SRS hires Vermont captive leader for compliance role
Alternative Risk Transfer/Captives, P/C Insurers
Travelers scores victory in COVID-19 business interruption case
Claims Disputes, Coronavirus, Coverage Disputes, P/C Insurers, Property, Risk Management The Travelers Cos.
One80 expands reinsurance offering with MGU Waypoint acquisition
Specialty insurance broker One80 Intermediaries has acquired Waypoint Underwriting Management, LLC., a specialty reinsurance Managing General Underwriter (MGU) operating primarily in the United States. Terms of the deal were not disclosed.
Fairmatic names Jim Hinchley President of Insurance to accelerates growth
Insurtech Fairmatic has appointed Jim Hinchley as President of Insurance to drive growth and “bring innovative new insurance products” to market.
Risk Strategies appoints national property practice leader
Agents and Brokers, Aviation, Property, Technology Arthur J. Gallagher & Co., Willis Towers Watson
Proponents push for TRIA renewal
Disaster Management, Excess and Surplus Lines, P/C Insurers, P/C Legislation and Regulation, Property, Regulation, Reinsurance, Terrorism
Koffie Insurance raises $11 million to drive expansion and growth
Koffie Insurance, an insurtech that focuses on providing financial services to the trucking and transportation sector, has announced the closing of an $11 million Series A, which now brings the company’s total funding to date to $15.5 million.
Global insured cat losses in 2019 estimated at $56B: Swiss Re
Catastrophes, Disaster Management, P/C Insurers, Property Japan Swiss Re
AM Best maintains stable outlook for Chile’s insurance industry amid regulatory advancements
AM Best, the credit rating agency, has reaffirmed its stable outlook for Chile’s insurance market, attributing its assessment to continued growth in premiums, consistent profitability, and a more robust regulatory framework.
Below-average typhoon activity forecast for Northwest Pacific
Analysts at Tropical Storm Risks (TSR), an insurance and reinsurance industry supported team of forecasters, are predicting that this year’s Northwest Pacific typhoon season will be about 20% less active than the 30-year norm.
Black Sea shipping traffic slowing after Russia, Ukraine warnings
Emerging Risks, Marine, P/C Insurers Central & Eastern Europe, Russia
Scalable Capital closes on €60 million equity financing round
Digital wealth management platform and online broker Scalable Capital has sealed a €60 million equity financing round.