JLT Specialty USA has appointed David Turner as vice president in its Financial Institutions Practice in New York. The firm is a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), a specialty-focused provider of insurance, reinsurance and employee benefits …
While China’s fintech boom continues unabated, another fast-growing phenomenon has gone almost unnoticed — so-called insurtech, the latest industry to be spawned by the intersection of online finance and the world’s biggest army of internet shoppers. Even as Chinese regulators …
London-based Brit Ltd. said it has renewed and expanded the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer, Versutus Ltd., in support of Brit’s property treaty portfolio for 2017. The special purpose insurer will be capitalised at …
Compre, the London-based legacy specialist, announced it has agreed to acquire all of the insurance and reinsurance business in run-off of the UK branch of AG Insurance SA for an undisclosed sum. The transaction is structured as a loss portfolio …
Randall & Quilter Investment Holdings Ltd. announced the novation of liabilities for policy years 2001 to 2011 from Arizona-domiciled PacWest Captive Insurance Company Inc. to the its segregated account company in Bermuda, R&Q Quest Ltd. PacWest was formed in 2001 …
Arch Insurance Group Inc. has named Matthew Parsons the regional vice president for its U.S. Construction division for the Western region. Parsons will be based in the company’s San Francisco, Calif. office and will be responsible for managing all aspects …
A potential solution to a troublesome sand shortage off Southeast Florida is tucked away in a massive water resources funding bill President Barack Obama signed into law last month. The 2016 Water Resources Development Act authorizes the Army Corps of …
Jim Justice’s businesses have responded to a lawsuit claiming the West Virginia governor-elect’s companies have not paid for $771,268 worth of flood cleanup work after the Greenbrier resort was hit by severe flooding last year. Lawyers representing Justice’s companies have …
Ascend Insurance Brokerage is expanding its presence with the opening of a new office in Nashville. The company has tapped Sara Anderson to head its new Nashville effort as assistant vice president of the company, expanding Ascend’s executive staff. Anderson …
The U.S. Senate will take its first steps toward repealing President Barack Obama’s signature healthcare reform act by the end of the week, Republican Senate Majority Leader Mitch McConnell said on Sunday. Speaking on CBS’s “Face the Nation,” McConnell said: …
