An explosion has struck an oil-industry vessel in the Caspian Sea, injuring 14 people, the ship’s operator, Italian engineering firm Saipem, said on Thursday. The ship, the Israfil Huseynov, was involved in maintenance work linked to the Shah Deniz II …
Insurtech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months of 2019, according to the new Quarterly InsurTech …
Third Point Reinsurance Ltd. (TPRE) has appointed Daniel Malloy as CEO, effective May 10. He succeeds J. Robert Bredahl, whose resignation has been accepted by the board. Bredahl had been TPRE’s CEO since March 2017. Malloy moves into his new …
California has for months been weighing the idea of a fund that utilities could dip into when facing crippling costs tied to wildfires. On Wednesday, state lawmakers got a feel for how big that fund would have to be. During …
Hub International Ltd., the Chicago-based global insurance broker, announced it has acquired the assets of Kelliher Agencies, headquartered in Kelliher, Saskatchewan, Canada. Terms of the transaction were not disclosed. Kelliher Agencies is a full service, independent insurance brokerage that provides …
Investigators from the Orange County Sheriff’s Office have charged a 56- year-old New York man with grand larceny in the third degree, a class D felony, and penalties for fraudulent practices, a class E felony. Robert Marra of Crawford, N.Y., …
UFG Insurance has appointed David Donlick as commercial lines underwriting manager for its East Coast regional office in Pennington, N.J. Donlick will succeed current assistant vice president and Commercial Lines underwriting manager, John Austin, as he retires after a 20-year …
CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced significant enhancements to its cyber proposition with a new pre-breach service and additional coverages. “Our latest cyber proposition reflects the changing risk environment. Technology …
Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $671 million for the three months ended March 31, 2019, an increase of $23 million or 3.5% over the same period in 2018. Consolidated net income for the …
NFP, a New York, N.Y.-headquartered insurance broker and consultant that provides employee benefits, property and casualty, retirement and individual products, has named John Hyland, senior vice president of NFP Property and Casualty, to its Surety division. In this new role, …
