Germany’s Green Vault Museum Finds It’s Uninsured for $1 Billion Theft of Jewels November 27, 2019 By Stefan Nicola A day after burglars made off with priceless jewels from a German museum, pressure is growing on police to find...
Digital MGA C-Quence Joins with Insurtech Cytora to Transform Mid-Market Insurance November 26, 2019 C-Quence, the digital managing general agent (MGA), and Cytora, the insurtech startup that operates an artificial intelligence-powered platform, are joining...
Online Scams Are Catching Newly Vulnerable Icelanders Unprepared November 26, 2019 By Egill Bjarnason “Hi, I hope you are not busy?” The treasurer of the Icelandic soccer club Afturelding got the email from his...
AXIS Capital’s Losses from Japan’s Typhoon Hagibis Estimated at $90M-$110M November 26, 2019 AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Japanese Typhoon Hagibis in the range of $90 million...
BHSI Taps Warrior, Formerly with Hiscox, as Head of D&O Underwriting, UK & Ireland November 26, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced that it has expanded its European team with the addition of Chris Warrior as...
Thieves Steal Priceless Items from Dresden’s Treasury Green Vault; Hiscox Comments November 26, 2019 Thieves have carried out a heist at Dresden’s Green Vault, one of the world’s oldest museum containing priceless treasures and...
AIG to Sell Most of Fortitude Re to Carlyle, T&D Holdings for $1.8 Billion November 26, 2019 American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese...
S&P Revises Qatar Insurance Outlook on Financial Risks from $308M Markerstudy Loan November 25, 2019 S&P Global Ratings said it revised its outlook on Qatar Insurance Co. S.A.Q. (QIC) to negative from stable, although it...
Westpac’s Money Laundering Breaches Gave ‘Free Pass to Pedophiles:’ Australia Official November 25, 2019 By Byron Kaye Australian Home Affairs Minister Peter Dutton said Westpac Banking Corp. must pay the price for giving “a free pass to...
Drzik, Marsh’s President, Global Risk and Digital, to Step Back From Full-Time Role November 25, 2019 Marsh, the insurance broker and risk adviser, announced that John Drzik, president, Global Risk and Digital (GR&D), will step back...