Articles by

People Moves: Lerant Joins South & Western; CompSource Mutual Insurance Company Names Ingram CEO; BenefitMall Appoints Long Retention Sales Manager for Georgia and Florida

Lerant Joins South & Western as Business Development Specialist Lou Lerant recently joined South & Western Insurance as a business development specialist. South & Western Insurance, based in Addison, Texas, is a member of the Bridge Specialty Group. Lerant will …

Resilience in California Launches Technology E&O Coverage

San Francisco, California-based Resilience launched a Technology Errors & Omissions coverage for U.S. organizations with $300 million to $10 billion in revenue. With $10M in limits available for both primary and excess placements, the E&O addition to Resilience’s existing cyber …

Biden Approves Federal Disaster Aid for Vermont for December Flooding, Severe Storm

President Joe Biden has approved a federal disaster declaration sought by Gov. Phil Scott to help communities in seven Vermont counties that saw severe rainfall and flooding in December. Federal funding is available on a cost-sharing basis to state and …

Cleanup and Track Repair Underway After Train Collision and Derailment in Pennsylvania

Norfolk Southern crews and contractors are working on cleanup and track repair after a collision and derailment in eastern Pennsylvania over the weekend involving three trains that left some railroad cars scattered along a riverbank and at least one partially …

Markets/Coverages: Mosaic Offers $25M in Liability Protection for Asset Managers

Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of specialized financial institutions products, offering $25 million in investment management insurance (IMI), blended with cyber and other coverage for asset managers, funds, and associated directors. The global company’s new …

Cal/OSHA Increases Civil Penalty Amounts for 2024

California’s Division of Occupational Safety and Health recently increased penalties for certain violations, with some maximum penalties planned to rise as much as $4,983 this year, a smaller increase than in the past. This annual Cal/OSHA increase is required by …

S&P Says Flooding Events for California Cities and Counties May Result in Credit Risks

California’s high rainfall in 2023 is continuing into 2024 but has yet to have a material effect on credit quality for cities and counties rated by S&P Global Ratings, however the longer-term effects on issuers could be more significant, the …

People Moves: AXIS Taps SCOR’s Dejung as Global Cyber & Technology CUO; SiriusPoint Names 3 Key Leaders in Global Underwriting

This edition of International People Moves details appointments at Bermuda-based AXIS Capital Holdings and SiriusPoint. A summary of these new hires follows here. AXIS appoints Dejung as Global Cyber & Technology CUO AXIS Capital Holdings Ltd. announced the appointment of …

Hub International Acquires Pair of Michigan Agencies

Hub International Limited, a global insurance brokerage and financial services firm, announced that it has acquired A.S. Arbury and Sons, Incorporated (Arbury Insurance Agency) and the assets of Michelle L. Everett, Inc. (Michigan Insurance Associates). Terms of the transaction were …

People Moves: Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in N. America; Sedgwick Names Liberty Mutual’s Fink as Chief Marketing Officer

Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in North America Lockton Re, the reinsurance business of independent insurance broker Lockton, announced that Brian Lewis has joined as senior broker leading the Cyber Practice for North America and …