Alternative Capital Up 12%, Traditional Reinsurance Drops 4% in 2015: Aon Report April 6, 2016 Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72...
Hospitals Warned on Surge in Ransomware Attacks April 6, 2016 By Jim Finkle U.S. hospitals should brace for a surge in “ransomware” attacks by cyber criminals who infect and shut down computer networks,...
PartnerRe Names Former EXOR Managing Director, Bonaccorso, as CFO April 6, 2016 PartnerRe Ltd. announced that Mario Bonaccorso, formerly managing director at EXOR SpA, has been appointed chief financial officer, subject to...
‘Brexit’ May Threaten UK Shipping, Marine Insurance Sectors April 6, 2016 By Jonathan Saul If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get...
Anbang Insurance to Acquire Allianz’s South Korea Operations April 6, 2016 Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week,...
Talbot & Markel Offer D&O Facility in MEA Region with Per-Risk Capacity of $30M April 6, 2016 Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has joined forces with specialist insurer Markel International to...
Patriot National Launches Online Risk Management Marketplace April 6, 2016 Patriot Risk Consultants (PRC), a subsidiary of Patriot National, Inc. has launched PN BidExpert, an online marketplace to connect underwriters...
Georgia-Based Trinity Underwriting Managers Hires Finley as Senior Broker April 6, 2016 Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, has hired Bonita Finley as a senior transportation broker. Finley will...
Apartment Fire in West Virginia Displaces 100 Residents April 6, 2016 Fire officials have confirmed that smoke detectors inside a Huntington apartment complex didn’t go off when the building caught fire,...
Florida Approves Removal of up to 19K Policies from Citizens April 6, 2016 The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 19,535 personal residential policies from Citizens...