Lloyd’s Re/Insurer Apollo Receives $90M Investment From Alchemy Partners October 12, 2021 Apollo Group Holdings Ltd., the largest independent, management-owned business at Lloyd’s, announced it has agreed a $90 million investment by...
Following Last Year’s Rate Hike, Alabama DOI to Hold Hearing on Comp Decrease October 12, 2021 The Alabama Department of Insurance will hold a hearing Nov. 16 on a proposed, significant decrease in workers’ compensation loss...
Police Investigating Pair of Suspicious Fires in Vermont October 12, 2021 Authorities are investigating whether two suspicious fires in Vermont are connected. One of the fires happened Saturday at an auto...
SECURA Insurance Begins Offering Specialty Lines Products in Pennsylvania October 12, 2021 SECURA Insurance has begun offering its specialty lines products in Pennsylvania. For the initial launch, the company is partnering exclusively...
Hub International Limited Acquires Assets of New York’s Safe Harbour Group October 12, 2021 Hub International Limited, a global insurance brokerage and financial services firm, acquired the assets of Safe Harbour Group Ltd. Terms...
U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses October 12, 2021 The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and...
SiriusPoint Appoints Reinsurance Exec Heerasing; HDI Promotes Ogden as Director of Underwriting/Distribution; Besso Builds Property/Specialty Team With Hires From Tysers October 12, 2021 This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer HDI Global, and Lloyd’s broker Besso. A summary...
U.S. Has Had 18 Weather Events Each With $1 Billion Losses Thus Far in 2021 October 12, 2021 Through the end of September, there have been 18 weather and climate disaster events with losses exceeding $1 billion each...
Specialty MGA Rokstone Launches Terrorism Facility in the UK, Led by Ensurance’s Steel October 12, 2021 Rokstone, the London-based speciality re/insurance managing general agency, has launched a new terrorism facility with “A”-rated capacity in the UK....
Potentially ‘Massive’ Litigation Over Recalled Philips Sleep Apnea Devices Advances October 12, 2021 By Jef Feeley Royal Philips NV will face more than 100 U.S. lawsuits gathered in a Pennsylvania court over its recall of more...