Axis says it will not insure new Arctic Refuge oil and gas projects
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.
Ex-Aon energy exec Farnan working on Amynta marine and energy launch
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.
Falvey Cargo Underwriting 2021 E&S capacity up 35%
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 expands natural resource team with six hires
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.
Chaucer names Wyatt head of political risk and credit as Kilhams retires
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.
SolarWinds insured losses estimated at $90mn as industry avoids cyber “catastrophe”
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 says it will not insure new Arctic Refuge oil and gas projects
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.
Ex-Aon energy exec Farnan working on Amynta marine and energy launch
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.
Falvey Cargo Underwriting 2021 E&S capacity up 35%
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.
SolarWinds insured losses estimated at $90mn as industry avoids cyber “catastrophe”
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.
Hudson confirms acquisition of Validus Specialty professional lines renewal rights
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.
BHSI promotes duo to lead US FI business
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.