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When asset trading errors trigger coverage questions
Trade errors, Sullivan said, can take many forms. “Common categories include, but are not limited to, data entry errors, missed deadlines, failure to execute, miscommunicated trade instructions, collateral management failures and breaches of mandate.” Source link
World Insurance acquires Royalty Insurance Services in trucking sector deal
New partnership strengthens national reach and client service capabilities Source link
Texas court shuts down pre-suit discovery in Berkley Insurance case
In response, Naymola filed a Rule 202 petition seeking pre-suit depositions of BRIC, BNIC, Cusack, and an unnamed individual (“John Doe”) to investigate potential tort claims arising from how the settlement agreements were obtained. He argued that if the releases are ultimately deemed unenforceable, he may have viable claims against Berkley and its representatives. The…
Top tips for cyber risk prevention
In the latest edition of Insurance Business TV, At-Bay Insurance’s Ken Reigler discusses the company recently being named as a five-star cyber insurance provider. He talks about the company’s evolution, cyber risk mitigation and offers tips for retail brokers operating in the space. Source link
Ardonagh Group inches closer to $2.5 billion investment – report
With backing from Madison Dearborn Partners and later the Abu Dhabi Investment Authority, the firm has grown under CEO David Ross. Ardonagh has acquired assets in markets including Brazil, Spain and Italy. Last year, it purchased Australia’s PSC Insurance Group for an implied equity value of A$2.3 billion ($1.5 billion), taking the company private and…