Managing general agent At-Bay said it has acquired an excess and surplus lines insurer licensed in 44 states from XL Insurance America to now become a full-stack carrier. “This milestone will allow us to accelerate the pace of our innovation …
When gunshots at two electrical substations cut power to thousands of central North Carolina homes for several days in early December, Republican state Rep. Ben Moss watched his vibrant district full of family farms, small businesses and sprawling golf courses …
New Hampshire is the only state that allows adults to drive without wearing seatbelts. Want to use your dog instead? Go for it, for now. While the state currently has no lapdog-related laws, the Legislature is considering a bill that …
As his life unraveled over the past two years, disgraced South Carolina attorney Alex Murdaugh didn’t fight giving up his law license and said he made plenty of mistakes tied to missing client money and a financial mess that led …
Hannover Re has developed an additional retrocession tool that for the first time enables the capital markets to participate directly in coverage of its cyber risks through a quota share cession. Longstanding partner Stone Ridge is supporting the transfer with …
This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C), Berkshire Hathaway Specialty Insurance (BHSI) and Marsh. A summary of these new hires follows here. Generali GC&C Appoints Former Tokio Marine Exec Kanu as CEO …
Travelers Cos. this morning reported fourth quarter net income of $819 million, a decrease of about 39% from $1.3 billion a year ago during the same time. The insurer’s Q4 combined ratio increased 6.5 points to 94.5 as catastrophe losses …
When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually saying anything unique. Carlos Wong-Fupuy, a senior director for AM Best, who spoke during an online briefing on Monday, referred …
The UK is failing to address menopausal discrimination in the workforce, an issue that led to women quitting their jobs due to a lack of employer support, a committee of lawmakers said. Conservative MP Caroline Nokes criticized the government response …
Working from home is saving commuters around the world 72 minutes a day, time they’re splitting between their jobs, leisure and caregiving, a new study shows. Remote staff are saving the most time in China, where forgoing the trek to …
