Palomar shares surge after IPO prices at low end of range
Shares in Palomar Holdings jumped 27 percent on their first day of trading today after the US specialist quake carrier floated on Nasdaq at the lower end of the expected range, pricing its initial public offering at $15 per share.
NSM targets further 2019 acquisitions to grow premium beyond $1bn
White Mountains-owned full service MGU and program administrator NSM is expected to add to its Embrace Pet Insurance acquisition in the coming months, as it continues to execute its specialty niche roll-up strategy through a strong pipeline of bolt-on transactions.
Cyber capacity booming but insurers increasing scrutiny: Marsh
Marsh has revealed that higher demand for cyber insurance is not leading to higher pricing, with rates down by 0.6 percent for the coverage in the fourth quarter.
Credit and investment insurers paid “tolerable” $6.5bn claims in 2018
The Berne Union has revealed its members paid more than $6bn in claims for a fourth consecutive year in 2018, including political risk claims more than doubling over 2017.
Ascot Insurance US readies environmental and inland marine launch
Ascot Group’s start-up US admitted carrier will begin quoting on its John O’Brien-led environmental book in mid-April as it looks to build out six core business lines in its first year targeting middle market and small account business, The Insurer can reveal.
Ethiopian Airlines insurers put up $275mn reserve
Lead Ethiopian Airlines insurer Chubb and broker Willis has recommended a $275mn reserve for liability and legal costs from the fatal crash of Ethiopian Airlines flight 302.
Ascot Insurance US readies environmental and inland marine launch
Ascot Group’s start-up US admitted carrier will begin quoting on its John O’Brien-led environmental book in mid-April as it looks to build out six core business lines in its first year targeting middle market and small account business, The Insurer can reveal.
Gallagher names Thompson CEO of UK specialty and wholesale
Broker Gallagher has named John Thompson as chief executive officer of its UK specialty London market and wholesale businesses, a position he has held on an interim basis since September 2018.
ILS Lloyd’s carrier Arcus highlights strategy shift by backing Beardmore’s London MGA
Newly launched London-based MGA, Aurous Risk Partners has secured its first Lloyd’s energy binder, led by Credit Suisse’s Lloyd’s platform Arcus Syndicate 1856.
Cyber capacity booming but insurers increasing scrutiny: Marsh
Marsh has revealed that higher demand for cyber insurance is not leading to higher pricing, with rates down by 0.6 percent for the coverage in the fourth quarter.
Ascot Insurance US readies environmental and inland marine launch
Ascot Group’s start-up US admitted carrier will begin quoting on its John O’Brien-led environmental book in mid-April as it looks to build out six core business lines in its first year targeting middle market and small account business, The Insurer can reveal.
Axa XL makes senior Bermuda professional lines promotion
Axa XL has announced Jennifer Minors as senior vice president and product line leader in its Bermuda professional lines insurance unit.