Content from Andrew Simpson
Hanover Insurance Considers ‘Possible Sale’ of London Specialty Unit Chaucer
The Hanover Insurance Group is weighing the sale of its international specialty insurance business, London-based Chaucer. The Worcester, Mass.-based company issued a statement confirming that it "is ...
Hurricanes, Wildfires End Berkshire Hathaway’s 14 Consecutive Years of Underwriting Profit
Buffett, 87, Also Offered Few New Hints About His Succession Plans Warren Buffett's Berkshire Hathaway's combination of insurance entities have recorded 14 consecutive years of underwriting profit ...
Digital Startup Neptune Flood Raises $2M to Fuel Private Flood Insurance Market Expansion
Neptune Flood, a digital startup private flood insurance provider, has secured $2 million in seed round funding and has plans to "aggressively expand" nationwide by offering its platform to carriers, ...
Purviance Succeeding DeCarlo as AmWINS CEO; DeCarlo Becoming Executive Chair
Charlotte-based global wholesale broker AmWINS Group announced that Scott M. Purviance will succeed M. Steven DeCarlo as the company's chief executive officer, effective May 1, 2018. DeCarlo, who has ...
E&S Deal: CapSpecialty Buys Renewal Rights to Rockhill Environmental Biz from State Auto
Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group's excess and surplus environmental insurance book of ...
FEMA Expands Private Sector Flood Reinsurance Program for 2018
The Federal Emergency Management Agency (FEMA) has completed a reinsurance placement with 28 private reinsurers to help the National Flood Insurance Program (NFIP) recover losses it may have to pay ...
For the First Time in Years, A.M. Best Boosts Its Commercial Lines Insurance Outlook
Analysts at A.M. Best have been sufficiently impressed by commercial lines insurers' pricing, underwriting and resilience in recent years to boost their outlook on this segment of the U.S. ...
Digital Insurer Lemonade: License Not Needed by Those Who Adopt Its API Sales Platform
Digital insurer Lemonade says companies that integrate its insurance sales platform, or API, into their own apps and web sites "generally speaking do not have to be licensed as insurance agents or ...