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Insurance
Bermuda-based White Mountains Insurance Group has agreed to acquire a majority stake in NSM Insurance Group, a US-based specialty insurance programme administrator, for approximately $388 million. 3 April 2018
Insurance
Tokio Marine HCC has appointed Susan Rivera as executive vice president and chief operating officer. Rivera was a founding shareholder of V3 Insurance Partners. 3 April 2018
Insurance
Castel Specialty, a division of MGA formation platform Castel Underwriting Agencies, has added a global property facultative reinsurance offering to its portfolio while appointing a senior executive from Pen Underwriting. 3 April 2018
Insurance
The Montecito mudslide in California in January 2018 has caused over 2,000 insurance claims totalling more than $421 million, according to insurance commissioner Dave Jones. 3 April 2018
Insurance
Bermuda-based Fidelis Insurance has hired Alison Clarke to join its London underwriting team as senior underwriter. 3 April 2018
Insurance
French reinsurer SCOR has appointed Laurent Rousseau as deputy CEO of SCOR Global P&C effective April 1, 2018, replacing Benjamin Gentsch. 29 March 2018
Insurance
The founders of the Blockchain Insurance Industry Initiative (B3i) have launched B3i Services in Zurich, Switzerland. 26 March 2018
Insurance
Developments in artificial intelligence (AI) and data collection stand to completely alter the asymmetry of information between insurers and insureds, representing a game changer for the re/insurance sector, SCOR CEO Denis Kessler suggested in an article. 22 March 2018
Insurance
The UK government is extending the terrorism cover offered by Pool Re to include non-damage business losses resulting from acts of terrorism. 22 March 2018
Insurance
Specialist insurer Beazley's chief underwriting officer (CUO) Neil Maidment is retiring at the end of the year. He will also step down from the company's board at the same time. 22 March 2018
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