Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock. Fairfax’s takeover bid of 25 …
Wholesale broker Amwins Group, Inc. said it completed a $1 billion recapitalization transaction with its existing shareholder group. Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, and employee shareholders purchased $1 billion in equity from more than 375 Amwins employee shareholders …
Arch Insurance International has launched an intangible assets team, which joins from Aon following an agreement to acquire certain assets of its intellectual property (IP) liability MGA business. Led by Ian Lewis as head of Intangible Assets, the five-person underwriting …
New York Governor Kathy Hochul announced a legislative proposal to improve safety within the limousine industry. The bill includes provisions requiring that stretch limousines be equipped with enhanced safety features and prohibiting the operation of a stretch limousine that is …
A house fire in northeast Georgia that killed three people last week was found to be accidental in nature, linked to a clothes dryer that was running overnight. And a blaze that burned a 180-year-old, historic home in Stone Mountain …
Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial casualty or property insurance markets heading into 2024. “The property market will try to lean …
The European Commission is proposing to ban the sale of tankers for crude oil and petroleum products to Russia to prevent Moscow bypassing western sanctions on Russian oil with a shadow fleet of ships, a proposal by the Commission showed. …
A Springfield, Massachusetts man pleaded guilty Tuesday in federal court in Boston to his role in a regional organized theft crew that officials say stole catalytic converters from more than 490 vehicles as well as from bank automatic teller machines …
FORT LAUDERDALE, Fla. (AP) — Why has it been raining so much in south Florida? Experts say the latest windy, rainy storm system seen this week has nothing to do with hurricane season. The storm system that formed over the …
JACKSON, Miss. (AP) — Recent rain has helped improve drought conditions enough for Mississippi Gov. Tate Reeves to partially lift a statewide burn ban. Reeves, the Mississippi Forestry Commission and the Mississippi Emergency Management Agency said the burn ban will …
