Breaking News
Marsh’s Spore jumps ship to Lockton Re
News | by Bernard Goyder | January 17, 2020
Lockton Re is targeting $400mn in annual reinsurance revenue by the time the business is up to scale.
Clyde & Co retained by insurers to handle Iran crash claims
News | by John Hewitt Jones | January 17, 2020
Sources said carriers will likely need OFAC approval to make liability payments to Iranian families.
FM Global names Galloway as international head
News | by Rachel Dalton | January 17, 2020
Gerry Alonso is also promoted to division manager of middle-market property business AFM.
Mercury issues $36mn Q4 cat loss estimate
News | by John Hewitt Jones | January 16, 2020
No loss was large enough to breach the per-occurrence limits of the carrier’s reinsurance treaties.
Winklevoss twins launch cryptocurrency captive insurer
News | by John Hewitt Jones | January 16, 2020
Aon will manage the captive, while Marsh is placing excess insurance for the digital currency platform.
Flood and earthquake insurance take-up ‘unacceptable’: Fema official
News | by Bernard Goyder | January 16, 2020
Fema deputy administrator for resilience Daniel Kaniewski said it could be argued the agency created a “moral hazard.”
Chubb hits back at Target in payment card claim dispute
News | by Christie Smythe | January 16, 2020
The lawsuit over $74mn in losses from a 2013 data breach is closely-watched by the cyber insurance market.
Public D&O rates rise significantly in Q3: Aon
News | by John Hewitt Jones | January 16, 2020
Rate hikes imposed on three large corporate accounts had a major impact on the broker’s quarterly index.