MS Amlin Underwriting Fined $11 Million for Risk Management Failings October 20, 2022 The Bank of England said on Thursday it had fined insurer MS Amlin Underwriting Ltd (MSAUL) 9.695 million pounds ($10.84...
Update: Specialty MGA UK Launches to Boost Insurance Capacity Across All Territories October 20, 2022 A new managing general agent has launched in London called “Specialty MGA UK,” which is focusing on providing additional capacity...
Legacy Specialist Compre Acquires Covéa’s MedMal Subsidiary October 20, 2022 Compre, the Bermuda headquartered legacy group, announced it has signed agreements to acquire the Irish subsidiary of Covéa, Medical Insurance...
Corporate Climate Disclosures Jump Again in 2022 — But Many Fail to Respond October 20, 2022 Companies worth half of total global market capitalization are now disclosing environmental data after a 42% year-on-year rise in the...
Cybersecurity Firm OutThink Raises $10M to Tackle Human Errors Behind Data Breaches October 20, 2022 By Juliette Portala London-based cybersecurity company OutThink has raised $10 million in early-stage investments backed by venture capital firm AlbionVC, it said on...
Pakistan’s Catastrophic Flood Damage Estimated to Cost $40 Billion: Officials October 20, 2022 By Faseeh Mangi The damage from this summer’s catastrophic flooding in Pakistan is now estimated at $40 billion, as much as 25% higher...
Insurers Increasingly Withdraw From Fossil Fuel Projects: Climate Activists’ Report October 20, 2022 Insurance companies that have long said they’ll cover anything, at the right price, are increasingly ruling out fossil fuel projects...
Australia’s No. 1 Health Insurer Confirms Massive Data Breach, Theft of Patient Details October 20, 2022 By Byron Kaye Australia’s biggest health insurer said on Thursday a criminal had apparently stolen customers’ medical information as part of a massive...
Arch Capital Estimates Q3 Catastrophe Losses Could Hit $560 Million October 19, 2022 Arch Capital Group Ltd., the Bermuda-based re/insurer, reports that its 2022 third quarter results will be negatively affected by claims...
Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M October 19, 2022 Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of...