Articles by

Natural Disasters in September Bring Costliest Damages to Date for 2018: Aon Report

Hurricane, flood, and earthquake damages made September the costliest month for natural catastrophes in 2018, according to a report from Aon’s Impact Forecasting team. September is typically the busiest month for tropical cyclone activity around the globe – and 2018 …

Willis Towers Watson Hires Hay, Walker in Connecticut

Willis Towers Watson, a global advisory, broking and solutions company, has appointed Jeffery Hay and Kathryn Walker as senior directors of consulting services within its Insurance Consulting and Technology, Americas P&C practice. In their new roles, Hay and Walker will …

Pennsylvania’s Erie Insurance Names Dugan VP, Corporate Human Resources Officer

Erie Insurance, an Erie, Penn.-based insurer, has named Sean Dugan as vice president and corporate human resources officer. His new role begins October 25. In this role, Dugan will have oversight of the Talent Acquisition, Community Outreach, Diversity & Inclusion, …

Why Nice People Finish Last When It Comes to Money

Nice people may be at greater risk of bankruptcy and other financial hardships compared with their less agreeable peers, not because they are more cooperative, but because they don’t value money as much, according to research published by the American …

Berkley One Continues Expansion into New York, Connecticut

Berkley One, a startup insurance provider for individuals and families, has continued its expansion into New York and Connecticut. Partnering with select independent agents, Berkley One offers home, automobile, fine art and collectibles, excess liability and travel insurance and is …

London Market Insurers’ Profits Remain Under Pressure with Excess Capacity: Fitch

The profitability of London market and Lloyd’s insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second quarter of 2017, according to Fitch Ratings in a new …

AGCS Taps Brewer from AIG, Promotes Tiplady, for UK Broker Relationship Team

Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, announced the appointments of Lee Brewer as senior broker relationship manager and Harriet Tiplady as broker relationship manager. Based in London within the Market Management …

Brokerslink Expands in Africa with Addition of 8 Independent Brokers

Brokerslink announced the expansion of its global broker network, which includes eight independent brokers from Africa, a brokerage in Indonesia, two specialist wholesale brokers and two companies that focus on risk and insurance services. Zug, Switzerland-based Brokerslink said its new …

Brown & Brown of Kentucky Acquires FNI Management Group

Brown & Brown of Kentucky, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of FNI Management Group, according to an announcement by Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and …

CoreLogic Estimates Hurricane Michael Losses Could Top $4.5B; Top 10 Insurers Affected

Hurricane Michael’s torrential rain, storm surge, and hurricane-force maximum sustained winds that reached 140 miles per hour Wednesday could result in a historically devastating event for the northeastern Gulf Coast, according to A.M. Best. After making landfall in the Panhandle …