Italy’s Octo Telematics, a global provider of telematics for the auto insurance industry, confirmed the completion of the purchase of 20 percent of the company’s shares by its Chairman Sir John Peace and Chief Executive Fabio Sbianchi from shareholder Nes …
Swiss Re’s reinsurance business unit has a newly-approved license for property/casualty business in South Africa. The move completes Swiss Re’s pan to re-domicile its Southern African P/C business onto the continent. The South African Prudential Authority has approved Swiss Re’s …
A good friend and colleague forwarded me a press release written and sent out by a public adjusting company. Since I was wondering what to write about this week, I’m truly grateful for the article, but when I read it, …
USA Risk Group (USARG), a Barre, Vt.-based independent captive management firm, has promoted Cindy Lyford to senior vice president. Lyford currently serves as office head for the Vermont and Western domiciled captive insurance business. Prior to her promotion, she served …
The parents of a man who died in a Virginia boating accident have reached a $4 million settlement in a lawsuit they filed over his death. Graham McCormick’s family sued his friend, John Randolph Hooper of Richmond, Va., accusing him …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited roofing contractor John Prevete Framing LLC for exposing employees to safety hazards while performing residential demolition work at a Passaic County, N.J., site. OSHA proposed $221,343 in …
Global catastrophe bond issuance broke a first-quarter record, come in at nearly $3.6 billion for Q1 2018 as the market expanded into new areas, Aon Securities said in its latest report. The $3.58 billion in insurance linked securities were spread …
The European Central Bank and the Bank of England have been drafted in to study the threats that Brexit poses to financial services. Just don’t expect this “technical working group” to save the day. Brexit’s potential to disrupt trillions of …
Pioneer Underwriters has appointed Simon Gaffney as group chief operating officer, He will report to Dane Douetil, group chief executive officer of Pioneer, and be based in London. Gaffney has two decades of experience in the insurance broking industry, including …
Insurtechs may be trying to transform how carriers, brokers and agents do business, but customers aren’t widely aware of their existence just yet, J.D. Power has determined. J.D. Power, which focused mostly on the auto insurance industry, found that just …
