House Passes Another Stop-Gap Flood Insurance Extension; Senate Expected to Follow July 25, 2018 The House of Representatives passed a measure to reauthorize the nation’s flood insurance program for four months beyond its current...
Ascot Creates U.S. Trade Credit Division; Hires Collins, Barrett to Lead July 25, 2018 Bermuda-based specialty insurer Ascot has created a trade credit insurance division with the appointments of Doug Collins as executive vice...
A.M. Best Assigns Credit Ratings to Clearwater Select Insurance Company July 25, 2018 A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a+ to...
The Maryland Insurance Administration Continues Efforts to Stop Insurance Fraud July 25, 2018 In the first half of 2018, Maryland Insurance Administration (MIA) investigations led to the criminal prosecution of 12 people for...
Burns & Wilcox Hires Cunningham to New York City Office July 25, 2018 Burns & Wilcox, a wholesale insurance broker and underwriting manager, has hired Jeffrey R. Cunningham to its New York City...
Willis Towers Watson Strengthens Facultative Reinsurance Team in France July 25, 2018 Willis Towers Watson announced it has reinforced its existing facultative reinsurance business in France by strengthening and growing its Paris-based...
Fewer Than 5,000 UK Financial Services Jobs Expected to Move by ‘Day One’ of Brexit July 25, 2018 Fewer than 5,000 financial jobs might move out of Britain by “Day One” of Brexit and future relocations will depend...
M&A Deals Likely to Become More Challenging as Sellers Seek High Deal Values July 24, 2018 The current operating environment continues to prompt mergers & acquisitions (M&A) among insurers and reinsurers. However, the number of potential...
Tropical Storm in Vietnam Triggers Floods, Killing at Least 20 People July 24, 2018 Flooding triggered by a tropical storm has killed at least 20 people and left over a dozen missing in northern...
Virginia’s The Hilb Group Acquires Southern Maryland Insurance July 24, 2018 The Hilb Group LLC (THG) has acquired Southern Maryland Insurance Inc. (SMI). The transaction became effective July 1, 2018. Located...