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International General Insurance and Tiberius Acquisition Complete Merger

International General Insurance Holdings Ltd. (IGI) and the special purpose acquisition company Tiberius Acquisition Corp. have completed their previously announced merger. The business combination, which was first announced in October 2019, was approved by Tiberius stockholders at a special meeting …

New Mexico District Settles for $475K After Teacher Punched 9-Year-Old

A New Mexico school district has agreed to pay $475,000 to settle a lawsuit filed by the family of a boy who was punched by a music teacher. The Santa Fe New Mexican reports a copy of the settlement says …

Willis Towers Watson Launches Business Aviation Community Group

Willis Towers Watson announced the launch of “A Class,” a community group focused on delivering data, knowledge and solutions to its business aviation clients. A Class focuses on data analytics and risk strategy, equipping business aviation operators with data and …

Everest Re Restructures Risk Management Function, Naming Mango CRO, Chief Actuary

Everest Re Group Ltd. announced the promotion of Don Mango to Everest Group chief risk officer and chief actuary, effective March 30th. In this new role, Mango will report to Everest Re Group President and CEO Juan C. Andrade. He …

Virginia’s Kinsale Capital Group Promotes Haney, Petrucelli, Marson

Kinsale Capital Group Inc. has promoted Brian D. Haney to executive vice president and chief operating officer, Bryan P. Petrucelli to executive vice president, chief financial officer and treasurer, and Ann Marie Marson to executive vice president and chief claims …

Lockton Hires Asencio to Northeast Region as Employee Benefits Practice Leader

Lockton has hired John Asencio to its Northeast region as Employee Benefits Practice leader. With more than 25 years of experience in health and welfare benefits consulting, Asencio will oversee operations in New York, Philadelphia, Washington D.C., Hartford and Boston. …

Most British Companies Don’t Have Insurance for Coronavirus Closures: ABI

Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday. The government recommended on Monday that people avoid restaurants, bars and clubs, and work from home where …

Insurance Office of America Adds Paul to Entertainment Division in California

Insurance Office of America has added Keith Paul to its entertainment division as a risk management consultant. Paul will be based in the Encino, Calif. office. Before joining IOA, he was a client executive at NFP in its entertainment group …

PG&E Approved by Judge for $23B Bankruptcy Financing Package

Power producer PG&E Corp. said on Monday that it won bankruptcy court approval to use up to $23 billion in financing after California Gov. Gavin Newsom dropped his opposition to those financing commitments. The U.S. bankruptcy court of Northern California …

Idaho Man to Serve Jail Time for ‘Crash And Buy’

An Idaho man was sentenced to jail over an alleged “crash and buy” auto insurance fraud scheme. Nicolas Thorne of Jerome County was sentenced for insurance fraud in violation of Idaho code. On Dec. 14, 2017, Thorne’s vehicle was reportedly …