October 18, 2017
Ironshore Hong Kong has introduced a specialty professional lines product that offers protection for after-the-event legal expenses following commercial litigation. Ironshore’s After-the-Event Legal Expenses product provides insurance against adverse costs awards, Ironshore explained. The coverage, which is standardized within the …
October 18, 2017
ZTO Express (Cayman) Inc., a Shanghai, China-based express delivery company, announced it has joined a seven-member consortium of its peers to set up a logistics insurer. ZTO said the insurer is being launched to fill the gaps that are not …
October 18, 2017
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd’s, with 2016 global gross written premiums of $6 billion. The $611.5 million …
October 18, 2017
The Hilb Group LLC (THG), a property and casualty insurance and employee benefits broker, has acquired CNC Insurance Associates Inc. (CNC). The transaction became effective October 1, 2017. CNC is THG’s 38th acquisition since it was founded in 2009. Founded …
October 18, 2017
The New York Department of Financial Services (DFS) has finalized two new regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These regulations, which are the culmination of efforts by DFS to reform …
October 18, 2017
Newport Beach, Calif.-based Alliant Insurance Services has named Sal Moranato a senior vice president and pharmacy practice lead in its pharmacy consulting practice. Morana has nearly 25 years of pharmacy practice and industry experience. Morana was a consultant in the …
October 18, 2017
Cyber security watchdogs and researchers are issuing warnings over risks associated with a widely used system for securing Wi-Fi communications after the discovery of a flaw that could allow hackers to read information thought to be encrypted, or infect websites …
October 18, 2017
Argo Group International Holdings Ltd. and Aspen Insurance Holdings Ltd. have issued their third quarter catastrophe loss estimates, primarily related to Hurricanes Harvey, Irma and Maria as well as the earthquakes in Mexico City. Argo, the Bermuda-based specialty insurance and …
October 18, 2017
Risk Cooperative, a specialized insurance and risk advisory firm, has been approved as a Lloyd’s coverholder giving it the ability to provide up to $10 million in stand-alone cyber insurance coverage. Risk Cooperative can now offer middle market customers and …
October 18, 2017
Authorities are investigating a series of fires in an Alabama town, including one that damaged a historic former school building. The Selma Times-Journal reports that as many as five fires were reported in the city’s downtown area on Saturday night. …