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23
10, 2015
Spain’s Insurance Market has Continued to Show Resilience: A.M. Best
Spain’s insurance market has continued to show resilience, with companies focusing on profitability as the country’s economy showed further signs of recovery, according to a new report from A.M. Best, entitled – “Sticking to the Basics Ensures Resilience of the …
23
10, 2015
Four Specialist M&A Underwriters Join Marketform to Write $77 Million Line
Specialist Lloyd’s underwriter Marketform has announced the appointment of four more Mergers & Acquisitions (M&A) Insurance specialists who will be based in their London office. The new underwriters – Dawn Bhoma, Katherine Cheung, Tanya Nash and John Kahn – are …
23
10, 2015
Patria Re Set to Become First Mexican Insurer to Join Lloyd’s Platform
Lloyd’s has announced that it has “given in principle approval for Patria Re, the Mexican insurance company, to join the Lloyd’s platform. Patria Re will set up a special purpose syndicate in partnership with Lloyd’s managing agent, Pembroke, designed to …
23
10, 2015
Auto Insurance Market to Shrink 60% by 2040: KPMG
By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile insurance industry will shrink by as much as …
23
10, 2015
Lloyds Banking Group Braces for Additional $1.6 Billion PPI Charge
Lloyds Banking Group Plc will probably take a further £1 billion ($1.6 billion) charge for wrongly sold loan insurance in the year’s second half, undermining efforts to clean up the bank as the government prepares to sell shares to individuals. …
23
10, 2015
Best Affirms Munich Re and Subs Ratings; Outlook Stable
A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Munich Reinsurance Company and its subsidiaries. Best has also affirmed the “issue ratings” of Munich Re, as well as the ICR …
22
10, 2015
St. Louis Police Increase Patrols in Wake of Church Fires
St. Louis, Mo., police are stepping up patrols and trying to develop profiles of possible suspects in a spate of fires that have damaged six churches in largely black neighborhoods during the past two weeks, the city’s police chief said. …
22
10, 2015
Colorado Woman Trapped for Days After Crash Sues G.M.
A woman who was trapped in her car for nearly a week after crashing off a Colorado highway is suing General Motors over alleged defects in her 2009 Chevy Malibu. The Denver Post reported the lawsuit filed Tuesday by Kristin …
22
10, 2015
ICT: Less than 25% of Texas Homeowners Carry Flood Insurance
Most Texas homeowners are unprotected when it comes to flood damage, a state insurance trade group says. Less than 25 percent of Texas homeowners carry flood insurance despite the risks of massive downpours that could occur in certain flood prone …
22
10, 2015
Nevada Will Add 7 Employees to Oversee Rideshare Companies
The Nevada agency that regulates taxis is preparing to ramp up its staffing now that Uber and Lyft are on the road. Lawmakers are set to review a Nevada Transportation Authority request on Wednesday to add seven new full-time staff …