All News articles – Page 135
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NewsPen Underwriting strikes capacity deal with Zurich for hazardous goods and tanker transportation
MGA Pen Underwriting has confirmed a five-year capacity deal with insurer Zurich for its hazardous goods and environmental industries’ motor fleet proposition.
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NewsQuarter of a billion worth of claimant damages stuck in litigation process – Zurich
Road traffic accident claimants are having to wait for more than a year before being heard in court, finds the insurer’s analysis
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NewsGroup Ark Insurance has been assigned a financial strength rating of A (Excellent) by AM Best
AM Best said: “The ratings reflect Ark’s consolidated balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management, and are based on the group’s five-year business plan.
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People & OpinionActive Underwriter of QBE Syndicate 386 to retire
David Harries, Active Underwriter of QBE Syndicate 386 and Head of Financial Lines will be stepping down as part of a long-planned retirement.
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People & OpinionGrandisson elected chairman of Abir
Marc Grandisson has been elected chairman of the Association of Bermuda Insurers and Reinsurers. He succeeds Albert Benchimol.
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NewsCharles Taylor expands U.S. TPA and IMS through acquisition of Aegis Corporation
Aegis provides risk pools and self-insureds with customized insurance and claims management programs focused on the unique needs of public entities and municipal organisations.
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NewsBulgaria’s Power Distribution North signs 3.5 mln euro deal with Generali Insurance
Power Distribution North operates 26 power substations and power lines with a total length of over 43,000 km over a territory of nearly 30,000 sq m in northeastern Bulgaria.
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NewsAnaCap makes growth investment in German insurance broker MRH Trowe
Mid-market private equity investor AnaCap Financial Partners (AnaCap) has made a significant growth investment into MRH Trowe (MRHT), an owner managed top-10 commercial lines insurance broker in Germany.
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NewsPeter Cullum backed broker duo to form Manchester ‘powerhouse’
The two brokers are currently in talks about another local broker joining the business as part of its growth plans
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NewsNew Dawn Risk warns of pressures on commercial SME buyers and newer products
New Dawn Risk’s chief executive gives his predictions for insurance consumer confidence as the UK is plunged into lockdown yet again
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NewsMusic lobby group calls on government to underwrite festival insurance schemes
UK Music is urging the government to underwrite festival insurance schemes like the support it gave the film and TV industry.
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People & OpinionMarkel hires Trevor Gandy to lead talent, diversity, and inclusion initiatives
Markel Corporation (NYSE: MKL) announced today that Trevor Gandy has joined the company as Managing Director, Talent, Diversity and Inclusion, effective January 1, 2021. In this new role, Gandy will further shape the company’s diversity, equity, and inclusion strategy for its global workforce. He will work closely with the company’s ...
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NewsMS Amlin Underwriting launches Phoenix 1 Re
Phoenix 1 Re Pte. Ltd. is the landmark first locally issued ILS to provide capacity to a local cedant, solely focused on the Pan-Asia region.
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NewsGCC Secretary General welcomes reopening of Saudi Arabia-Qatar airspace
GCC Secretary General Dr. Nayef Mubarak Al Hajraf has welcomed the reopening of airspace and land and sea borders between Saudi Arabia and Qatar, announced by Sheikh Ahmad Nasser Al Sabah, Kuwaiti Foreign Minister.
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NewsBreakthrough reached in Gulf dispute with Qatar
The development is the latest in a series of Middle East deals sought by Washington - the others involving Israel and Arab states - aimed at building a united front against Iran.
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NewsNetwork boosts Lloyd’s and London market offering for its brokers
Network specialist Compass London Markets has joined forces with wholesaler Bishopsgate, meaning its brokers will enjoy an improved offering to Lloyd’s and London market.
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NewsThe Journal, 3rd edition: Construction Risk
StrategicRISK and Swiss Re Corporate Solutions launch the third edition of The Journal examining construction risk
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NewsRate movements moderated by availability of capacity - Guy Carpenter
Price increases at the January 1, 2021 reinsurance renewals were moderated compared to initial expectations by abundant capital levels and an increased willingness on the part of reinsurers to deploy capacity in several sectors, according to Guy Carpenter.
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NewsInsurer Santam accepts liability for some rejected COVID-19 claims
South African insurer Santam will begin assessing payouts for some previously rejected coronavirus-related claims after recent court judgments on such cases but still intends to challenge one finding against it. Like other insurers around the world, Santam had rejected some business interruption claims related to coronavirus lockdowns. While it said ...
