The Bermuda-based Hamilton Insurance Group has completed the acquisition of Sportscover Underwriting Limited, the Lloyd’s managing agent for Syndicate 3334, and Kinetic Insurance Brokers Limited, a Lloyd’s insurance broker. Hamilton also announced that former CEO of Torus’ International Operations, Dermot …
“The urgent – and ever increasing – need for change across the reinsurance industry as it forms a new paradigm” is the subject discussed in Willis Re’s latest “1st View” renewals report. The report, published three times a year, highlights …
Allied World Assurance Company Holdings, AG announced that it has completed the acquisitions of the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA), following the receipt of all necessary regulatory and court approvals. The acquisitions, …
Catastrophe insurance data provider PERILS AG announced the release of the 2015 update for its Industry Exposure Database (IED), “contains updated market-wide property sums insured for European windstorm for the following eleven countries: Belgium, Denmark, France, Germany, Ireland, Luxembourg, the …
Catlin Group Limited announced that its subsidiary, Catlin Insurance Company Ltd. (CICL), “has completed the sale of its investment in Box Innovation Group Limited (‘BIGL’, trading as ‘insurethebox’) to Aioi Nissay Dowa Insurance Company of Europe Limited (‘Aioi’).” Catlin’s announcement …
Colorado-based natural disaster recovery specialist ICAT announced that Lloyd’s of London has granted approval of Special Purpose Syndicate 6123 to further expand ICAT’s per risk capacity. Subject to completion of the application, the new SPS will go live on May …
The Philippines placed its military on its highest alert level and asked millions of people heading to beach resorts for Easter holidays to prepare for Super Typhoon Maysak, a category-5 storm expected to hit land on April 4. Maysak was …
What does it cost to miss a deadline? For the company that makes the prescription painkiller Oxycontin, the answer could be more than $1 billion. Kentucky is suing Purdue Pharma on claims that the company misrepresented its prescription painkiller, resulting …
Jackson, Miss., Mayor Tony Yarber has signed an emergency declaration for Jackson’s infrastructure system. The Clarion-Ledger reports the state of emergency declared last week allows leeway in the bidding process with purchasing, engineering and other work and may lead to …
Wisconsin lawmakers have introduced a bill that would impose statewide regulations on online ride-sharing companies such as Uber and Lyft. The measure would require companies to apply for a $5,000 state license and carry $1 million in commercial insurance for …
