Independent Agents Place Majority of U.S. P&C Insurance: Big I August 9, 2022 The independent agency channel places 62% of all property-casualty insurance written in the U.S., according to the Big “I” 2022...
People Moves: Anderson Joins Safety National Cyber Team; Coalition Hires First CFO August 8, 2022 Steven Anderson joins Safety National’s Cyber Insurance Team Steven Anderson has joined the Safety National cyber insurance team as Director...
FM Global Puts Aside $300 Million for Policyholders’ ‘Resilience Credit’ August 8, 2022 Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively...
U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash August 8, 2022 By Christopher Bing and Daphne Psaledakis The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from...
Agency Partnerships: MarshBerry Platform, First Choice Agents Alliance Combine August 8, 2022 The MarshBerry Platform announced it has merged with First Choice Agents Alliance (FCAA). The merger will position the combined firms...
Berkshire Hathaway Posts $43.8 Billion Loss as Stock Holdings Tumble August 8, 2022 By Jonathan Stempel The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run...
Gallagher Calls Alliant’s Filing in Poaching Suit a ‘Masterclass in Deflection’ August 8, 2022 By Chad Hemenway In the latest in the back-and-forth court filings between Arthur J. Gallagher and Alliant Insurance Services, Gallagher said its competitor...
U.S. Captive Market Thrives Amid Capacity, Pricing Challenges August 8, 2022 The U.S. captive insurance market segment continued to generate profits and surplus gains in 2021 while outperforming the commercial market,...
Sills Named CapSpecialty CEO as Sennott Steps Down August 5, 2022 CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation, said Jack Sennott is stepping down from his roles as CEO, president and...
Alliant Response to Gallagher Poaching Suit: Female Employees Left Due to Poor Treatment August 5, 2022 By Chad Hemenway Alliant Insurance Services fired back at rival Arthur J. Gallagher in response to a request from Gallagher for a temporary...