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Generali Completes Purchase of Conning and Affiliates From Cathay Life

Generali announced it has completed the acquisition of Conning Holdings Ltd. (CHL) and Conning affiliates from Cathay Life, a subsidiary of Taiwan’s Cathay Financial Holdings. The deal, which was first announced on July 6, 2023, has been structured as an …

PCF Insurance Acquires Alabama’s MK Insurance Agency

PCF Insurance Services, a brokerage operating in 40 states, has acquired Hoover, Alabama-based MK Insurance Group, a family owned commercial and personal lines agency in business for six decades. MK Insurance has specialized in insurance coverage for high net-worth individuals, …

Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos

With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance product to help consumers …

Migrants Flown to Martha’s Vineyard by DeSantis Can Sue Charter Flight Company

BOSTON (AP) — Lawyers representing migrants flown to Martha’s Vineyard nearly two years ago by Florida Gov. Ron DeSantis can sue the charter flight company that transported them, according to a ruling Monday by a federal judge in Boston. The …

PE Firm Brera Partners Buys 70% of Shares in Italian Broker GBSAPRI Group

Brera Partners, a Zurich-based private equity firm specializing in investments in the asset-light financial services sector, announced it has acquired 70% of the shares in Italian insurance broker GBSAPRI Group, with the strategy to drive consolidation in Italy’s fragmented insurance …

Swiss Re Names Berger as Group CEO, Succeeding Mumenthaler

Swiss Re announced that Andreas Berger will become group chief executive officer, effective July 1, 2024, taking over from Christian Mumenthaler, who will step down. “The board unanimously determined that Andreas Berger is the right person to build on the …

Spinnaker Veterans Launch P/C Fronting Carrier With Backing From Bain Capital

Emerald Bay Risk Solutions has launched as a property/casualty insurance fronting carrier, backed by Bain Capital Insurance and headed by a group of insurance veterans who have fronting experience. Calling itself a “collaborative underwriting carrier,” the new entity hopes to …

KC Chiefs Player Cooperating With Police After Sports Car Crash in Texas

DALLAS (AP) — An attorney for Kansas City Chiefs player Rashee Rice said Monday that the wide receiver is cooperating with authorities after a speeding Corvette and Lamborghini sport utility vehicle caused a chain-reaction crash on a busy Dallas highway …

Phoenix Ordinance Adds Rules to Protect Workers from Extreme Heat

With hundreds of heat related deaths in and around Phoenix, Arizona last year, a new city ordinance has taken a “critical first step” to protect workers for city contractors from the dangers of extreme heat. That was the praise from …

People Moves: USG Names Chen Associate Producer/Broker; Christensen Appointed WCF CHRO as McFarland Retires

USG Hires Chen as Associate Producer/Broker USG Insurance Services, Inc., headquartered in Tampa, Florida, hired Calvin Chen as an associate producer/broker in the company’s Irvine, California, office. Chen has over 18 years of experience in client consulting, revenue/lead generation and …