Insurers Welcome Global Regulation Provision in Banking Reform Bill May 23, 2018 By Andrew G. Simpson The financial services regulatory reform measure passed by Congress yesterday, which contains parts of more than 25 different bills, includes...
NSM’s Vantage Acquires UK Personal Lines Broker Fresh Insurance in Redditch May 21, 2018 By Andrew G. Simpson U.S.-based NSM Insurance Group’s UK subsidiary, Vantage Holdings, has acquired Fresh Insurance Services Group Ltd,. an insurance broker based in...
Arca Capital Backs Icahn in Trying to Stop AmTrust Privatization Plan May 21, 2018 By Andrew G. Simpson The Prague-based investment firm Arca Capital said it plans to work with activist investor Carl Icahn and other minority shareholders...
Lemonade Proposes Open Source Insurance Policy for All to Change, Adopt May 21, 2018 By Andrew G. Simpson Technology-focused homeowners and renters insurer Lemonade Inc. has proposed an open source renters insurance policy that anyone can contribute to...
J.C. Flowers Buys Lloyd’s Brokers SSL and Endeavour; Two Agree to Merge May 18, 2018 By Andrew G. Simpson Lloyd’s and independent specialist marine broker SSL Insurance Group has agreed to merge with fellow Lloyd’s broker and delegated authority...
Lloyd’s Ends Ties with NRA Insurance Programs May 10, 2018 By Andrew G. Simpson Lloyd’s of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA)...
Nationwide Ventures Backs Drone Data Startup Betterview May 9, 2018 By Andrew G. Simpson Nationwide has made an investment in Betterview, a machine learning insurtech startup that focuses on analyzing data from drones, satellite...
Flood, Tax Relief, Cyber Security: Risk Managers’ View on the Political Turmoil in Washington May 7, 2018 By Andrew G. Simpson Congress is headed for a “major showdown” over the flood insurance program, according to an insurance broker lobbyist who notes...
New York Fines Lockton Over NRA Insurance; Continues Probe of Other Players May 3, 2018 By Andrew G. Simpson Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New...
The Hartford Reports Big Profit Gain in Q1; Record New Commercial Business May 2, 2018 By Andrew G. Simpson The Hartford reported a big rise in net income for the 2018 first quarter, crediting improved overall underwriting results, lower...