News Center
News – Insurance Journal
K2 Insurance Services Launches International Re/insurance Platform in London
K2 Insurance Services, the underwriting and distribution specialist in the U.S. program insurance market, announced the launch of K2 International, a specialty insurance and reinsurance underwriting platform, based in London. K2 International has been created through the acquisition of Pioneer …
POSTED JUNE 01, 2020 11:11 AM |
UK Broker SSL Endeavour Rebrands as Oneglobal Broking
The UK broker SSL Endeavour has rebranded as Oneglobal Broking. The business is led by Chairman Jonathan Palmer-Brown and Chief Executive Officer Mike Reynolds. The new business will bring local expertise and knowledge direct to the client or retail broker …
POSTED JUNE 01, 2020 10:39 AM |
Pandemic-Hit Re/insurers Expect a Costly Hurricane Season – and Rates Are Rising
The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment positions. However, recent years of hefty damage …
POSTED JUNE 01, 2020 9:25 AM |
British Regulator Enlists 8 Insurers in Pandemic Test Case of Business Interruption Cover
Britain’s Financial Conduct Authority said eight insurers, including Hiscox and QBE, will take part in a test case to decide whether their policies should compensate companies hit by the coronavirus pandemic. A national lockdown has triggered insurance claims from companies …
POSTED JUNE 01, 2020 9:02 AM |
Coronavirus Could Complicate Hurricane Response, Warns Catastrophe Modeler
“Hurricanes and COVID-19 are not a good mix,” says catastrophe modeling firm Karen Clark & Co., warning in a report that the pandemic will make what forecasters already predict to be an above-average hurricane season even more difficult. KCC highlighted, …
POSTED JUNE 01, 2020 5:00 AM |
Insurer Group Has Issue with Colorado Insurance Department’s COVID-19 Memo
The American Property Casualty Insurance Association is taking issue with tentative plans by the Colorado Department of Insurance to halt the use of credit information in Colorado during the pandemic. A recent draft bulletin from the department directs property/casualty insurers …
POSTED MAY 29, 2020 7:38 PM |
Insurance Survey Asks: How Is Pandemic Affecting Your Life, Your Work, Your Industry?
How is the coronavirus pandemic affecting you and your work? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of your industry peers by …
POSTED MAY 29, 2020 7:34 PM |
Swiss Re Corporate Solutions Launches Parametric Product for Hail-Proned States
Swiss Re Corporate Solutions (SRCS) has expanded its parametric offering with the launch of HAIL, a parametric hail insurance cover. The new product is designed to protect companies in the United States from the financial impact of a significant hail …
POSTED MAY 29, 2020 4:59 PM |
AssuredPartners Acquires Cypress Insurance Group of Florida
AssuredPartners, Inc. has acquired Cypress Insurance Group, Inc. of Fort Lauderdale, Fla. The team of 20 will remain under the operational leadership of Terry Bond and Debbie Arciola. The agency currently reports $3 million in annualized revenues. AssuredPartners Regional President …
POSTED MAY 29, 2020 4:57 PM |
Construction Co. Owner Cited 27 Times Before Fatal Trench Collapse in Mississippi
The owner of the contracting company of which two workers were killed in a trench collapse in Mississippi earlier this month was previously issued 27 federal citations for safety violations. Shane Henderson was the president of the now-defunct Gilco Contracting, …
POSTED MAY 29, 2020 4:52 PM |
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