Independent specialty managing general agent Nexus Group has acquired Plus Risk Ltd. (PRL), a London-based financial and professional lines MGA, providing management liability and niche professional indemnity insurance. Founded in 2017, PRL’s underwriting team is comprised of James Rasmussen and …
Tropical Storm Erich has formed in the Pacific far off the western coast of Mexico and is predicted to become a hurricane by Monday night as it moves over open waters on a path that could take it near the …
Wind is threatening to spread a growing 52-mile (84-kilometer) oil sheen in Indonesia from an undersea well that began leaking about two weeks ago into the Java Sea. State crude producer PT Pertamina plans to install more booms in the …
A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG’s glyphosate-based weed killer, Roundup, for their cancer to $86.7 million. Superior Court Judge Winifred Smith of the California Superior …
AXA XL announced three senior appointments to its London Reinsurance team, with the promotion of Megan Kempe, coupled with the additions of Nick Pascall and Conor Gaffney. Kempe has been promoted to head of US Property London, effective Sept. 1. …
UK Prime Minister Boris Johnson’s high-level Brexit cabinet holds its first meeting Monday, and will gather every day to ensure the country leaves the European Union on Oct. 31. Michael Gove, named to a job that makes him Johnson’s top …
Officials say more than 1,000 guests were temporarily evacuated from a Florida hotel near SeaWorld after a fire broke out in a room. Orange County Fire Rescue posted on Twitter that Thursday morning’s blaze at the Renaissance Orlando hotel was …
Insurance Office of America has added operational leader Robert J. Peters to its Longwood, Fla., headquarters. Peters joins IOA’s growing team as senior vice president of insurance operations, a newly created enterprise role focused on driving operational standardization and efficiency …
In 2017, Pacific Life Insurance Co. introduced a socially conscious, online investing platform tailored to thirtysomethings eager to use their assets to make the world a better place. Those investors proved more expensive and rare than the company thought, and …
Here’s a job any worker would be happy to pass off to a drone: Imagine crawling down a ladder into the vast darkness of a 20-story-high storage tank filled with toxic chemical fumes to spend hours searching for corrosion. More …
