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Howden Acquires Forbes Insurance and Hill Aviation in UK Howden, the London-based global insurance intermediary group, announced the acquisition of aviation specialists Forbes Insurance Ltd., and the acquisition of the book of business from Hill Aviation Insurance Services Ltd. Financial details of the acquisitions were not disclosed. Forbes Insurance …
POSTED FEBRUARY 19, 2025 10:56 AM |
Casualty Reinsurance Still Attractive: Arch Capital CEO While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his company. Speaking during an earnings conference call on Feb. 10, after reporting $3.5 billion …
POSTED FEBRUARY 19, 2025 10:22 AM |
People Moves: Hamilton Global Specialty Promotes Thorp as Head of Space, Golder as Head of Treaty; QBE Europe Names Yebra as Senior U/W in Transactional Liability Team This edition of International People Moves details appointments at Hamilton Global Specialty and QBE European Operations. A summary of these new hires follows here. Hamilton Global Specialty Promotes Thorp as Head of Space, Golder as Head of Treaty Hamilton Global …
POSTED FEBRUARY 19, 2025 9:42 AM |
Markets/Coverages: Apollo Expands Into Drone Product Liability Cover Apollo, the London-based insurance group, announced they have expanded their offering into drone product liability. Apollo is providing the capacity for this product liability offering as part of an existing binder with Moonrock, the specialist managing general agent. Moonrock has …
POSTED FEBRUARY 19, 2025 9:11 AM |
Bain Capital Backs Israeli AI Cybersecurity Startup Dream at $1.1 Billion Valuation Dream, an artificial intelligence company that provides cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, has raised $100 million at a $1.1 billion valuation. Bain Capital Ventures led the round and was joined by investors …
POSTED FEBRUARY 19, 2025 8:54 AM |
Ex-PIMCO Executive to Run World’s First Catastrophe-Bond ETF Catastrophe bonds, whose returns have consistently trounced those of high-yield debt markets in recent years, are about to become accessible to a wider group of investors. An exchange-traded fund based on a portfolio of as many as 75 of the …
POSTED FEBRUARY 19, 2025 8:39 AM |
Viewpoint: Are Carriers and MGA’s Leaving Revenue on the Table? Insurance companies spend billions of dollars a year on advertising—and for good reason. With auto insurance mandated in nearly every state and home insurance required by mortgage lenders, insurance product providers are competing for the attention of almost every American. …
POSTED FEBRUARY 19, 2025 6:10 AM |
How to Operate in Today’s ‘Bananas’ Casualty Insurance World Leaders of the casualty insurance practices of a global insurance carrier and a North American specialty brokerage offered insights for insurance buyers and sellers to deal with today’s casualty insurance market during a webinar last week. Their main message was …
POSTED FEBRUARY 19, 2025 6:09 AM |
Harvey Weinstein Alleges Brother, Others Duped Him Over $45M Loan Jailed and disgraced movie mogul Harvey Weinstein alleges in a new lawsuit that his brother, Bob Weinstein, and other executives at their now-defunct film company duped him into guaranteeing a $45 million loan in 2016, but diverted funds for their …
POSTED FEBRUARY 19, 2025 6:03 AM |
Insurance to Cover Part of Tenn. City’s $28M Settlement Over Botched Rape Case (AP) — Leaders in Johnson City, Tennessee, have agreed Thursday to pay $28 million to settle a lawsuit that said police deliberately botched investigations into a suspect accused in civil cases of drugging and sexually assaulting dozens of women. If …
POSTED FEBRUARY 19, 2025 6:01 AM |
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