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Clyde & Co retained by insurers to handle Iran crash claims

Sources said carriers will likely need OFAC approval to make liability payments to Iranian families.

John Hewitt Jones, January 17, 2020
FM Global names Galloway as international head

Gerry Alonso is also promoted to division manager of middle-market property business AFM.

Rachel Dalton, January 17, 2020
Mercury issues $36mn Q4 cat loss estimate

No loss was large enough to breach the per-occurrence limits of the carrier’s reinsurance treaties.

John Hewitt Jones, January 16, 2020
Winklevoss twins launch cryptocurrency captive insurer

Aon will manage the captive, while Marsh is placing excess insurance for the digital currency platform.

John Hewitt Jones, January 16, 2020
Flood and earthquake insurance take-up ‘unacceptable’: Fema official

Fema deputy administrator for resilience Daniel Kaniewski said it could be argued the agency created a “moral hazard.”

Bernard Goyder, January 16, 2020
Chubb hits back at Target in payment card claim dispute

The lawsuit over $74mn in losses from a 2013 data breach is closely-watched by the cyber insurance market.

Christie Smythe, January 16, 2020
Public D&O rates rise significantly in Q3: Aon

Rate hikes imposed on three large corporate accounts had a major impact on the broker’s quarterly index.

John Hewitt Jones, January 16, 2020
D&O: New data points to excess pricing surge

However, there's more to re-underwriting an excess book than price alone.

Gavin Davis, January 16, 2020
The Hanover warns on Q4 non-cat property losses

The carrier says the claims outstrip expectations by $20mn as it predicts a Q4 combined ratio of up to 96.5 percent.

Rachel Dalton, January 16, 2020
Allstate pegs Q4 cat losses at $295mn

The American insurer also takes a $51mn pre-tax charge from the phase-out of its Esurance brand.

Samuel Casey, January 16, 2020

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