News
Insurance
Insured losses from storm system Barry, which was briefly a hurricane, will be close to $300 million, according to Karen Clark & Company (KCC). 17 July 2019
Insurance
B3i Services, the blockchain insurance industry initiative, has appointed John Carolin as its chief executive officer (CEO). 17 July 2019
Insurance
Markel has reached an out of court agreement with two former CatCo executives to resolve claims for a total of $73.4 million for alleged “wrongful termination” of employment. 17 July 2019
Insurance
Allianz Group's specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) has appointed Linda Regner Dykeman as its new chief agent of Canada. 17 July 2019
Insurance
US-based specialty property/casualty insurer ProSight Global has launched its initial public offering (IPO) of approximately 8.8 million shares of common stock on the New York Stock Exchange. 17 July 2019
Insurance
US insurance brokerage and risk management firm Risk Strategies has acquired California-based Winter Group, a specialty insurance programme manager with a focus on the trucking industry. 17 July 2019
Insurance
S&P Global Ratings said the less generous than expected minus 0.25 percent Ogden discount rate announced yesterday is ‘just a bump in the road’ for UK motor insurers. 16 July 2019
Insurance
Hudson Structured Capital Management (HSCM Bermuda) has led the Series B funding round of insurtech RiskGenius, which provides software-based natural language processing tools for improving the quality and accuracy of insurance policies. 16 July 2019
Insurance
Specialist captive managing general agent (MGA) International Re (I–RE) has launched a re/insurance solution for mid-sized captives with the establishment of I–RE SA. 16 July 2019
Insurance
Munich Re has hired Kyungsuk Lee as new head of life and health business in Korea. He was most recently CFO at Chubb Life Korea Insurance and has worked for direct insurance companies in the US and Korea for over 15 years. 16 July 2019
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