Dubai plans to triple the size of its financial district, adding an area almost the size of London’s Canary Wharf, even as the emirate faces slower growth and rising competition from neighboring banking hubs. The expansion, dubbed DIFC 2.0, will …
Welcome to the new year. I hope that it is full of possibility for you and yours. If you’re a regular reader (and why wouldn’t you be?!?), you may notice that this is going out early this week. I had …
The Board of Directors of Everest Re Group Ltd. has been informed by its President and Chief Executive Officer Dominic J. Addesso that he will retire at the end of his contract term on Dec. 31, 2019. As a result, …
Neon announced it successfully has raised third party capital to support its second insurance linked securities (ILS) transaction through its UK-based transformer vehicle, NCM Re. This marks the first reinsurance renewal under the UK’s nascent regulatory regime for alternative capital …
Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary Accredited Insurance (Europe) Ltd. has signed a new program underwriting partnership with Kitsune Ltd., a UK managing general agent that provides private motor insurance. Kitsune is one …
Brit Ltd., the London-based specialty insurer and reinsurer, announced it has made a significant strategic investment in Sutton Special Risk Inc. Financial details of the deal were not released. Toronto-based Sutton is a managing general underwriter (MGU), specializing in accident …
CorPro Underwriting Managers has expanded its availability of several new key coverage enhancements under the Private Edge Plus and Not-for-Profit Risk Protector products (directors and officers, employment practices, fiduciary and crime insurance coverages) offered to SME businesses on a national …
Mississippi saw a big jump in fire deaths in 2018. The state Fire Marshal’s Office says 79 people died in blazes last year, up from 56 statewide in 2017. State Chief Deputy Fire Marshal Ricky Davis says he’s unsure why …
Insurors of Tennessee has promoted Daniel Smith to chief marketing officer and added Jim Layman as director of Government Relations. The new positions at the trade association, which represents independent insurance agents in the state, are effective immediately. Smith previously …
Officials in Columbus, Ohio, strengthened a city law protecting tenants to prevent landlords from evicting renters for complaining about housing issues. The updated law, which was approved earlier this month, takes effect in January The Columbus Dispatch reported. Landlords are …
