Yearly Archives: <span>2023</span>

Howden Group Completes Buy of TigerRisk Partners

Howden Tiger is official. Howden Group Holdings yesterday said it has completed its acquisition of TigerRisk Partners to create the “world’s fourth largest global reinsurance broker.” “Together, we will be able to meet the rapidly changing demands of large global …

South Korean Firm Hanwha Plans $2.5B in Solar Panel Plants in Georgia

A South Korean solar panel maker will invest more than $2.5 billion to build factories in Georgia, hiring 2,500 new employees and making components usually manufactured outside the United States, the company announced Wednesday. Qcells, a unit of Hanwha Solutions, …

Geico Saves $5.2 Million as Award to Woman Who Contracted STD in Car Is Overturned

Geico is off the hook, at least for now, from paying a Missouri woman $5.2 million because she said she contracted a sexually transmitted disease in the car of a man who is insured by the company. The Missouri Supreme …

WTW Launches Online Platform for Aerospace Clients

Insurance broker WTW launched a customized online platform for the aerospace sector which enables access to WTW expertise across the globe on a 24/7 basis. The creation of an online knowledge platform will allow clients to access technical expertise, news …

People Moves: Howden Italy Taps Aon’s Casini as CEO; BIBA Extends Evans’ Tenure as Chair; Sedgwick Promotes Simoncic to President, Property and International

This edition of International People Moves details appointments at Howden Italy, the British Insurance Brokers’ Association (BIBA), and Sedgwick. A summary of these new hires follows here. Howden Italy Taps Aon’s Casini as CEO Howden, the London-based insurance broker, announced …

Mosaic Launches 7th Regional Underwriting Hub With Opening of Dubai Office

Bermuda-based Mosaic Insurance has opened an office in Dubai, United Arab Emirates, as a strategic regional platform to access risks from across the Middle East, Africa, and South Asia (MEASA) market. Three specialist underwriters, along with a finance team member, …

Britain’s Royal Mail Faces Severe Disruption to Export Services After ‘Cyber Incident’

Britain’s Royal Mail said on Wednesday it was facing severe disruption to its international export services following what it described as “a cyber incident.” “We are temporarily unable to despatch items to overseas destinations,” Royal Mail, one of the world’s …

France’s Verlingue Buys Broker Cabinet Depeyre and MGA Depeyre Solutions

French broker Verlingue, a subsidiary of Adelaïde Group and specialist in corporate protection, is continuing its external growth strategy with two new acquisitions that will consolidate its presence in the Grand Est region of France. Financial details of the deal …

Nebraska’s Barney Joins Highstreet

Highstreet Insurance Partners announced that it has partnered with Kearney, Nebraska-based Barney Insurance Group. Barney adds 25 employees and additional office locations in Lexington and Lincoln to HSIP’s footprint in Nebraska. “We are delighted to have Dave Chally and his …

Closed Illinois Plant’s Ex-Operator Settling Suits For $408M

WILLOWBROOK, Ill. (AP) – The former operator of a suburban Chicago medical equipment cleaning plant has agreed to pay $408 million to settle hundreds of lawsuits alleging that the now-shuttered facility exposed residents to a toxic industrial gas and caused …