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07, 2016
Non-Life Cat Bond Issuance Hits $2.8B During 1H 2016: Willis Towers Watson Report
Total non-life catastrophe bond market issuance for the first half of 2016 rose to $2.8 billion, according to the latest ILS market update from Willis Capital Markets & Advisory (WCMA), the investment banking business of Willis Towers Watson. After starting …
12
07, 2016
Nurre NamedPresident, Employee Benefits in USI’s Cincinnati Office
Insurance brokerage, USI Insurance Services (USI), has appointed David A. Nurre president, employee benefits for the Cincinnati, Ohio, office. As president, Nurre is responsible for the growth and overall performance of the business unit. Nurre has more than 17 years of …
12
07, 2016
Ratings of Missouri-Based National Fire and Indemnity Exchange Downgraded
A.M. Best has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the issuer credit ratings (ICR) to “bbb+” from “a-” of National Fire and Indemnity Exchange (NFIE) in St. Louis, Mo. The outlook for the FSR has been …
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07, 2016
Michigan Seeks Comment on Proposed Health Insurance Rate Changes
State insurance regulators are seeking public comment on requested health insurance policy rate changes. The Department of Insurance and Financial Services said that insurers’ proposed changes for individual rates in 2017 range from about 39 percent to about 6.7 percent. …
12
07, 2016
Friend or Foe? Texas Open-Carry Law a Challenge for Police
Gun-rights activists, some of them wearing camouflage and military-style gear and openly toting rifles and handguns, marched alongside the hundreds of people who flocked to downtown Dallas last week to protest police shootings of blacks. Their presence was part of …
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07, 2016
Many Buggy Accidents in Indiana Caused by Distracted Driving
Two recent crashes on the same road in Indiana’s Elkhart County highlight the dangers of distracted driving accidents involving motor vehicles and horse-drawn buggies. On May 29, a 17-year-old girl who rear-ended a buggy carrying an Amish couple and their …
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07, 2016
Munich Re Partners with Startup Slice to Offer On-Demand Insurance Products
Munich Re has partnered with insurtech startup Slice Labs Inc. as Slice prepares to launch its first on-demand, per-use insurance product. Slice and Munich Re said they have agreed to an ongoing roll-out of products and territories with Slice supplying …
12
07, 2016
Markel International Enters Marine Equipment Market with Senior Execs Appointed
Markel International, the specialist insurer, has appointed Andy Lane, senior underwriter, in its newly created marine equipment business, part of its marine, energy and property division. Lane joins David Stallard, underwriter, who started his role earlier in the year. With …
12
07, 2016
AIG’s Alexandru Joins Aspen to Head New U.S. Crisis Management Line with Product Recall
Aspen Insurance announced the appointment of Nicky Alexandru as head of U.S. Crisis Management. Alexandru will develop a U.S. product contamination/recall capability, which will be a new Crisis Management line of business for Aspen in the U.S. He joins Aspen …
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07, 2016
BHSI Launches A&E Professional Liability Policy with Cyber Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First architects & engineers (A&E) professional liability insurance in the U.S. The new policy’s cyber coverage addresses media, technology and network security and privacy liability exposures, including the design professional’s own costs …