People Moves: Zurich Nordic Promotes Fritz to CEO; Arch Taps Cyber U/Ws From Tokio Marine and AIG; Liberty Names RSA’s Furlan as Head of Casualty, Europe October 18, 2023 This edition of International People Moves details appointments at Zurich Insurance, Arch Insurance and Liberty Specialty Markets. A summary of...
Arthur J. Gallagher & Co. Acquires Michigan’s Meadowbrook October 18, 2023 Arthur J. Gallagher & Co. announced it has acquired the assets of Southfield, Michigan-based Meadowbrook Insurance Agency. Terms of the...
Texas Department of Insurance Names Rudnai as Captive Specialist October 18, 2023 The Texas Department of Insurance (TDI) has announced the hiring of Robert Rudnai as its captive insurance specialist. Rudnai is...
Net-Zero Investor Group Reports Financing Activities Lead to Emissions Decline October 18, 2023 By Alastair Marsh A $9.5 trillion investor group that includes Allianz SE, Legal & General Plc and the California Public Employees’ Retirement System...
Travelers Q3 Net Income Down 11% on Catastrophe Losses, Reserve Development October 18, 2023 By Chad Hemenway Third quarter net income at Travelers Cos. fell 11% compared to the prior-year quarter to $404 million on higher catastrophe...
Markets/Coverages: Digital Lloyd’s Syndicate Ki Partners With Travelers and Aspen to Expand Follow Capacity October 18, 2023 Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced that Travelers and Aspen will offer additional follow capacity...
California Trucking Group Challenges State’s Zero-Emissions Rule October 18, 2023 By Lisa Baertlein The California Trucking Association (CTA) has asked a federal judge to stop a state rule that would require truckers to...
Ukraine’s Risky Bet on Black Sea Shipping Corridor Pays Off as Ships Stream Into Ports October 18, 2023 By Áine Quinn and Kateryna Chursina A steady stream of ships is hauling grain and metals from Ukraine a month after the first inbound vessel sailed...
Commercial Fleet Insurtech Nirvana Secures $57M in Series B Funding October 18, 2023 Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round,...
Hamilton Insurance Group Files IPO Registration With SEC October 18, 2023 Hamilton Insurance Group Ltd., the Bermuda-based special re/insurer, announced it has filed a registration statement with the US Securities and...