Taiwanese state-owned energy company CPC said diesel production would be hit at its refinery in the northwestern city of Taoyuan after an explosion at the site on Monday morning, but added that there were no reports of injury. The accident, …
The insurance linked securities (ILS) sector is set for another year of growth as the market recovers from 2017’s natural disasters, replaces lost capital and investors show mounting interest in ILS products. These are the findings of the latest quarterly …
Chubb announced the launch of a new Agency Management and Underwriting unit in Singapore. This dedicated unit will manage the strategic growth of the agency distribution channel as well as its specific underwriting and service needs. Two new appointments have …
Bermuda-based Artex announced the creation of Artex Risk Solutions (Singapore) Pte Ltd., its first office in the region, which will oversee the growth and development of Artex’s Asia Pacific captive and risk solutions strategy. Vic Pannuzzo has been hired as …
PERILS AG has raised the loss estimate for windstorm Herwart which hit Austria and Germany on Oct. 29, 2017 to €255 million ($316.9 million). This compares to the initial loss estimate of €252 million ($313.2 million) which was issued on …
When the co-founder of a London communications group was invited to pitch for business with a Wall Street firm last November, the offer came with an unusual demand. The document explained that 15 percent of the scorecard for the pitch …
Cannasure Insurance Services (Cannasure), a managing general agent and wholesale broker specializing in cannabis insurance, and based in Cleveland, Ohio, has hired Kieran O’Rourke to lead its MGA underwriting platform. O’Rouke has more than 20 years property/casualty underwriting and senior …
The Louisiana Department of Insurance (LDI) helped consumers collect $9.1 million in payouts in 2017 in addition to the original amounts offered by insurance companies, Insurance Commissioner Jim Donelon says. The LDI said its Office of Consumer Services reviews consumer …
Michigan Attorney General Bill Schuette lashed out at Michigan State University on Jan. 27 for allowing Larry Nassar to sexually abuse girls and women for years, and he took a shot at the school’s governing body. “I don’t need advice …
As Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: “I don’t know.” …
