All News articles – Page 134
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NewsPen Underwriting extends 30 year partnership with Zurich in new specialist fleet capacity deal
Pen Underwriting and Zurich Insurance UK have announced a new long-term UK capacity deal in the highly specialist area of hazardous industries and tanker transportation.
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People & OpinionNick Foden-Pattinson named president of Price Forbes Bermuda
Insurance executive Nick Foden-Pattinson has been appointed to a dual role by Ardonagh Specialty, part of the UK insurance intermediary Ardonagh Group.
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NewsNassau Financial Group announces $100 Million strategic investment from Wilton Re and Stone Point Credit
Nassau intends to use the new capital to execute on its organic growth plans across its insurance and asset management businesses as well as to support strategic acquisitions.
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NewsQatar insurance sector stands to gain from tourism, realty boost: S&P
’The restoration of ties between Qatar and the four Arab countries previously boycotting the country will improve political and economic co-operation within the GCC region,” the credit rating agency said.
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NewsQBE hikes catastrophe allowance by 24% after extreme weather
Premiums could rise after insurer QBE increased its allowance for catastrophic weather claims by almost a quarter following a year of unprecedented weather events in Australia and the United States.
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NewsNorway Landslide Insurance Bill Tops $100 Million
Insurance companies face costs of at least 900 million Norwegian kroner ($107 million) following the tragic landslide in Eastern Norway that is believed to have claimed ten lives.
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NewsIndonesia says divers closing in on black boxes from crashed jet
The Boeing 737-500 jet was headed on a domestic flight to Pontianak on Borneo island, about 740 km (460 miles) from Jakarta, before it disappeared from radar screens four minutes after take-off and crashed into the Java sea.
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NewsTravel insurance sector set to face more upheaval in 2021 warns IPP boss
The uncertainty that has accompanied the Covid-19 pandemic has put the travel industry into a huge amount of debt, and it could get a lot worse
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NewsDARAG announces reinsurance agreement with US retailer
DARAG Group (“DARAG”) announces the conclusion of a transaction with a major US retailer to provide finality to its legacy workers compensation liabilities. The transaction was conducted through one of DARAG North America’s insurance entities. Tom Booth, CEO of DARAG Group, said: “This transaction demonstrates DARAG’s ambitions in the ...
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People & OpinionTom Williams joins Markel as Environmental Product Line Leader
Markel Corporation (NYSE: MKL) announced today that Tom Williams has joined the company as Environmental Product Line Leader. He will lead the environmental team for the Markel Specialty division.
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NewsU.S. taxpayers to pay Capitol siege tab as government shuns insurance
Taxpayers will pay for damages because federal agencies rarely carry insurance, industry and policy sources said. “Taxpayers will be on the hook for repairs to the Capitol,” said Stephen Ellis, president of Taxpayers for Common Sense, a U.S. budget watchdog group.
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NewsHowden Group Holdings launches Howden Capital Markets (“HCM”) - the Group’s capital markets advisory practice
HCM is a new capital markets adviser with a clear ambition to develop innovative products to service clients, markets and investors.
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NewsNewly launched broker led by ex-Marsh director generates £500,000 GWP during first three months
The new broker has appointed a series of ’insurance heavyweights’ and entrepreneurs; it hopes to expand further in the coming months
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NewsEU may ask too high a price for financial services trade, Bank of England warns
Bailey said between 5,000 and 7,000 financial services jobs had already left Britain for the EU - fewer than some forecasters had feared, though the process was not over.
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NewsUp to 4,000 financial firms could fail due to COVID, says UK regulator
The FCA surveyed 23,000 financial firms to check on their resilience to COVID-19, which last year triggered Britain’s worst economic downturn in 300 years.
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NewsBroker pair form London Re in joint venture
With Brexit underway, the creation of London Re is aimed at directly serving clients in the European Union
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NewsNatural disasters cause $210 billion in damage in 2020 - Munich Re
Overall, the uninsured portion of natural disaster losses in 2020 was around 60%
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NewsCOVID-19 tops travel risks for 2021
Violent crime, political instability, severe natural disasters and social unrest are among the other threats to companies and their staff
