The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable outlook for the reinsurance industry, despite multiple challenges. During a virtual press briefing on Sunday, the ratings agency described the …
Delaware has joined the list of state and local governments that have sued the petroleum industry in an attempt to hold oil producers accountable for costs related to climate change. The attorney general’s office joined forces with a California law …
Kinsale Capital Group Inc. has hired Mark J. Beachy as executive vice president and chief claims officer, effective October 5, 2020. Beachy will succeed Ann Marie Marson, who served as chief claims officer since August 2009 and is retiring from …
A former bookkeeper for a Rhode Island law firm has agreed to plead guilty to charges related to the embezzlement of nearly three-quarters of a million dollars from her employer, federal prosecutors said Wednesday. Sarah Gaulin, 39, will plead guilty …
Judith Ramirez received a letter this month that she’d been dreading: The Honolulu hotel that furloughed her from a housekeeping job in March, during the lockdown triggered by the coronavirus pandemic, made her layoff permanent. Ramirez, 40, was originally told …
Lloyd’s of London has appointed Uwe Schoberth as U.S. market development director, a new role focused on expanding its strategic relationships with retail, wholesale and reinsurance brokers in its largest market. In collaboration with Lloyd’s business development teams in London …
Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers unless pricing and terms and conditions meet specific thresholds, according to Lara Mowery, global head of distribution, Guy Carpenter. For …
Global reinsurance broker Lockton Re announced that Dominic Riley will be joining Lockton Re in London to lead the Aviation & Aerospace practice early next year. Riley was most recently part of the Aviation team at Guy Carpenter having joined …
A court in Slovenia on Friday sentenced a 22-year-old woman to two years in prison for deliberately cutting off her hand with a circular saw to make a fraudulent insurance claim. The district court in Ljubljana said Julija Adlesic agreed …
The U.S. Senate Commerce Committee will vote on Wednesday to require the Federal Aviation Administration (FAA) to quickly disclose risk assessments after fatal air crashes in a bid to significantly tighten industry oversight. Senate Commerce Committee chairman Roger Wicker, a …
