EPIC launches pollution liability program for cannabis industry

EPIC subsidiary Greyling Insurance Brokerage & Risk Consulting has announced the first nationwide site pollution liability insurance program for the emerging cannabis industry.

Tue 5 Nov 2019

Channel’s Littley reemerges at DA Strategy

DA Strategy, a London-based delegated authority consultancy, has appointed former Channel Syndicate delegated underwriting head James Littley as associate.

Tue 5 Nov 2019

AdvantageGo’s Reinsurance Meeting, Baden-Baden 2019 Report

Tue 5 Nov 2019

D&O market “looking down the barrel” of #MeToo gun: Kennedys’ Boldon

Two years after the first #MeToo moment sparked a viral movement, Kennedys partner Jennifer Boldon said insurers are only starting to see the tip of the iceberg, as new indirect claims patterns emerge and bump up D&O pricing in the US and UK.

Tue 5 Nov 2019

Noonan steps down as StarStone chair

Enstar-owned StarStone has announced that Ed Noonan is stepping down as chairman and as a member of the group board.

Tue 5 Nov 2019

PRA warns London market (re)insurers on reserving levels

The UK’s Prudential Regulation Authority (PRA) warned today (5 November) that reserving deficiencies may be emerging in a number of longer-tail classes and warned that it will crack down on (re)insurers that are overlying optimistic in their reserving assumptions.

Tue 5 Nov 2019

Delek completes sale of insurer Phoenix to private equity firms

Israel’s Delek Group has completed the sale of a 32.5 percent stake in its insurer Phoenix Holdings for 1.57bn shekels ($446mn) to private equity firms Centerbridge Partners and Gallatin Point Capital.

Tue 5 Nov 2019

Can reputation be insured?

Tue 5 Nov 2019

BoE warns insurers to improve corporate culture

The Bank of England (BoE) has warned insurance CEOs to improve the workplace culture within their firms in the wake of revelations about sexual harassment and bullying within the insurance market.

Tue 5 Nov 2019

Swiss Re promotes Cordioli to reinsurance CFO

Swiss Re has named Claudia Cordioli as chief financial officer of its global reinsurance business, effective 1 February 2020.

Tue 5 Nov 2019

Lemonade challenges Deutsche Telekom over magenta trademark

Frankfurt-listed telecommunications giant Deutsche Telekom (DT) and New York-based insurtech Lemonade are engulfed in a legal battle over the colour pink.

Tue 5 Nov 2019

Ensurance adds underwriting duo

Construction and engineering MGA, and Lloyd’s coverholder, Ensurance has expanded its underwriting team with the addition of Brad Green as senior underwriter and Courtney Varney as underwriting assistant.

Tue 5 Nov 2019

Kemper Q3 beats on strong specialty insurance growth

Kemper has reported third quarter net operating income of $130.0mn, or $1.93 per diluted share, up from $104.5mn or $1.59 per diluted share in the same period.

Mon 4 Nov 2019

The Hartford beats as core income climbs 31%

The Hartford comfortably beat Wall Street forecasts for Q3 core earnings that included the first full quarter of results from its Navigators acquisition earlier this year.

Mon 4 Nov 2019

Palomar GWP up 66% in Q3 as quake cover demand surges

Palomar Holdings has reported a 65.6 percent increase in gross written premiums in the third quarter, to $66.2mn from $40.0mn, driven by strong growth in both earthquake and non-earthquake products.

Mon 4 Nov 2019

Swiss Re’s CorSo on course to grow premiums in 2019 despite portfolio cutbacks

Swiss Re’s CFO has revealed that its troubled Corporate Solutions unit will likely grow net premiums for the full-year 2019 despite the drastic portfolio retrenchment announced earlier this year, 65 percent of which will be done in 2020. 

Mon 4 Nov 2019