Monthly Archives: <span>May 2021</span>

‘Cat-Prone’ Startup Kin Insurance in Talks to Go Public With ‘Shark Tank’ Judge’s SPAC

Home-coverage startup Kin Insurance is in talks to go public via Omnichannel Acquisition Corp., a special purpose acquisition company led by recurring “Shark Tank” guest judge Matt Higgins, according to people with knowledge of the matter. The combined entity is …

Square Pegs Becomes Castel Underwriting Cell, Offering Cover for Complex SME Risks

Square Pegs, which offers specialist insurance coverage for complex and unusual risks via a dedicated e-trading platform, has become a standalone underwriting cell within Castel Underwriting Agencies Ltd. Focused on small and medium sized enterprises in the UK, Square Pegs …

UK Pushes G-7 Countries to Adopt Mandatory Climate Reporting for Big Companies

UK Chancellor of the Exchequer Rishi Sunak is pushing the Group of Seven (G-7) economies to impose mandatory reporting of environmental risks on their big companies, people familiar with the matter said. Under the proposals, the biggest companies would report …

Trial Operations of Flying Taxis, Cargo Drones Will Begin in England This Year

Trial operations of flying taxis and cargo drones will begin in Coventry, England, before the end of the year as part of a plan to develop “aerial roads” for unmanned flights in urban areas. The project, backed by 1.2 million …

London’s ‘Golden Age’ as Europe’s Financial Center Has Ended: NatWest Chair

The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable center, NatWest bank chairman Howard Davies said on Tuesday. The City has been largely cut off from the …

Irish Patient Data May Have Been Posted on Dark Web After Cyber Attack: Minister Says

Reports of Irish patient data posted online after a cyber attack on Ireland’s health service appear to be accurate, a government minister said, as the fallout from the hack continues. A Financial Times report that some patient data has appeared …

Arrowhead Launches E&S Program, Names Murray as President

Arrowhead General Insurance Agency Inc. has launched a new excess and surplus lines program and named Bill Murray as its president. The new E&S program operates as part of the National Programs division of Brown & Brown Inc., and initially …

Louisiana Private Flood Insurance Bill Returned to House from Senate

A Louisiana bill that would make it easier for private flood insurance carriers to offer flood insurance in the state has been sent back to the House to contemplate amendments added by the Senate. House Bill 577, by Rep. Scott …

Environmental Groups Sue Feds Over W. Virginia Mine Reclamation Program

Environmental groups are seeking to force the federal government to address an underfunded program in West Virginia whose purpose is to help cover the costs of coal mine reclamation. The lawsuit said the U.S. Office of Surface Mining Reclamation and …

People Moves: CAC Specialty in Colorado Adds Lynch, Lockton Pacific Adds Lupe in California

CAC Specialty in Colorado has named Erin Lynch president of its natural resources division and co-leader of its power, utility and renewables vertical. Lynch most recently led the global energy practice at Beecher Carlson during her 14-year tenure. CAC Specialty …