The federal government Friday rolled out a flood-insurance program revamped to reflect worsening climate change, a program that will raise rates for millions of homeowners in wealthy coastal areas and humble inland communities alike. The Federal Emergency Management Agency in …
HUNTINGTON BEACH, Calif.— A large oil spill off the southern California coast left fish dead, birds mired in petroleum and wetlands contaminated, in what local officials called an environmental catastrophe. The U.S. Coast Guard, heading a clean-up response involving federal, …
The number of Georgia highway chases involving state law enforcement officers increased dramatically from 2019 to 2020, resulting in hundreds of injuries and a number of deaths. The Georgia Department of Public Safety said that state highway patrol officers and …
This edition of International People Moves includes appointments at the first sustainable insurer, Parhelion; at brokers Piiq Risk Partners and Gallagher; and at Optio Group’s Nuclear MGA Northcourt. A summary of these new hires follows. Howden-Backed Parhelion Appoints Former Ark …
McGill and Partners, the boutique specialist re/insurance broker, is set for further expansion following regulatory approval for its Bermuda operation. The office will officially open later this month. The Bermuda office will complement McGill and Partners’ other international operations as …
Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary Pen Underwriting has acquired 100% of UK-based Manchester Underwriting Agencies Ltd. and its wholly owned subsidiary, Manchester Underwriting Management Ltd. (MUM). Terms of the transaction were not disclosed. Founded …
New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed Parvaz and Faiz Shams. The startup aims to use the capital infusion to expand its team, strengthen product development and …
Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of S. Johnson & Co. Ltd. Established in 1990 and based in Birmingham, England, with a dedicated team led by Steven Johnson and Graham Ettrick, …
Argo Group International Holdings Ltd., an underwriter of specialty insurance, announced an agreement to sell its Brazilian operations, Argo Seguros Brasil S.A. (Argo Brazil), to Spice Private Equity Ltd. (Spice PE), an investment company focused on global private equity investments, …
Lloyd’s broker Tysers has developed and diversified its entertainment insurance products and services to reflect the new live events landscape. For the music & live events sector, the broker has launched two schemes: Tysers Freelancers, an online insurance solution available …
