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Palomar links up with Omaha National
27th July 2022
Palomar has gone into a two-year arrangement with Omaha National. Under the partnership, Palomar Specialty Insurance Company (PSIC) will act as the insurer in California to help support Omaha National’s workers compensation product. Omaha National, through its managing general agent, Omaha National Underwriters, will be overseeing the insurance operations including underwriting, ... Read the full article
CFC expands into North America and Australia
27th July 2022
CFC, the specialist insurance provider, has expanded its cyber threat analysis capability into North America and Australia. The company’s cyber threat analysis focuses solely on identifying new cyber threats and working with cyber customers to prevent attacks before they happen. Roger Francis, Managing Director of CFC Response, said: ... Read the full article
Alta Signa appoints Jeroen Kisters as PI manager in the Netherlands
26th July 2022
MGA firm Alta Signa has appointed Jeroen Kisters as professional indemnity manager for the Netherlands. A statement from the firm said that Kisters will be responsible for developing Alta Signa’s professional indemnity (PI) product offering in the Dutch market as part of the business’s wider focus on carefully targeted, sustainable, and ... Read the full article
BOXX appoints COO and CTO
25th July 2022
Toronto-based cyber insurance specialist BOXX has announced the appointment of Eric Newman as its Chief Operating Officer, and Steve Penney as Chief Technology Officer. Newman will support the development of BOXX's strategic growth agenda leading strategic planning, governance, legal and compliance functions. Newman said: "I am delighted to be ... Read the full article
MGA growth surge fuelled by plentiful reinsurance: Conning
22nd July 2022
A new report by investment management firm Conning shows that the managing general agent (MGA) market grew swiftly through 2021, fuelled by plentiful reinsurance capacity accessed through fronting insurers. Premiums sourced by MGAs, a key distribution channel for US property and casualty insurers, grew significantly in 2021 to exceed $70 billion, ... Read the full article
Beazley’s H1 profit falls on investment losses as underwriting performance improves
22nd July 2022
Specialist re/insurer Beazley has reported a combined ratio of 87% for the first half of 2022, the best at a half year since 2015, although investment losses suffered in the period pushed down its pre-tax profit by 87%. Beazley's profit has declined from $167.3 million in H1 2021 to $22.3 million ... Read the full article
Corvus expands partnership with SiriusPoint and R&Q Accredited
22nd July 2022
Corvus Insurance, a provider of smart commercial insurance products, has announced an expanded strategic partnership with specialty re/insurer SiriusPoint, and R&Q Accredited, a program management solution provider. The latest multi-year investment from SiriusPoint and R&Q Accredited adds an additional $100 million to the program. The enhanced program follows an initial investment ... Read the full article
Geneva Association says industry has important role in combatting ransomware
22nd July 2022
A new report from the Geneva Association says that there is an important role for private re/insurers in helping combat the rising threat of ransomware. The report says that cyber insurance does more than provide cover against attacks, covering also first- and third-party losses incurred by victims and providing support to ... Read the full article
Travelers upsizes northeast catastrophe reinsurance by $100m at July renewal
21st July 2022
US primary insurance carrier Travelers has grown the size of its main Northeast Property Catastrophe Excess-of-Loss Reinsurance coverage by $100 million at the July 1st, 2022, reinsurance renewals, as the firm saw price increases aligned with those seen on its inwards book. For 2022, the Northeast Property Catastrophe reinsurance agreement sees ... Read the full article
CFC partners with Farillio on professional liability digital platform
20th July 2022
CFC, the specialist insurance provider, has partnered with Farillio to launch a digital platform for its professional liability and management liability policyholders in the UK. Designed for small business owners, the platform delivers practical tools and resources to help customers grow and scale their businesses – from employment ... Read the full article
GRS hires TransRe’s Geary as President, Insurance Solutions
19th July 2022
Liberty Mutual Insurance's Global Risk Solutions (GRS) has appointed Elizabeth Geary as President, Insurance Solutions, where she will report to GRS President of Underwriting - Matthew Moore. Her appointment comes into effect in late August. She joins Liberty Mutual from global reinsurer, TransRe, where she served in a dual role as President, ... Read the full article
At-Bay adds two to Board of Directors
13th July 2022
Cyber insurance provider At-Bay has appointed two insurance industry veterans to its Board of Directors. Joining the Board are Scott Carmilani and David Lockton. With nearly six decades of experience between them, both Carmilani and Lockton bring a strong track record of innovation and insurance expertise to At-Bay’s board. Carmilani currently serves as ... Read the full article
Mosaic opening new office in Toronto
13th July 2022
Mosaic Insurance has announced that it is opening an office in Toronto, Ontario, and has appointed Ian Fraser – an underwriting specialist, to spearhead the company’s expansion into the Canadian specialty insurance market. Fraser joins as President of Mosaic Insurance Services Canada Inc (Mosaic Canada), where he will be responsible for ... Read the full article
Corvus promotes James Berry to Chief Claims Officer
13th July 2022
Specialty insurance MGA Corvus Insurance has announced the promotion of James Berry to Chief Claims Officer. Berry, who previously served as Corvus London Markets’ Claims Team Lead, will now manage the in-house Claims teams at Corvus on a global scale. The new role is also a first of its kind for Corvus, ... Read the full article
DeNexus opens office in Switzerland
13th July 2022
DeNexus, a provider of second-generation cyber risk modelling for industrial organisations, reinsurers and investors in insurance linked securities (ILS), has opened an office in Lugano, Switzerland. The company has recruited Marco Sabitini and Mario Pio Gioiosa to the Lugano office, with plans to add more members to the team ... Read the full article