Axis

Axis says it will not insure new Arctic Refuge oil and gas projects

2021-01-15T20:13:00+00:00

Axis Capital has become the latest carrier to make a commitment to not underwrite new insurance or facultative reinsurance contracts for oil and gas projects in the Arctic National Wildlife Refuge or provide them with investment support.

II-Amynta-Oil-Mex

Ex-Aon energy exec Farnan working on Amynta marine and energy launch

2021-01-15T14:59:00+00:00

Aon Global Energy’s former chief commercial officer Bill Farnan has joined Amynta Group and is in the process of forming a new marine and energy-focused offering on the MGA and programs platform, The Insurer has learned.

II-falvey

Falvey Cargo Underwriting 2021 E&S capacity up 35%

2021-01-15T04:14:00+00:00

Falvey Cargo Underwriting (FCU), the largest cargo coverholder at Lloyd’s, has secured support to up its overall E&S capacity for 2021 by 35 percent, while capacity fronted by State National has increased its participation on the US MGA’s other main facilities.

CAC Specialty

CAC Specialty expands natural resource team with six hires

2021-01-14T15:50:00+00:00

CAC Specialty has made six hires to its natural resources division, with the new recruits joining from Energy and Marine Risk Services, Willis Towers Watson, Scott Insurance, Wortham and Aon.

Deborah Wyatt Chaucer

Chaucer names Wyatt head of political risk and credit as Kilhams retires

2021-01-14T11:28:00+00:00

Chaucer has promoted Deborah Wyatt to head of political risk and credit, as current head Nick Kilhams retires after 22 years at the China Re-owned insurer.

Cyber crime

SolarWinds insured losses estimated at $90mn as industry avoids cyber “catastrophe”

2021-01-13T04:29:00+00:00

Insured losses from the SolarWinds breach have been estimated at $90mn as the industry dodged a bigger hit because many of the attack’s victims were government agencies that typically do not buy cyber coverage, according to analysis from BitSight and cyber risk modeller Kovrr.

Axis

Axis says it will not insure new Arctic Refuge oil and gas projects

2021-01-15T20:13:00+00:00

Axis Capital has become the latest carrier to make a commitment to not underwrite new insurance or facultative reinsurance contracts for oil and gas projects in the Arctic National Wildlife Refuge or provide them with investment support.

II-Amynta-Oil-Mex

Ex-Aon energy exec Farnan working on Amynta marine and energy launch

2021-01-15T14:59:00+00:00

Aon Global Energy’s former chief commercial officer Bill Farnan has joined Amynta Group and is in the process of forming a new marine and energy-focused offering on the MGA and programs platform, The Insurer has learned.

II-falvey

Falvey Cargo Underwriting 2021 E&S capacity up 35%

2021-01-15T04:14:00+00:00

Falvey Cargo Underwriting (FCU), the largest cargo coverholder at Lloyd’s, has secured support to up its overall E&S capacity for 2021 by 35 percent, while capacity fronted by State National has increased its participation on the US MGA’s other main facilities.

Cyber crime

SolarWinds insured losses estimated at $90mn as industry avoids cyber “catastrophe”

2021-01-13T04:29:00+00:00

Insured losses from the SolarWinds breach have been estimated at $90mn as the industry dodged a bigger hit because many of the attack’s victims were government agencies that typically do not buy cyber coverage, according to analysis from BitSight and cyber risk modeller Kovrr.

II-HudsonGroup

Hudson confirms acquisition of Validus Specialty professional lines renewal rights

2021-01-06T15:44:00+00:00

Hudson Insurance Group has completed a business transfer agreement with AIG-owned Validus Specialty Underwriting Services for the renewal rights of a professional lines portfolio, a deal first revealed by this publication in October.

Berkshire Hathaway Specialty Insurance

BHSI promotes duo to lead US FI business

2021-01-05T02:42:00+00:00

Berkshire Hathaway Specialty Insurance (BHSI) has named Sachin Warty as head of financial institutions for the Central and West Region, and Chris Polechronis as head of financial institutions for the East Region.

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