Specialty
Insurers Remain Wary of Exchange-Traded Funds, Despite Rule Change
Many insurance companies are steering clear of exchange-traded funds even after a high profile rule change designed to make them easier to own. Almost 40 percent of insurers aren't using ETFs more ...
MGA Coalition Announces Cover For Violations of GDPR Data Privacy Regs
Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and midsized businesses, announced it is broadening coverage to include exposures to ...
Lloyd’s Insuring Digital Assets Held With Crypto Startup for $100M
BitGo, a provider of digital asset financial services, announced Tuesday that Lloyd's will cover custodial assets held in offline storage accounts for up to $100 million. The $100 million covers ...
Executives On The Move at GEICO and Ascot Group
The Berkshire Hathaway-owned GEICO has made a number of changes to its Board of Directors. Ascot Group appointed a former Markel executive to grow its Inland Marine business. *** Pionne Corbin and ...
UK’s Pool Re Terror Cover Can Now Cover Non-Damage Business Interruption
Pool Re announced last week that it is now is able to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before a change ...
A.M. Best Revamps Senior Management and Restructures
A.M. Best announced that Roger Sellek will step down as CEO of its Europe, Middle East and Africa (EMEA) and Asia Pacific (AP) regions at the end of March. As part of its succession planning process, ...
2018 ILS Issuance Comes Close to Record, but Q4 Slowed Down: Swiss Re
Insurance-linked securities reached their second-highest issuance levels ever in 2018, though the fourth quarter ended with a whimper. Total issuance for the year reached $9.7 billion through 29 ...
Allianz Mulls 2019 Share Buyback Slowdown to Finance Acquisitions
Allianz may slow its share buyback program after the one announced this week to allow the German insurer to make small acquisitions, the group's finance chief said on Friday after reporting a 19 ...