Underwriting
Lloyd’s Possibly Vulnerable to Catastrophic Cyber Attack
A review of almost 400 reinsurance contracts underwritten at Lloyd's of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber attack should occur. Analysis ...
Ironshore Tries New $100M IPO Filing; A.M. Best Worries Over Corporate Parent
Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd. last year, filed for an initial public offering in the U.S. after a ratings firm cited concerns about the parent ...
Why Asian-Americans Could Be Ideal Insurance Customers
For an industry known to flood households nationwide with blaring messages of money saving techniques, the insurance category certainly feels comfortable loosening its own purse strings. Ponying up a ...
Brit Builds on Expansion Strategy With South African Company Investment
Brit Ltd., the global specialty insurer and reinsurer, announced it has made a significant strategic investment in Camargue Underwriting Managers, one of South Africa's providers of specialized ...
Hunting Lodges, Fishing Resorts Target of Allied World/Venture Insurance Plan
Allied World sees opportunity in writing coverage for hunting and fishing resorts, lodges and plantations. The Swiss insurer and reinsurer is partnering with Venture Insurance Programs on the new ...
Brexit Fallout: Beazley Seeks EU License For Irish Reinsurance Business
Lloyd's of London's Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd's loses access to ...
Best Revises Lloyd’s Outlook to Stable from Positive on Difficult Business Conditions
A.M. Best has revised the outlooks to stable from positive of Lloyd's and Lloyd's Insurance Co. (China) Ltd., while at the same time affirming their financial strength rating (FSR) of A (Excellent) ...
Counts Reduced Against Group Charged in BP Oil Spill Fraud Case
A Texas lawyer and six co-defendants are now facing a reduced indictment of 73 charges, instead of 95, at federal trial on accusations that they faked more than 40,000 damage claims after the BP oil ...