Moody’s Assigns First-Time A3 Rating to Fosun-Backed Peak Re June 16, 2020 Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with...
Vermont Governor Signs New Captive Insurance Industry Legislation June 16, 2020 Vermont Governor Phil Scott has signed new legislation that aims to strengthen Vermont’s captive insurance laws, increase efficiencies and add...
Allianz Global Corporate & Specialty Launches ‘Cyber Protect’ Product for UK Market June 16, 2020 Allianz Global Corporate & Specialty (AGCS) announced the launch of a new Allianz Cyber Protect product in the UK. AGCS,...
N.Y. AG Urges Apple, Google to Protect Consumers Using Contact Tracing Apps June 16, 2020 New York Attorney General Letitia James has urged Apple, maker of the iPhone, and Google, developer of the Android operating...
Woman Looks to Postpone Suit in New Hampshire Crash that Killed 7 Bikers June 16, 2020 A woman who lost her partner in a collision that killed seven motorcyclists last year in New Hampshire wants to...
CEO Watsa Buys US$149M of ‘Ridiculously Cheap’ Fairfax Shares June 16, 2020 Fairfax Financial Holdings Ltd. announced that Prem Watsa, its chair and CEO, has purchased in the market 482,600 subordinate voting...
Charles Taylor Taps Former AXA Executive Brown as Group CEO June 16, 2020 Charles Taylor, the London-based provider of services and technology solutions to the global insurance market, has appointed Rob Brown as...
Aon Expands Cyber Risk Assessment to Address Exposures of Remote Work June 16, 2020 Aon has expanded the scope of CyQu Enterprise, a cyber risk assessment methodology, to help analyze the cyber security impacts...
Amid COVID-19, Cyber Criminals Push Phishing, Ransomware Scams June 16, 2020 There was a 25% spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based...
Genstar Capital Exits Remaining Stake in Palomar in California June 15, 2020 Genstar Capital announced on Monday it has exited its remaining stake in specialty property insurer Palomar Holdings Inc. in La...