People Moves: Sompo Promotes Allen as CUO of Global Markets Commercial P&C Insurance, Succeeding Easton; BMS Taps Howden’s Leahy as Cyber Practice Co-Leader March 20, 2024 This edition of International People Moves details appointments at re/insurer Sompo and the re/insurance broker BMS. A summary of these...
UK’s Ardonagh to Acquire Independent Italian Insurance Broker Mediass March 20, 2024 The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Mediass, an independent Italian insurance...
Tokio Marine Has $10 Billion for Potential Acquisitions: Executive March 20, 2024 Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world,...
Iowa Agrees to Speed Up Access to Civil Court Cases March 20, 2024 DES MOINES, Iowa (AP) — The state of Iowa will provide “contemporaneous” access to newly filed civil court cases to...
Vale Faces $3.8 Billion Claim in Dutch Case Over Mariana Dam Break in Brazil March 20, 2024 Victims of the 2015 Mariana dam break in Brazil are seeking about 3 billion pounds ($3.8 billion) in compensation from...
Marsh: Transactional Risk Insurance ‘Remained Resilient’ in 2023 March 20, 2024 Despite a drop in the total number of global mergers and acquisitions, demand for transactional risk insurance “remained resilient” in...
650,000 Residential Properties Hit by Severe Hail in Central US Storms March 20, 2024 A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to...
Markets/Coverages: CFC Introduces Carbon Delivery Insurance Policy March 20, 2024 Specialty insurer CFC announced its entry in the carbon insurance market with the launch of a groundbreaking new product. CFC...
Homeowners Insurance Customer Satisfaction at 7-Year Low March 20, 2024 With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven...
Member of Major Catalytic Converter Theft Crew Sentenced to More Than Three Years March 20, 2024 A Springfield, Massachusetts man was sentenced last week in federal court in Boston for his role in a regional organized...