Industry News
A.M. Best, Blaming Fosun Merger, Places Ironshore Under Review With Negative Implications
Plans for Ironshore Inc. to be fully absorbed by China's Fosun International Ltd. in a $1.84 billion merger have caught the eye of A.M. Best, which is placing the Bermuda-based insurer under review ...
Cyber Attacks Escalate in Asia, But Secrecy Prevails
Once a month, cyber security lawyer Paul Haswell gets a call from an Asian company with the same question: We've been hacked. Who do we need to tell? More often than not, his answer is "no one." The ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
PURE Starts Offering Workers Comp in Florida For Members’ Domestic Employees
Privilege Underwriters Reciprocal Exchange (PURE) is introducing workers compensation insurance for domestic employees of its members who live in Florida. Eligible employees include those who care ...
Sapiens Enters Polish Market With Acquisition of Insurance Software Provider Insseco
Sapiens International Corp., a maker of insurance industry-specific software, has agreed to buy Poland-based Insseco for $9.1 million. The final price tag could rise over the next five years ...
Lloyd’s of London Plans to Expand into Malaysia in Emerging Market Push
Specialist insurance market Lloyd's of London said on Thursday it planned to apply for an onshore reinsurance license and open an office in Malaysia, as part of its push into emerging markets. ...
The Hanover Launches Business Cyber Attack Coverage; Q2 Net Income Soars
The Hanover Insurance Group is targeting small to mid-sized businesses with new coverage options designed to protect them from data breaches and cyber attacks. These are enhancements for business ...
Swiss Re CFO: With European M&A Rising, Insurers Shouldn’t Overreach
Europe's insurers need to think carefully before making acquisitions, Swiss Re Chief Financial Officer David Cole said. Stricter capital rules under Solvency II, which come into force next year, will ...
Executives On The Move at QBE, Arch Capital, Validus Re and More
We have a number of executive appoints to tell you about form Arch Insurance Group, Validus, QBE and Novarica: *** Arch Insurance Group named a Starr Companies executive and AIG veteran as a senior ...