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Arbella Insurance Group in Massachusetts Promotes Chaves

The Arbella Insurance Group, a property and casualty insurance company headquartered in Quincy, Mass., has appointed Allen Chaves to the newly created position of director of data governance and research analytics. Chaves will be the business lead for Arbella’s corporate …

Skuld Purchases SMA/Gerling Norway, Now Renamed Skuld Marine Agency

Skuld announced that on Jan. 12, 2017 it has completed its acquisition of SMA/Gerling Norway, which has been renamed Skuld Marine Agency (SMA). Skuld is now the owner of 100 percent of SMA shares, “free of any encumbrances,” the company …

Canada’s Energy Firms at Risk from Cyber, Bomb Attacks: Security Service

Canada’s main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document seen by Reuters. …

Allianz & Standard Chartered Form Bancassurance Partnership in Asia

Standard Chartered Bank and Allianz have formed a 15-year bancassurance partnership for the distribution of Allianz’s general insurance products, including travel, personal accident, fire and motor insurance products, to Standard Chartered’s retail banking clients in five key markets across Asia. …

Global Temperatures Hit Record High for 3rd Year in Row in 2016

World temperatures hit a record high for the third year in a row in 2016, creeping closer to a ceiling set by the Paris climate change deal, with extremes including unprecedented heat in India and ice melt in the Arctic, scientists said on …

XL Catlin Appoints Middleton to Manage Ceded Reinsurance Placements

XL Catlin’s P&C Underwriting Capital Management operation has appointed Anne Middleton to manage its ceded reinsurance placements globally. In her new role, Middleton, who is based in Londo, will be responsible for overseeing and negotiating the terms, structure and pricing of XL Catlin’s …

California Stays More than $1B in Liens Linked to Workers’ Comp Fraud Charges

California’s Department of Industrial Relations (DIR) has stayed more than 200,000 liens worth a combined claim value of more than $1 billion that are linked to 75 medical providers facing criminal fraud charges. The DIR announced the liens in conjunction with …

USI Acquires Ohio’s Diversified Insurance Service

USI Insurance Services (USI) has acquired Diversified Insurance Service, a risk management and employee benefits firm headquartered in Elmore, Ohio. Founded in 1948, Diversified Insurance Service provides personal risk, commercial and employee benefits products for clients throughout Ohio. Terms of …

Team Formed to Review How Wildfire Spread to Tennessee Tourist City

Authorities are forming a team to investigate the massive fires that tore through a Tennessee tourist city late last year, killing 14 people. The team will be made up of representatives from the Park Service, the U.S. Forest Service, the …

Everest Insurance Launches Auto Buffer Coverage for Large Motor Fleets

Everest Insurance has launched an auto buffer product for U.S. clients with well managed motor fleets of 250 to 1,000 units. The product will be offered through a limited network of appointed wholesale brokers specializing in the transportation market. Connie …

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