Content from L.S. Howard
Markel Subsidiary State National Will Front Tesla’s New Insurance Venture
Elon Musk's Tesla plans to launch its own insurance product for Tesla drivers, which will be fronted by Markel Corp.'s subsidiary, State National. Markel's Co-Chief Executive Officer Richard R. Whitt ...
Alternative Capital Grew Again in 2018 Even as Total Reinsurance Capital Dropped: Willis Re
While total dedicated reinsurance capital dropped in 2018, alternative capital continued its steady rise, according to a report published by Willis Re. Total dedicated reinsurance capital – which ...
Carriers Increasingly Dinged by ‘Secondary’ Catastrophe Perils : Swiss Re
The insurance industry must wake up to the growing cost of "secondary" catastrophe perils, which amounted to more than 60 percent of the $76 billion price tag for insured natural catastrophe losses ...
Lloyd’s Will Now Restrict Drunk People From Entering Its Offices
Lloyd's continues to tighten up its workplace rules by restricting people from entering Lloyd's premises who are drunk or under the influence of drugs. The new rule, which was included in a market ...
Norsk Hydro Credited With Quick Response to Cyber Attack Despite Unrelated Upheaval: RMS
When Norsk Hydro, one of the world's largest aluminum producers, was hit by a major cyber attack in the early hours of March 19, it was already undergoing a major upheaval: just the day before the ...
UK Specialty MGA Nexus Buys an MGA and a Broker
UK specialty managing general agent Nexus Group lived up to its description as an "acquisitive insurance intermediary holding company," with the purchase this week of an MGA and an insurance broker. ...
AIG Will Depart Individual Personal Lines Business in Canada
American International Group has decided to stop underwriting new policies in its individual personal insurance lines of business in Canada, namely auto and homeowners. "We continually review our ...
Hannover Re Debuts Match-Making Service for InsurTechs and Insurers
Insurtech companies across the globe have created an abundance of innovative solutions and services that span the insurance value chain. However, the challenge for both insurers and insurtechs is how ...