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Everest partners with Soteria for cyber confidence tools

Everest Insurance’s Alternative Solutions Group pronounced Tuesday it is collaborating with cyber confidence organisation Soteria L.L.C. to offer additional services in and with a launch of a new private equity word policy. Everest Insurance, a section of Hamilton, Bermuda-based Everest Re Group Ltd., pronounced Charleston, South Carolina-based Soteria, that is …

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Hub buys Florida broker

Hub International Ltd. pronounced Wednesday it has acquired Scarborough Company Insurance Inc. Terms of a merger were not disclosed. Gainesville, Florida-based Scarborough is a multiline word provider. Brian and Rick Scarborough, Scarborough’s principals, will join Hub Southeast as executive clamp presidents, Hub pronounced in a statement. Hub is a eighth-largest …

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D&O pricing decreased in 2016: Aon

Pricing for directors and officers guilt word decreased for both a fourth entertain of 2016 and a whole year, with small change in coverage or transformation between insurers, says Aon Risk Solutions in a quarterly DO pricing index news for fourth entertain 2016. For a fourth quarter, a cost per …

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Canadian claims adjuster buys US firm

Canadian claims adjuster SCM Insurance Services is expanding into a U.S. with a merger of St. Louis-based Nixon Co. Inc. Terms of a understanding were not disclosed. According to a company’s website, Nixon employs about 60 claims government staff and has 4 offices, all in a Midwest. It handles automobile …

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US-EU word law agreement “levels personification field”: S&P

The lonesome agreement reached between a United States and a European Union in response to a bloc’s Solvency II gauge provides a some-more turn personification margin between a word markets and allows for additional regulatory harmonization, according to SP Global Ratings. The lonesome agreement understanding negotiated by a U.S. Department …

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Data crack box opposite Schnuck Markets dismissed

A sovereign district justice has discharged for a second time lawsuit filed by financial institutions opposite St. Louis-based supermarket sequence Schnuck Markets Inc. in tie with a information crack it suffered in 2012 and 2013, citing a superiority of information breaches during that period. A sum of 2.4 million cards …

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Law boundary invulnerability costs guilt for pattern professionals

A magnitude sealed into law final week by California Governor Jerry Brown will significantly revoke invulnerability costs for pattern professionals, including architects and engineers, and could well-spoken claims handling, contend experts. Senate Bill 496 provides that architects and engineers would be probable to compensate usually a proportional commission of attorney’s …

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AIG handling distinction up, helped by cost cuts; shares rise

(Reuters) — American International Group Inc. reported better-than-expected first-quarter handling distinction on Wednesday, helped by investment gain and cost cuts. AIG reported handling gain of $1.37 billion compared with $765 million in a year-ago quarter, violence Wall Street’s normal estimate. Its shares rose 2% after hours to $62.90. The New …

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Australian storm dents Swiss Re’s profit

Losses from Cyclone Debbie strike Swiss Re’s results./ Shutterstock (Reuters) — First-quarter distinction during Swiss Reinsurance Co., a world’s second-largest reinsurer, fell scarcely 47% after outlays on claims from Australia’s Cyclone Debbie nude $350 million from a bottom line, it pronounced on Thursday. The dump in profit, that fell bashful …

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Canadian insurer to buy OneBeacon for $1.7 billion

Canadian property/casualty insurer Intact Financial Corp. will buy OneBeacon Insurance Group Ltd. for $1.7 billion, a companies announced Tuesday. According to a corner statement, a understanding will emanate a specialty word business with some-more than $1.5 billion in annual premiums. The squeeze cost represents a 14% reward over OneBeacon’s shutting …

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