The MGU, called PER se, will write property/casualty coverage for facilities producing wind, solar, bio, hydro and other sources of renewable energy, Chicago-based Ryan said.
The Company has established bases in Hong Kong for North Asia and Bangkok for Southeast Asia. David Piesse has been named Managing Director Asia Pacific and Chris Venvell has been named Business Development Director Asia Pacific.
2011 perpetual insurance licenses.
Catlin is backing a new managing general agency, Aro Underwriting, to focus on the UK and European schemes and affinity market.
Lockton has decided to open a Memphis-based risk management and employee benefits operation.
RFIB Group, the Lloyd’s insurance and reinsurance broker, has been granted an intermediary license by the Saudi Arabian Monetary Agency.
CoverHound, a new car insurance shopping service, has raised $750,000 in seed funding from Blumberg Capital.
Berkley Technology Underwriters will offer coverages worldwide to the technology marketplace, including property, casualty and professional liability on both an admitted and non-admitted basis.
The Bermuda Monetary Authority recorded 10 new insurers incorporating, compared with 10 incorporations for January through April.
May’s incorporations were: Class 1: OE Insurance; Class 3: IECD (SAC) Ltd; Class 3A: DEL Re Ltd, Libra PO Re (Bermuda) Ltd, Libra Re (Bermuda) Ltd; SPI: Aeolus Re MY11 SPI Ltd, Accordian Reinsurance Ltd, Pangea Reinsurance II, Ltd, Pangea Reinsurance III, Ltd, Shoreline Re Ltd.
“For more than 25 years, LexisNexis has pioneered the use of data and analytics by the insurance industry, and we are excited to bring our unique capabilities to the United Kingdom,” said Peter Orlay, vice president of insurance international at LexisNexis Risk Solutions.
