TransRe calls for urgent and substantial D&O price increases amid unprofitable market conditions
Reinsurer TransRe is urging immediate and material increases in US Public Directors & Officers (D&O) insurance pricing, warning that the current market remains unsustainable.
HCI grows TypTap reinsurance program at renewal
Florida-based insurtech HCI Group has laid out details of the reinsurance programs it secured for its insurance subsidiaries at the June renewals this year, which include significantly expanded coverage for TypTap Insurance Company (TypTap).
ABIR names Aspen CEO Mark Cloutier as Deputy Chair
Mark Cloutier, the Executive Chair and Group Chief Executive Officer (CEO) at insurer and reinsurer Aspen, takes over as First Deputy Chair of the Association of Bermuda Insurers and Reinsurers (ABIR) from Christopher Schaper.
Perspectives: How to avoid talking yourself out of your insurance coverage
Agents and Brokers, Current Issue, P/C Insurers
Atlas Insurance PCC receives UK branch authorization and life reinsurance license
Atlas Insurance PCC, Malta-based insurer and Protected Cell Company (PCC) in the EU, has obtained authorisation for its UK branch license and extended its non-life insurance and reinsurance license to encompass life reinsurance.
Brown & Brown CEO says economic outlook remains positive
Agents and Brokers, Auto liability, Financial Results, P/C Pricing, Property, Workers Comp Pricing Brown & Brown
NFP forms captive management arm
NFP, a property and casualty broker, has established NFP Captive Management (Alberta) Corp. and appointed two industry veterans in the captives and alternative risk space.
Definity to buy Travelers’ Canada operations for $2.4 billion
Mergers and Acquisitions, P/C Insurers Canada The Travelers Cos.
Cowbell partners with Zurich to add management liability coverage
Cyber Risks, D&O, E&O, Emerging Risks, Excess and Surplus Lines, P/C Insurers, Technology Zurich
QBE to drive EU expansion with branch in the Netherlands
Australian insurer and reinsurer, QBE Insurance Group Limited has announced plans to set up a branch in the Netherlands.
Cybersecurity, data privacy top concerns for middle-market business leaders
Agents and Brokers, Cyber Risks, Emerging Risks, Technology Marsh & McLennan
Monument Re acquires closed book portfolio from Zurich International Life
Monument Re, the life reinsurance and insurance holding company, has agreed to acquire the closed book portfolio of Zurich International Life Limited’s Singapore long term life insurance business.
Level of perceived cyber risk falls: Willis Towers Watson
Agents and Brokers, Cyber Risks, Emerging Risks, P/C Insurers, Property, Technology Willis Towers Watson