StarStone, the global specialty insurer, has launched a casualty consortium targeted at the Australian and New Zealand markets. The consortium is led by StarStone’s Mark Hunt and has begun underwriting business. StarStone’s Lloyd’s coverholder in Australia – StarStone Underwriting Australia …
Capsicum Re, the London-based specialist reinsurance broker, announced two new hires to its cyber division. Jasper Goring joins as a cyber broker and Prab Naidu was appointed as wordings director, both with immediate effect. They are based in London reporting …
Cyber criminals hacked the systems of India’s Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over the weekend, the bank has told police. The co-operative bank said unidentified hackers stole customer …
South Korea’s government will tell owners of some BMW AG cars in the country to keep the vehicles off the roads until the German carmaker completes safety checks to address a defect after reports of nearly 40 cases of fire …
The risk of a no-deal Brexit has been increasing and the European Union commission needs to change its attitude if a deal is to be reached, British foreign minister Jeremy Hunt said on Tuesday. “Everyone needs to prepare for the …
Tower Hill Specialty, a managing general agency based in Ohio, has begun offering property insurance policies in Georgia, Indiana, Ohio, Texas and Wisconsin. The company, which offers property insurance for homeowners, niche risks including seasonal and rental homes, fixer-uppers, manufactured …
Drug overdose deaths in Kentucky are increasing despite a drop in opioid prescriptions and heroin use. A new report from the Kentucky Office of Drug Control Policy says 1,565 people died from drug overdoses in 2017. That’s an 11.5 percent …
Exxon Mobil Corp. must face a lawsuit by investors who blamed a drop in the company’s shares on the disclosure that regulators were scrutinizing its reserve accounting related to climate change. U.S. District Judge Ed Kinkeade on Tuesday denied Exxon’s …
Imagine there’s a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel idea of creating a trading platform run by …
A Mississippi woman is making a federal case out of a life-threatening bout with salmonella that she blames on Goldfish crackers. The Clarion Ledger reported Friday that 26-year-old Bailey Finch is accusing Pepperidge Farm and one of its manufacturers of …
