RCM&D, an independent risk management, insurance and employee benefits firm, has hired Matthew Kahn as the new Commercial Division director. Kahn will be working alongside current Commercial Division Director Bill Kable to lead the firm’s largest operating division, representing thousands …
Initial insured property claims estimate for the Australian east coast low event, which hit the Australian east coast states of New South Wales and Queensland between Feb. 5-13, 2020, is estimated at A$794 million (US$488.3 million), according to PERILS, the …
Channel Syndicate, which is backed by reinsurer SCOR, has appointed Caroline Coulson as a senior underwriter on the political and credit risks team within SCOR Specialty Insurance, effective immediately. Coulson started on March 23 and will report to Kade Spears, …
Catalina Holdings (Bermuda) Ltd., the legacy re/insurance acquisition specialist, announced it has completed the acquisition of Asia Capital Reinsurance Group Pte. Ltd. (ACR), a Singapore-headquartered reinsurance business. Following regulatory approval from the Monetary Authority of Singapore and Bank Negara Malaysia, …
QBE released its 2019 full year results on Feb. 17, 2020, which included an outlook statement that included combined operating ratio and net investment return targets for the 12 months ended Dec. 31, 2020. However, QBE has decided to withdraw …
CAC Specialty has named Robert Trinkleback leader of property/casualty loss control, and Jonathan Goodier vice president and property/casualty claims advocate in Denver, Colo. Trinkleback will help clients improve workplace safety while increasing productivity and reducing costs related to property, workers’ …
Connecticut Insurance Department Commissioner Andrew N. Mais has called on insurers to immediately institute an extension of coverage for personal delivery drivers in light of the disruption caused by the COVID-19 pandemic. “The emergency social distancing and closing of restaurants …
A fire caused about $80,000 worth of damage on Wednesday to a New Hampshire restaurant that’s a popular campaign trail stop for candidates in the first-in-the-nation presidential primary state. WMUR-TV reports fire crews responded to the Puritan Backroom shortly after …
A New York City subway driver was killed and several other people were injured early Friday in a fire on a train that is being investigated as a crime, officials said. Fires were reported at three other stations nearby at …
The initial insured property loss estimate for Europe’s extratropical cyclone “Victoria,” also known as “Dennis,” is an estimated €286 million (US$318.4 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The event affected the British …
