underwriting risk appetite.   22 August 2018

Insurance

The Hartford acquires Navigators for $2.1bn in cash

US-based Hartford Financial Services Group has entered into a definitive agreement to acquire global specialty insurance holding The Navigators Group in an all-cash transaction of approximately $2.1 billion.   22 August 2018

Insurance

Enstar secures up to $1bn for acquisitions

Bermuda-based Enstar Group has entered into a five year unsecured $600 million revolving credit facility with a group of lenders to fund acquisitions as well as for “general purposes.”   22 August 2018

Insurance

Insurtech-based premiums to exceed $400bn by 2023

Insurance premiums generated by emerging insurtech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018, according to a study by Juniper Research.   22 August 2018

Insurance

LIIBA warns on missing Brexit equivalence regime for brokers

London & International Insurance Brokers’ Association (LIIBA) chairman Roy White has written to the UK’s prime minister Theresa May to drive attention to the fact that insurance intermediates do not have an equivalence framework in place to allow for business continuity after the UK leaves the EU.   22 August 2018

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