News
Actuarial & underwriting
“COVID-19 is as good an illustration as you could come up with to show that companies face risks out there that will not be covered by standard coverages,” according to Barbara Ingraham, managing director of excess and surplus at Verisk. 8 June 2020
Actuarial & underwriting
ICDC, a wholly owned subsidiary of Randall & Quilter Investment Holdings based in Vermont, has entered into a stock purchase agreement to acquire NationsBuilders Insurance Company (NBIC), a Washington DC-domiciled captive, from NationsBuilders Insurance Services (NBIS). 5 June 2020
Actuarial & underwriting
Randall & Quilter Investment Holdings has completed a loss portfolio transfer from Houston International Insurance Group (HIIG). 4 June 2020
Actuarial & underwriting
A new insurance services business called Astaara Company has launched to protect maritime companies from cyber threats. 4 June 2020
Actuarial & underwriting
The alternative risk market has always been creative and responsive to “uninsurable” events, but the COVID-19 pandemic is revealing risk in unexpected places, and challenging old notions about what does or does not constitute insurance. Captives have a real opportunity to step up and help businesses navigate the changing risk landscape, says Gary Osborne of Risk Partners. 3 June 2020
Actuarial & underwriting
The Delaware Department of Insurance (DDI) has received dozens of complaints after Highmark Blue Cross Blue Shield (HBCBS) processed hundreds of customer birthdates incorrectly, leading to increased premiums for Medicare Supplement participants. 27 May 2020
Actuarial & underwriting
Nexus Specialty has hired Bruce Simmons as vice president of professional and management, as the MGA builds up its recently launched financial lines business. 26 May 2020
Actuarial & underwriting
Randall & Quilter Investment Holdings has appointed Thomas Solomon as group chief financial officer. R&Q confirmed Solomon will also be named on the board of directors later in the year. 21 May 2020
Actuarial & underwriting
Catharina Richter has been named as global head of the cyber center of competence (CoC) at Allianz Group. She takes up her position on June 1. 20 May 2020
Actuarial & underwriting
Insurers look well placed to withstand the impact of COVID-19, according to initial stress testing conducted by AM Best. 18 May 2020
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