Swiss Re Reports Larger-Than-Expected Annual Loss of US$878 Million February 19, 2021 Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to...
Specialty Lines MGA Ensurance Completes New Capacity Deal with AXA February 19, 2021 Ensurance, the London-based specialty managing general agent, has announced a new capacity deal with AXA Insurance UK plc for its...
California Commissioner Wants More Group Discounts for Lower-Income Drivers February 18, 2021 California Insurance Commissioner Ricardo Lara on Thursday released revised draft regulations to expand drivers’ access to group discounts. The revised...
Global Insurance M&A Activity Expected to Soar in 2021 February 18, 2021 There were 407 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2020, down from 419 the previous...
Global Risk Partners Agrees to Acquire Marsh’s UK Networks Business February 18, 2021 Global Risk Partners (GRP) has entered into an agreement to acquire the UK Networks business of Marsh, the global insurance...
Union Mutual of Vermont Companies Hires Hanus as Marketing Representative February 18, 2021 Union Mutual of Vermont Companies has hired Jennifer Hanus as a marketing representative responsible for the southern New England writing...
Risk Placement Services Hires Harvey as Executive VP in Its Brokerage Division February 18, 2021 Risk Placement Services (RPS) has hired Jeff Harvey as executive vice president of casualty for its brokerage division. In this...
Earthquake Warning System Rolling Out in Oregon, Washington February 18, 2021 The earthquake early warning system known as ShakeAlert will be capable of delivering alerts directly to wireless devices in Oregon...
Berkshire Hathaway Specialty Names 3 Regional Executives for Professional Lines February 18, 2021 Berkshire Hathaway Specialty Insurance (BHSI) has expanded its U.S. Executive & Professional Lines leadership team, naming Shelley Norman as senior...
Collapse of Stack at ArcelorMittal South Africa’s Steel Plant Kills 3 February 18, 2021 JOHANNESBURG – The bodies of three workers were found overnight at ArcelorMittal South Africa’s Vanderbijlpark Works, after the collapse of...