Reinsurance
Squabble Over Ireland Delays Brexit Deal
Theresa May's efforts to find a compromise on the Irish border that will unblock Brexit talks struggled on, with both sides digging in on Thursday as the clock ticks down to a deadline next week. ...
Patriot National Will Reorganize for Acquiring Lenders; Subsidiaries to File Chapter 11
Patriot National Inc., which provides technology, outsourcing and underwriting services to the insurance industry, has announced a plan of reorganization as part of a restructuring support agreement ...
The 2017 U.S. Hurricane Season Ranks as Priciest Ever
This year's U.S. Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the formal start on June 1. The costs tallied by disaster modelers Chuck ...
The Latest Launches From Allstate, Pool Re and Starr Companies
Allstate inked a new deal with a company that gives it the ability to use highly predictive online data for claims processing. Pool Re is expanding cover for cyber-related terrorist incidents. Starr ...
Guy Carpenter Chairman Newhouse Will Retire at Year-End
Guy Carpenter Chairman Britt Newhouse is retiring at the end of 2017, a company spokesperson has confirmed. Newhouse has been chairman of the reinsurance broker/strategic advisory firm since 2008. ...
Faced With Brexit, European Banks Trim Exposure to UK Assets
European banks pared their exposure to Britain in the aftermath of its vote to quit the European Union, slashing their U.K. assets by $425 billion in the span of a year. The decline was driven by a ...
Neon Names MS Amlin Veteran Heppel as New CFO
Neon, the specialist Lloyd's insurer, has a new chief financial officer. Richard Heppell took on the position as of Nov. 20. Previously, Heppell was CFO at MS Amlin, where he oversaw the complex ...
Ascot Re Begins in Bermuda; Berger Appointed as CEO
Ascot Group Ltd. has launched Ascot Reinsurance Co. Ltd. after receiving approval from the Bermuda Monetary Authority (BMA). Ascot Re has received an additional injection of $1 billion of funds and ...