Articles by

Deep Fake Losses to Challenge Cyber Insurers, CyberCube Warns

What do Ulysses and his Trojan Horse, the pickpocket Fagan in Charles Dickens’ Oliver Twist and a video of Facebook’s Mark Zuckerberg touting how his company “owns” its customers have in common? They are old and new forms of deception …

Heffernan Insurance Brokers Merges with Porter & Curtis, Establishes Penn. Office

Heffernan Insurance Brokers, a full-service, independent insurance brokerage firm, has merged with Porter & Curtis LLC, a consultative commercial property/casualty insurance broker, effective December 31, 2020. Porter & Curtis represents Heffernan’s first office on the East Coast. Its founders, William …

Founders of Massachusetts’ Renaissance Alliance Retire; Callahan, Bondi to Lead

The founders of Renaissance Alliance Insurance Services, a membership alliance of independent insurance agencies, have retired after 21 years of leading the company. Bruce and Janet Cochrane retired from their full-time roles within the Massachusetts-based insurance agency partnership organization, effective …

Hudson Gains Professional Lines Renewal Rights, Experienced Team from Validus

Hudson Insurance Group has completed a business transfer agreement with Validus Specialty Underwriting Services for the renewal rights transfer of a select portfolio of Miscellaneous Professional Liability, Financial Institutions Liability and Management Liability policies. The agreement also includes the transfer …

Pro Global Expands in Latin America with Brazil Office

Global re/insurance outsourcing and consulting specialist Pro Global Holdings Ltd. (Pro) announced the expansion of its services within Latin America with the opening of a wholly owned office in Sao Paulo, Brazil. Brazil Office Manager Juan Pablo Bragadin – who …

Arthur J. Gallagher & Co. Acquires Canada’s Cain Insurance Services Ltd.

Arthur J. Gallagher & Co. announced the acquisition of Cain Insurance Services Ltd., based in Fredericton, New Brunswick in Canada. Terms of the transaction were not disclosed. Founded in 1986, Cain Insurance Services is a retail property/casualty broker, offering commercial …

Assoc. of Bermuda Insurers and Reinsurers Elects Arch Capital’s Grandisson as Chair

The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022. New ABIR officers elected to Bermuda’s leading international insurers and reinsurers industry association are: Chair Marc Grandisson, CEO of Arch Capital Group Ltd. Deputy …

Pen Underwriting Extends Long-Term Partnership with Zurich to Provide Fleet Capacity

Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist area of hazardous industries and tanker transportation, building on a strategic partnership of consistent capacity provision that dates back more …

Study Shows Impact of Property Protections on Texas Windstorm Insurer Rates

A report prepared by Willis Towers Watson showing the potential impact of increased coastal building standards on premium rates for Texas’ property insurer of last resort for coastal counties is now available for public review. The report finds that if …

Feds: Firm Dumped Liquid Landfill Waste into Flint’s System; Owner Charged

A Flint business owner is accused of illegally discharging nearly 48 million gallons of waste from landfills into the city’s wastewater system from 2007-15. The waste included a chemical from a family of chemicals known to be hazardous to human …