Thames Water Debt Insurer Taps Advisers as Crisis Deepens April 26, 2024 By Jessica Shankleman, Giulia Morpurgo and Lucca de Paoli A US insurance firm with at least $2 billion in exposure to Thames Water Utilities Finance Plc is working with...
Russia Reinsurer Backs Domestic Carriers to Get Indian Marine Insurance Permits April 26, 2024 By Nidhi Verma Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide...
Global Basel Committee Bolsters Rules for Supervising Banks, Non-Bank Sector April 26, 2024 By Huw Jones The world’s forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting risks from climate...
Aon Completes $13B Acquisition of Middle-Market Broker NFP April 26, 2024 Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP. The purchase...
ALKEME Acquires Illinois’ Ralph Weiner & Associates April 25, 2024 ALKEME announced the acquisition of Ralph Weiner & Associates, a retail insurance agency based in Wheeling, Illinois. Established in 1951,...
New Jersey Forest Service Says 510-Acre Wharton Wildfire Is 100% Contained April 25, 2024 The New Jersey Forest Fire Service said it has reached 100% containment of a 510-acre wildfire in the area of...
People Moves: XPT Specialty Expands with Industry Veteran April 25, 2024 XPT Specialty, headquartered in New Haven, Connecticut, hired Jody Travis as vice president and senior underwriter in its Houston office....
DHL to Pay $8.7M to Settle Race Discrimination Lawsuit in Illinois April 25, 2024 Delivery company DHL will pay $8.7 million and be subject to the oversight of a court-appointed monitor to settle a...
Houston Deputy Dies After Being Hit by Truck While Helping During Accident April 25, 2024 HOUSTON (AP) — A deputy who was a 20-year-veteran of a Houston-area sheriff’s office died Tuesday after being hit by...
Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’ April 25, 2024 By Chad Hemenway According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply...