Specialty
XL Catlin’s VC Arm Leads $16.5M Financing for Israeli Maritime Risk Analytics Firm
XL Catlin's venture capital arm is the lead investor in a $16.5 million financing for Windward, a maritime risk analytics firm based in Israel. XL Innovate led the Series C financing, though previous ...
UK PM May Seeks to Force Brexit Reckoning
This could be a deadly month for Theresa May. Unpopular at home and in Brussels, the British leader will try to restore order with a Cabinet lock-in at her country estate that's been dubbed the body ...
Tariffs, Congressional Negotiations Put Pressure on U.S. Subsidized Multiperil Crop Insurance: A.M. Best
Farm bill negotiations in Congress will potentially place serious pressure on the U.S.-subsidized multiperil crop insurance market, a new A.M. Best report concludes. Here's why: Typically, the ...
Kemper/Infinity Property and Casualty M&A Deal to Close July 2
Kemper Corp. expects to complete its $1.3 billion cash and stock acquisition of Infinity Property and Casualty Corp. on July 2. Both companies disclosed on June 28 that they have all the necessary ...
Lloyd’s CEO Beale Will Depart Sometime in 2019
Lloyd's of London today announced that Chief Executive Officer Inga Beale will step down next year after leading the global insurance and reinsurance market for five years. An exact departure date ...
Executives On The Move at AXIS Capital Holdings and Validus
AXIS Capital Holdings Ltd. appointed a former Ally Bank president to its board of directors. Validus Specialty appointed a former XL Catlin executive in a leadership role focused on Western World and ...
Citigroup’s Mexico Division Will Distribute Chubb Insurance, Surety Products
Chubb and Citigroup have sealed a distribution agreement involving the sale of insurance products in Mexico. The arrangement takes place through local divisions of each company: Citigroup's ...
The Latest Launches From Allstate and Sompo International
Allstate said it has started marketing a pay-per-mile auto insurance product for New Jersey drivers. Sompo International Holdings released a new group of weather-driven risk management products for ...