News
Hamilton Re Starts Turing Re, a New Special Purpose Vehicle
Hamilton Insurance Group's Bermuda-based reinsurance arm launched its first special purpose vehicle. The new entity is Turing Re Ltd., rolled out by Hamilton Re and funded with $65 million in capital ...
7,000 Farmers Suing Syngenta in GMO Corn Dispute About to Get Day in Court
Farmers have to deal with threats to their crops from nature all the time. Thousands of Kansans, though, argue that Syngenta AG posed an even bigger threat by failing to prevent its genetically ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
Post-Audit, AmTrust Names Strategy/M&A Exec Karkowsky as New CFO
AmTrust named one of its executives focused on M&A as its new chief financial officer, capping a busy spring for the specialty property/casualty insurer involving a multi-year audit and efforts ...
Guidewire’s Q3 Net Losses Spiked, But Revenue Soars as Acquisitions Absorbed
Guidewire Software Inc. grew revenue and concluded a major acquisition in its 2017 fiscal third quarter, but losses spiked. The California-based insurance software operation booked more than $1.8 ...
Reinsurance Rates Continue Their Tumble at June 1 Renewals
Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re. JLT Re cited its Risk-Adjusted Florida Property-Catastrophe ...
Executives On The Move at CNA, XL Catlin and Everest
CNA appointed a new general counsel. XL Catlin hired a new underwriter to support an expanded effort in the U.S. Everest Re Group grew its risk management underwriting team in the Midwest. *** CNA ...
Sompo International (Formerly Endurance) Will Grab Novae’s Financial Institutions’ Renewal Rights
Sompo International said its London market insurance platform will acquire Novae Syndicate Ltd.'s financial institutions renewal rights. Neither side is disclosing a specific purchase price. Through ...
New Consumer Tech Drives Opportunities for Novel Personal Insurance Products: Conning
Innovation often opens the door to new products that would never have been possible. Conning asserts in a new report that this is happening with personal lines insurance, thanks to consumers' ...