Search | The Insurer TV

News

M&A

AssuredPartners buys New York-based ENV

AssuredPartners has acquired ENV Property & Casualty, which is based in Liverpool, New York.

Fri 10 Jul 2020

Plaintiff slams CinFin’s attempt to bring Ohio Supreme Court into BI dispute

News

COVID-19

Plaintiff slams CinFin’s attempt to bring Ohio Supreme Court into BI dispute

A craft beer bar has opposed Cincinnati Financial asking an Ohio district court judge to let the state’s high court certify the question of whether the general presence of a virus constitutes direct physical loss to property.

Fri 10 Jul 2020

Podcast

QBE’s Pat Regan on Covid-19 impact and industry recovery: Part I

In our latest edition on The Best Policy, we are joined by Pat Regan - Group Chief Executive Officer of QBE Insurance Group Limited.

Thu 9 Jul 2020

NFP hires QBE’s Kim as financial institutions SVP

News

People Moves

NFP hires QBE’s Kim as financial institutions SVP

US insurance broker NFP has named Lauren Kim as senior vice president, working in its specialty financial institutions group as its legal and technical leader.

Thu 9 Jul 2020

Breckenridge makes aviation play with AssuredPartners hire

News

People Moves

Breckenridge makes aviation play with AssuredPartners hire

Breckenridge Insurance Services has made a move into the aviation market within its wholesale brokerage and binding operations after bringing in Kristopher Parsons from AssuredPartners Aerospace.

Thu 9 Jul 2020

AIG falls 6.2% on down day for most US (re)insurance stocks

News

Share price

AIG falls 6.2% on down day for most US (re)insurance stocks

Most US-listed (re)insurance share prices fell during trading on Thursday, led by a 6.2 percent drop for AIG, but Lemonade returned to an upwards trajectory with a 12.4 percent rise.

Thu 9 Jul 2020

News

People Moves

Dutt leaves RenaissanceRe Ventures

Aditya Dutt is leaving his position as senior vice president of Ventures at RenaissanceRe to “pursue a new opportunity” with the Bermudian reinsurer’s CEO Kevin O’Donnell assuming responsibility for the ILS and third party capital management unit on an interim basis.

Thu 9 Jul 2020

Mixed picture for US commercial rate changes in June: Ivans

News

Commercial auto

Mixed picture for US commercial rate changes in June: Ivans

The premium renewal rate change for US commercial lines was mixed in June with commercial auto and BOP showing lower increases than in May, according to the Ivans Index.

Thu 9 Jul 2020

News

Munich Re watching accumulations as Digital Partners continues investments

Despite pulling capacity from Hippo and Jetty, Munich Re remains committed to its Digital Partners platform amid a greater awareness of how quickly accumulations can mount across the broader group due to the rapid growth of some of its insurtech-focussed underwriting partnerships.

Thu 9 Jul 2020

Comment

Access to paper and alignment of interests

Cementing access to paper and demonstrating alignment of interests with (re)insurers has become increasingly important for MGAs and program administrators.

Thu 9 Jul 2020

News

Allstar secures Lloyd’s capacity for three states expansion on program

Allstar Underwriters is expanding its vacation rental program into three new states having secured capacity from Lloyd’s carriers including Hiscox and QBE, The Insurer has learned.

Thu 9 Jul 2020

Upsized Trisura Specialty targets business with larger wholesalers

News

Fronting carriers

Upsized Trisura Specialty targets business with larger wholesalers

US hybrid fronting carrier Trisura Specialty is aiming to access potential business from the wholesale broking giants of AmWINS, RT Specialty and CRC after its Canadian parent injected additional capital into the platform following a recent fundraise, The Insurer can reveal.

Thu 9 Jul 2020

June NA severe weather events cost insurers more than $2.5bn

News

Losses

June NA severe weather events cost insurers more than $2.5bn

Insured catastrophe losses from severe weather in June in the US could exceed $1.7bn while the Calgary hailstorm was one of Canada’s costliest severe convective storm events on record with more than $900mn of insured losses expected, according to analysis of the latest monthly figures from Aon.

Thu 9 Jul 2020

News

People Moves

LSM promotes O’Neill to commercial CUO

Liberty Specialty Markets (LSM) has promoted Melanie O’Neill to the role of chief underwriting officer, commercial, replacing Alan Telford who is retiring after 19 years with Liberty.

Thu 9 Jul 2020

News

People Moves

State Auto extends CEO contract

State Auto Financial and State Auto Mutual have added a year to the employment contract of president and CEO Mike LaRocco, taking the agreement through to the end of 2022.

Thu 9 Jul 2020

DC Council passes legislation extending BI claims

News

COVID-19

DC Council passes legislation extending BI claims

The Council of the District of Columbia has approved legislation for the tolling of all time periods for commercial insurance policyholders to file business interruption claims stemming from Covid-19.

Thu 9 Jul 2020