Insurance

Independence American replaces Markel as Figo capacity provider

Figo Pet Insurance’s capacity provider has switched from Markel to Independence American Insurance Company (IAIC) as the insurtech looks to revise its offering and address what its CEO called “unacceptable” rate rises, The Insurer has learned.

The Hartford joins thermal coal retrenchment trend

The Hartford will no longer insure or invest in companies that generate more than 25 percent of their revenues from thermal coal mining, or more than a quarter of their energy production from the fossil fuel.

Florida auto insurer Windhaven placed into rehabilitation

Erstwhile Greenlight Re counterparty Windhaven Insurance Company, a Florida writer of non-standard private passenger insurance coverage, has been placed into rehabilitation amid allegations of under-reserving.

Ryan to take reins at Navigators Wholesale after Saunders departure

Jeff Saunders is retiring as head of Navigators’ dedicated wholesale operation at the end of the year with Tim Ryan set to take over in the position at The Hartford-owned carrier, The Insurer can reveal.

Arch Q3 income up despite (re)insurance underwriting loss

Arch Capital’s third quarter results met investor expectations despite catastrophe losses producing underwriting losses in its insurance and reinsurance segments.

Available limits per deal top $1bn for M&A insurance

Market capacity in the fast-growing transactional risk insurance segment has reached a level where limits in excess of $1bn are now available to cover individual deals, according to Marsh JLT Specialty.