Carriers See Growth Ahead in Specialty Insurance Program Market: Survey July 16, 2015 The outlook is good for the specialty insurance program market, with carriers looking more favorably on smaller accounts, single state...
Senate Panel Makes U-Turn on Rentals of Recalled Vehicles July 16, 2015 By Jeff Plungis A Senate panel killed a proposal to permit companies to continue renting vehicles that have been recalled, a measure criticized...
QBE Selling Lender-Placed Insurance Business for $90M July 16, 2015 By Narayanan Somasundaram and Noah Buhayar QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, agreed to sell its North American mortgage and lender services...
Update: AXIS Capital, PartnerRe Sweeten Deal with Higher Special Dividend July 16, 2015 By Ankur Banerjee and Sudarshan Varadhan Specialty insurer and reinsurer AXIS Capital Holdings Ltd and PartnerRe Ltd agreed to sweeten the terms of their merger agreement...
Ex-Oppenheimer Exec Gets Jail Time for Role in Oklahoma Insurer Fraud July 16, 2015 By Bob Van Voris A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a...
Cobalt Secures Major Property Portfolio for 90 North through Lockton July 16, 2015 Cobalt Underwriting, the London insurance market’s first Shariah compliant underwriting agency, announced that it has secured a major property portfolio...
Aerospace Underwriters Analyze Potential Liability from Growing Use of 3-D Printers July 16, 2015 The International Union of Aerospace Insurers (IUAI) held its annual general meeting (AGM) in Bengaluru, India, which included a session...
Q2 Cat Bonds Issuance Nearly $3 Billion: Aon Securities Report July 16, 2015 Aon Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has released its latest report...
AIR Estimates Typhoon Chan-hom Insured Losses Less than $354 Million July 16, 2015 According to catastrophe modeling firm AIR Worldwide, insured losses in China from Typhoon Chan-hom are unlikely to exceed CNY 2.2...
Willis to Acquire PMI Health Group, UK-Based Healthcare Adviser & Broker July 16, 2015 Willis Group Holdings plc announced an agreement to acquire PMI Health Group (PMIHG), an independent healthcare adviser and broker in...