Hiscox appoints Jane Guyett as new Senior Independent Director
International specialist insurer Hiscox has appointed Jane Guyett to the role of Senior Independent Director with immediate effect.
Xenia names Steven Stennett as CEO
Xenia Broking Group Limited (XBGL), a Brown & Brown group company, has announced the appointment of Steven Stennett as Chief Executive Officer (CEO), taking over the role from Tim Coles.
HCI’s TypTap assumes $30m of in-force premium from Citizens
HCI has announced that its majority-owned subsidiary, TypTap Insurance Company, has successfully assumed approximately $30 million of in-force premium from Citizens Property Insurance Corporation, Florida’s state-backed insurance company.
Hamilton adds David Priebe and Karen Green to Board
Bermuda-domiciled insurer and reinsurer Hamilton Insurance Group has appointed David Priebe and Karen Green to its Board of Directors, effective May 15th, 2025.
Kalepa and AmRisc partner to advance AI-driven underwriting operations
Kalepa, a company specialising in AI-powered underwriting solutions, has entered into a partnership with AmRisc, a catastrophe-focused Managing General Agent (MGA) in the US, to scale AmRisc’s underwriting operations.
Weightmans buttresses its insurance team with Paul Hughes and Alice Wilson
UK law firm Weightmans has added two partners to its insurance team.
Vantage adds Steve Fales as SVP, Investor Relations in Partnership Capital Platform
Specialty insurer and reinsurer, Vantage Group Holdings Ltd., has appointed Steve Fales as Senior Vice President (SVP), Investor Relations, effective immediately.
AM Best upgrades credit ratings of Fairfax and Allied World Assurance
Credit rating agency AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) on the unsecured debt and preferred equity of Canadian financial holding company, Fairfax Financial Holdings Limited.
AM Best extends A- group rating to Hadron’s recently acquired GCNA
Credit rating agency AM Best has extended Hadron group’s Financial Strength Rating of A- (Excellent), Financial Size Category VIII, to The Guarantee Company of North America USA (GCNA).
Berkshire Hathaway fires back in COVID-19 coverage dispute
Claims Disputes, Coronavirus, Coverage Disputes, P/C Insurers, Property, Risk Management Berkshire Hathaway
ASX turns to Tata to replace Chess system
The Australian Securities Exchange (ASX) is planning to turn to a third party to replace its ageing clearing and settlement system.
Bermuda’s P&C re/insurance sector saw improved CoR and net income in 2023: BMA
Bermuda’s international Property and Casualty (P&C) re/insurance sector saw significant improvements in combined ratio and net income in 2023, driven by continued price improvements, stricter terms and conditions, limit and aggregation management, and favourable investment returns, according to the Bermuda Monetary Authority (BMA).
UPC Insurance to sell NFIP flood book of business to Wright Flood
United Property & Casualty Insurance Company (UPC Insurance) has agreed to sell to its flood insurance policy book to Wright National Flood Insurance Company – a leading provider of federal flood insurance.