People Moves: Chubb Promotes Walker to Head of Aerospace; Fidelis Names Stewart, Davern as Co-Deputy CUOs, Bellamy as Head of Property Reinsurance November 12, 2021 This edition of International People Moves details promotions at the insurers Chubb and Fidelis Insurance. A summary of these new...
KPMG Sued for $600M Over Role in Insolvency of Dubai Private Equity Firm Abraaj November 12, 2021 KPMG LLP was sued for at least $600 million over its role in the insolvency of Dubai private-equity firm Abraaj...
NFP Acquires Western Canada’s Foster Park Brokers Inc. November 12, 2021 NFP, the New York City-based insurance broker and consultant, announced the acquisition of Canada’s Foster Park Brokers Inc. Details of...
Berkshire Hathaway Specialty Insurance Opens Third Office in Germany November 12, 2021 Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded in Germany, opening a new office in Frankfurt. The company already...
Hannover Re Sells Stake in HDI Global Specialty to Position Itself as Pure Reinsurer November 12, 2021 Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI...
Westfield Insurance to Buy Argo’s U.S. Specialty Property Renewal Rights November 12, 2021 Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to...
A Look at Military Veterans’ Earnings, Employment After Active-Duty Service November 11, 2021 New research from RAND Corp. finds that after leaving the service, many veterans earn less money than they did while...
California Commissioner’s Latest Insurer Non-Renewal Moratorium Covers Nearly 210K Homes November 10, 2021 California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve 209,881 residential property insurance policies held by wildfire survivors included...
Coalition Enters Executive Risk Insurance Market for Small Business November 10, 2021 Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment...
TypTap Moves Ahead with IPO, $100 Million Fundraising November 10, 2021 TypTap, which describes itself as a technology-driven homeowners’ insurance company in Florida, is moving ahead with plans to raise $100...