January 2020 Reinsurance Renewals Varied Significantly, Brokers Say January 6, 2020 By L.S. Howard The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss...
Chaucer Names 3 U.S. Property Executives January 6, 2020 Specialty insurer Chaucer announced the appointment of Chance Gilliland as head of U.S. Property Insurance, Mel Smart as head of...
Capsicum Re Launches Aviation Reinsurance Team, Led by Bell from AIG January 6, 2020 Capsicum Re, the specialist reinsurance broker, launched a aviation reinsurance team led by David Bell. Bell is based in London...
Guy Carpenter Promotes Saper as CEO of Pacific Region January 6, 2020 Guy Carpenter & Co., the global reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Jeff...
Arthur J. Gallagher & Co. Acquires Minority Stake in Malaysia’s SP&G Insurance Brokers January 6, 2020 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a minority stake in Malaysian broker...
Australia Sees No End to Unprecedented Wildfire Crisis January 6, 2020 By Jason Scott Exhausted firefighters welcomed cooler weather and patchy rain in blaze-ravaged southeastern Australia Monday after a calamitous few days, even as...
Judge Triples Award for Hewlett Packard Against Quanta in Price-Fixing Scheme January 6, 2020 By Laurel Brubaker Calkins HP Inc. was awarded $439 million in damages against Quanta Storage Inc. and its U.S. subsidiary after a federal judge...
Digital MGA Clearcover Raises $50M; Plans on Entering More States, Becoming Carrier January 6, 2020 Clearcover, a digital managing general agent focused on auto insurance, said it has raised $50 million in new financing. The...
Insurance Market Shrinking as Senior Living Industry Grows January 6, 2020 By Andrea Wells The senior population continues growing at a time when the insurance market for senior living operations is under strain and...
Weinstein Criminal Trial on Rape Charge to Open 2 Years After #MeToo Movement Started January 5, 2020 By Patricia Hurtado and Rebecca Greenfield More than two years and a lifetime ago, Hollywood’s open secrets about Harvey Weinstein finally spilled into public view. Few...