Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., agreed to sell two-thirds of its U.K. annuity portfolio to Rothesay Life Ltd., helping to boost capital buffers under new regulations. Aegon will initially reinsure 6 billion pounds ($8.5 billion) …
Beazley, a pioneer in data breach response insurance and the largest insurer of cyber liability risks in the Lloyd’s market, has partnered with the Corporate Insurance Partner unit of Munich Re to offer broad protection for the digital assets and …
Sam Woods, a former U.K. Treasury official, was appointed as deputy governor for regulation at the Bank of England, replacing Andrew Bailey. Woods — who will continue as the central bank’s executive director of insurance until the end of June …
The Property Casualty Insurers Association of America (PCI) announced that Kate Carey will be joining the organization as vice president, federal government relations. Carey has worked in the insurance industry for more than 25 years as a strategic government relations …
Chubb has appointed Mark S. James as senior vice president for Commercial Marine insurance for North America. James will be responsible for development of marine insurance products and loss prevention services for mid-size companies with inland and ocean marine exposures. …
Woodmere, OH, April 11, 2016 – MarshBerry is excited to once again host the MarshBerry 360 Seminar Series. These educational events provide a comprehensive packet of strategies that help insurance agencies and brokers as they strive to maximize value. The …
Venture Insurance Programs, a national insurance program administrator, has expanded its flagship PREFERRED CLUB program for the golf and country club industry to 14 additional states through Allied World Assurance Company (AWAC), one of three carriers supporting the program. PREFERRED …
Officials say three apartments sustained water damage from a sprinkler system after a hoverboard caught fire in an Orlando apartment building. The Orlando Sentinel reports that no one was seriously injured from the fire at the apartment building in east …
The National Weather Service says storm surveys show seven tornadoes skipped across central Alabama late Wednesday and early Thursday. No one was seriously hurt and most of the twisters were weak, causing only scattered damage. But the storms serve as …
The Nature Conservancy has announced plans to work with catastrophe risk modeling firm RMS, as well as with the Global Disaster Preparedness Center and others, in an effort to address climate impacts in South Florida. The global conservation organization said …
