Humberto Strengthens into 3rd Atlantic Hurricane of 2019, Heading to Bermuda September 16, 2019 By L.S. Howard Tropical storm Humberto has now intensified into the third Atlantic hurricane of 2019 with top sustained winds of 75 mph,...
U.K. Insurer RSA Merges Commercial Risk Solutions, Global Risk Solutions Businesses September 12, 2019 By L.S. Howard RSA UK & International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a...
3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures September 10, 2019 By L.S. Howard Although the insurance market is awash with capacity and competition, two new specialty companies—a re/insurer and a broker—formed earlier this...
New Specialty Broker McGill & Partners Forms U.S. Subsidiary August 29, 2019 By L.S. Howard The new London-based insurance broker, McGill & Partners, is forming a Delaware-based subsidiary and is obtaining U.S. licenses to operate,...
While Ships in Persian Gulf Turn Off Transponders to Avoid Seizure, Collision Risks Rise August 2, 2019 By L.S. Howard Following weeks of mounting tensions in the Persian Gulf where vessels have been attacked and an oil tanker has been...
Markel Puts CATCo into Run-Off and Launches New Retrocessional ILS Platform July 26, 2019 By L.S. Howard Markel Corp. announced it is putting its Bermuda insurance linked securities unit, Markel CATCo, into run-off at the same time...
By Taming Big Data with AI, Cytora Aims to Transform Commercial Underwriting July 17, 2019 By L.S. Howard It is an insurtech startup operating an artificial intelligence-powered platform that aims to transform commercial insurance underwriting. While the goal...
Keep It Simple, Grow Trust for Future Success, Say UK Insurance Executives July 16, 2019 By L.S. Howard The insurance industry is facing a complicated cocktail of massive political and economic uncertainty, climate risks, huge shifts in technology...
New York-Based Broker NFP Buys Toronto’s McLean Hallmark Insurance Group July 12, 2019 By L.S. Howard New York City-based insurance broker and consultant NFP announced it has acquired Canadian broker McLean Hallmark Insurance Group Ltd. Financial...
Pushing and Pulling Lloyd’s Into the 21st Century July 10, 2019 By L.S. Howard Twenty-five years ago, the Lloyd’s of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars...