Tim Temple Sworn in as Louisiana Insurance Commissioner January 8, 2024 Tim Temple was sworn in as Louisiana Insurance Commissioner at noon Monday. Temple won election for the state’s top insurance...
Michigan Sees Decrease in Uninsured Motorists Following Auto Insurance Reform January 8, 2024 Michigan reported the largest decrease in uninsured motorists of any state between 2020 and 2022, according to a recent study...
Lawsuit Says Compensation Delayed for Victims of Worst Wildfire in New Mexico History January 8, 2024 A new lawsuit has been filed against the Federal Emergency Management Agency, alleging compensation has been delayed for victims of...
People Moves: Everest Re Promotes Wallace as Head of UK Branch and CUO; Swiss Re Corporate Solutions Names Rüsch as Head of DACH Region January 8, 2024 This edition of International People Moves details appointments at Everest Reinsurance and Swiss Re Corporate Solutions A summary of these...
Rokstone to Grow N.A. Marine Portfolio With $25M Allianz-Backed Partnership January 8, 2024 Specialty MGA Rokstone of the Aventum Group announced a significant enhancement to its North American marine operations. Allianz Commercial has...
China Broker TIAN RUIXIANG Agrees to Buy Hong Kong’s Peak Consulting Services January 8, 2024 TIAN RUIXIANG Holdings Ltd., the Beijing, China-based insurance broker, announced its subsidiary TRX HongKong Investment Ltd., has entered into a...
Majesco Acquires Decision Research Corp. Insurance Software Business January 8, 2024 Majesco, a cloud insurance software provider for the insurance business, announced it has acquired the Decision Research Corporation (DRC) business....
Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform January 8, 2024 Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London...
Gallagher Acquires German Specialty Broker Köberich Financial Lines January 8, 2024 Gallagher announced it has acquired Köberich Financial Lines. Terms of the transaction were not disclosed. Köberich specializes in D&O insurance,...
FEMA Adds Nearly $620M to Reinsurance Program January 8, 2024 FEMA announced that the agency is transferring $619.5 million more of the National Flood Insurance Program’s financial risk to the...