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People Moves: Everest Promotes Williamson to Lead Global Re/Insurance Businesses

Everest Promotes Williamson to Lead Global Re/Insurance Businesses Everest Group Ltd., the Bermuda-based property, casualty, and specialty re/insurer, announced that Jim Williamson has been promoted to lead Everest’s reinsurance and insurance businesses. Williamson currently serves as Everest’s EVP, group chief …

Skyward Specialty, New Heights Partner to Enhance Crane and Millwright Capabilities

Skyward Specialty Insurance Group, Inc and New Heights Insurance Solutions, a division of Specialty Program Group LLC, announced a strategic partnership to expand crane and millwright capabilities for both companies. With more than than two decades of experience, New Heights …

People: Atlas Elevates Two in Florida, Tennessee’s Assistant Commissioner Retires

Atlas Insurance has named Jared Hawkins and Michael Howard partners in the Sarasota-based agency. Howard is a third-generation insurance agent at the firm and Hawkins is a second-generation agent who specializes in construction coverage, the Sarasota Herald-Tribune reported. Hawkins has …

Baltimore in State of Emergency. Videos Capture Bridge Collapse, Eyewitnesses, Rescue.

Baltimore Mayor Brandon M. Scott has declared a state of emergency in Baltimore City in response to the Francis Scott Key Bridge collapse incident that took place this morning. https://youtu.be/7JDeBPuFQS0?feature=shared The declaration mobilizes Baltimore’s emergency resources to protect the persons …

Carey Assumes Post as Maine Insurance Regulator

Robert L. Carey was sworn in as Maine superintendent of insurance on February 28 after being confirmed by the state Senate. Carey brings more than two decades of experience advising state regulators and lawmakers on insurance policy, markets, and regulation. …

Hannover Re Combines Cyber, Digital Underwriting Expertise in New Reinsurance Unit

Hannover Re will combine its global business in the areas of cyber and digital, creating a new specialty reinsurance business unit, effective April 1, 2024. Hannover Re said the new business unit aims to enhance Hannover Re’s position as a …

FACTBOX— Baltimore Port: From Coal to Cars and Cruise Lines

A major bridge collapsed in the U.S. port of Baltimore in the early hours of Tuesday after being struck by a container ship, plunging cars into the river below. Traffic was suspended at the port until further notice, Maryland transportation …

Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians

Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it provides insurance capacity up to $825 …

Vital Baltimore Bridge Collapses After Being Struck by a Ship

A major commuter bridge in Baltimore collapsed after being rammed by a container ship, causing vehicles to plunge into the water and threatening chaos at one of the most important ports on the US East Coast. Baltimore Fire Chief James …

People Moves: Aspire in California Names McQuaid VP of Product; CWCI Elects 2024 Board of Directors

Aspire Appoints McQuaid VP of Product Aspire General Insurance, headquartered in Rancho Cucamonga, California, named Pam McQuaid vice president of product. McQuaid has more than 25 years of extensive experience in insurance product management. She comes from Liberty Mutual/Safeco, where …