Intelligent Insurer News
The latest news from www.intelligentinsurer.com
Updated: 1 hour 9 min ago
HSCM backs States Title with $150m debt financing
The re/insurer also participated in its $123 million Series C round in May 2020.
Arch appoints new managing director of Lloyd's managing agency
He will oversee Lloyd's syndicate 2012, 1955, Arcus syndicate 1856 and Toa Re SPA 6132.
Berkshire Hathaway (BHSI) boosts executive & professional lines to meet high demand
The company says its management liability solutions are in high demand in the current marketplace.
Enstar sells US life insurance subsidiary Pavonia to Aquarian
Pavonia Life is licensed to underwrite business in New York and Delaware.
Monument Re takes over Isle of Man business from Charles Taylor
The deal has received regulatory nod from the Isle of Man Financial Services Authority and the BMA.
Beazley hires Liberty Mutual and RPS underwriters in US
The new hires will underwrite deadly weapons protection and safeguard insurance products in the US.
Legal & General in £570m buy-in deal with Deutsche Bank scheme
The transaction was completed under an umbrella contract which allows future transactions.
AIG suffers whopping $6bn loss in 2020; Duperreault bullish over 'progress'
The insurance giant has recently replaced its CEO and revealed plans to break-up business.
Swiss Re CS reveals new global head of casualty from Neon
The executive has also held casualty leadership roles at Mitsui Sumitomo at Lloyd's and CNA.
Progressive snaps up commercial auto insurer Protective for $338m
Progressive wants to expand its commercial lines products and market presence with the acquisition.
Arch signs multi-year capacity deal to boost cyber MGA Coalition
The carrier will back Coalition with long-term capacity across cyber insurance programmes.
Munich Re's HSB launches workplace violence insurance for small businesses
The coverage can pay for lost business income and help small businesses recover from a violent event.
Lloyd’s report finds increasing risk of cyber attack on industrial sector
New report warns these emerging risks could generate major insured losses.
AXIS hires underwriting innovation leader from Cincinnati
The new hire will help advance the digital underwriting capabilities of its small specialty commercial unit.
Specialist Risk Group buys trade credit specialist
The acquisition follows the announcement of a new majority shareholder HGGC in December 2020.
Australian East Coast Low insured losses lifted to A$989m
Property damage accounted for the vast majority of losses, according to PERILS.
Duperreault to step down as AIG exec chair before contract ends in 2022
Brian Duperreault’s employment with AIG will end at the close of business on December 31, 2022.
Ardonagh Group expands into Australia with acquisition
The acquired intermediary network provides business and personal insurance solutions across Australia.
Willis Re picks PartnerRe's Büker as head of Lloyd’s capital
He will be responsible for extending Willis Re’s relationships with the Lloyd’s sector.
Weston Insurance promotes Nixon to CEO as Lyons departs
Michael Lyons, founder and CEO, started the company in 2011 after leaving RenaissanceRe.
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