Australian Insurers Declare Catastrophe for Perth Hills Bushfires February 5, 2021 The Insurance Council of Australia (ICA) has declared a catastrophe for the Perth Hills bushfires which continue to burn north-east...
Ex-CNA Hardy Executive Brosnan Named CEO of W. R. Berkley Syndicate Management February 5, 2021 W. R. Berkley Corp. announced the appointment of David Brosnan as chief executive officer of W. R. Berkley Syndicate Management...
Vale Agrees to Pay Settlement of $7 Billion for Brazilian Mine Disaster in 2019 February 4, 2021 By James Attwood Vale SA reached a settlement agreement with Brazilian authorities for a dam collapse that killed 270 people and led to...
Property Catastrophe Bond Placement Reaches Record in 2020 and Q4: Aon February 4, 2021 Approximately $11 billion of property catastrophe bond limit was placed in 2020, the highest on record, according to a new...
Quotech and Tenefit Form Partnership to Expand Industry’s Global Risk Intelligence February 4, 2021 Quotech and Tenefit have announced a new partnership to bring new peril and loss-event data into insurance-market systems in real...
Hiscox Appoints Flaquet to Newly Created Role of Chief Transformation Officer February 4, 2021 Hiscox Ltd., the international specialist insurer, announced the appointment of Stéphane Flaquet, who currently serves as CEO of Hiscox Europe,...
Applied Underwriters to Acquire UK Yacht Insurance MGA, Concept Special Risks February 4, 2021 Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a...
Mosaic Launches Bermuda-Based Specialty Insurer, Along with Lloyd’s Syndicate 1609 February 4, 2021 Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a...
Commercial Insurance Prices Rose 22% in Q4, but Some Lines Began to Plateau: Marsh February 4, 2021 Global commercial insurance prices increased 22% in the fourth quarter of 2020, according to the Global Insurance Market Index released...
Olympic Officials Unveil Rules on Masks, Singing, Transport for COVID-19 Games February 3, 2021 By Jack Tarrant and Sakura Murakami Olympic officials on Wednesday unveiled the first of many COVID-19 rules for the Tokyo Games this summer, banning singing and...