Specialty
Sompo International Expands, Addresses Brexit Worries With New EU HQ
Sompo International Holdings Ltd. plans a European expansion with a new headquarters on the continent, a move that also addresses uncertainty over the Brexit process. The Bermuda-based insurer and ...
The Latest Launches From Palomar Specialty, Pen Underwriting/QBE and Starr Companies
Palomar Specialty Insurance Company expanded its residential earthquake insurance product into several new states. Pen Underwriting extended its strategic relationship with QBE into the Republic of ...
Everest Re CEO Addesso Gains Contract Extension Through 2019
Dominic Addesso, president and CEO of Bermuda-based Everest Re Group Ltd., has gotten a contract extension. The Bermuda-based reinsurer and insurer said he will remain in both roles through Dec. 31, ...
Reinsurers’ Hurricane, Quake Losses Could Hit $25B: A.M. Best
Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry ...
Brexit Drives British Ship Insurer North to Establish Dublin Subsidiary
British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to ...
‘Brexit Bill’ Proposal Likely From Britain Before December EU Summit
Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit next month and is expected to negotiate hard, finance minister Philip Hammond said on ...
Markel Vice Chairman Crowley to Retire; CFO Waleski Will Leave by Early 2019
Markel Corp said its vice chairman is retiring by the end of 2017, and its chief financial officer will be leaving in early 2019. Markel Vice Chairman F. Michael Crowley said he will retire on Dec. ...
California Wildfire Insured Losses Might Surpass $10B: AIR Worldwide
Insured loss estimates are coming in for the fall's historic California wildfires, and they're substantial. Catastrophe modeling firm AIR Worldwide said it estimates insured losses from the fires ...