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Brown & Brown Agrees to Buy Dutch Insurance Broker, Quintes Holding B.V.

Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., a Netherlands-based insurance group. Brown & Brown acquired Quintes from the private investment firm Aquiline Capital Partners (which purchased a majority stake in Quintes …

Judge Finalizes Order to Stop Florida’s ‘Stop Woke Act’

TALLAHASSEE, Fla. (AP) — A judge issued a final order Friday to overturn a Florida law pushed by Republican Gov. Ron DeSantis that attempted to limit diversity and race-based discussions in private workplaces. U.S. District Judge Mark Walker previously ruled …

Bankrupt Steward Health to Close Two Massachusetts Hospitals

Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them, the company said Friday. Steward filed for bankruptcy in May, putting all of its 31 hospitals up for sale in …

Update: Legacy Acquisition Specialist Enstar to Be Acquired by Sixth Street for $5.1B

Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a private equity company led by former Treasury Secretary Steven Mnuchin), J.C. Flowers and …

AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023

The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report. …

Indivior Reaches $86 Million Opioid Settlement With 16 States

Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction across the United States, New York Attorney General Letitia James said on Friday. James said the settlement in principle concerned …

Aspen Promotes Dunleavy to Group President, Succeeding Coleman

Aspen, the Bermuda-based re/insurer, announced changes to its leadership, effective Aug. 1, 2024, aiming to create stronger, more accountable executive roles that are more responsive to the current priorities of Aspen. Under the new structure, Christian Dunleavy has been appointed …

Update: French Internet Cables Severed in Latest Attack During Olympics

A number of fiber optic cables carrying broadband service across France were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games. Connections serving Paris, which is hosting the Olympic Games this week, and the games …

Wildfire in Jasper National Park Could Burn for Months, Canadian Official Says

JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest blaze recorded in Jasper National Park in a century and could still be burning months from now, a Parks Canada …

Beirut Flights Canceled, Delayed Amid Fears of Israeli Attack

Flights to and from Beirut airport were canceled or delayed on Monday as tensions escalated between Israel and armed political group Hezbollah after a strike in the Israeli-occupied Golan Heights killed 12 children and teenagers. Air France said on Monday …

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