Business Insurance
RSC Insurance Brokerages Inc., which does business as Risk Strategies Co., said Monday it has acquired Delray Beach, Florida-based Danna-Gracey Inc., a medical malpractice liability agency.
Posted: Aug 16, 2021
Guy Carpenter & Co. LLC, the reinsurance brokerage business of Marsh & McLennan Cos. Inc., said Monday it has named former Willis Re executive Michael Harden as president of Asia Pacific, effective immediately.
Posted: Aug 16, 2021
Hub International Ltd. said Monday it has acquired commercial broker Dissinger Reed LLC.
Posted: Aug 16, 2021
Ryan Specialty Group LLC said Friday that its email system was breached in April, and personal information, including Social Security numbers and medical information, could have been accessed.
Posted: Aug 16, 2021
Afghanistan’s aviation authority said on Monday the country’s airspace had been “released to the military” and advised airlines to avoid its air corridors, prompting major airlines to divert flights in the wake of the Taliban’s takeover of Kabul.
Posted: Aug 16, 2021
The Occupational Safety and Health Administration on Friday issued new guidance for workplaces during the COVID-19 pandemic, aligning the agency with the U.S. Centers for Disease Control and Prevention’s stance that vaccinated individuals need to wea...
Posted: Aug 16, 2021
Kuwait-based Gulf Insurance Group KSCP’s net profit rose almost 20% year-on-year to nearly 12 million Kuwaiti dinar ($39.2 million) in the first half of the year, driven by improved investment performance.
Posted: Aug 16, 2021
China’s Ministry of Emergency Management said that heavy rains may trigger further flooding across various parts of the country in August, widening losses from the recent weather disasters.
Posted: Aug 16, 2021
A 7.2-magnitude earthquake struck Haiti on Aug. 14, destroying and damaging almost 30,000 buildings.
Posted: Aug 16, 2021
Nepal’s leading insurers Himalayan General Insurance Co. Ltd. and Sagarmatha Insurance Co. Ltd. have merged to form the country’s biggest insurer.
Posted: Aug 16, 2021
Turkey's Natural Disasters and Emergency Directorate said that the last week’s flash floods across the Turkish Black Sea coast destroyed bridges and buildings and caused power outages across hundreds of villages.
Posted: Aug 16, 2021
The Competition Commission of Pakistan has imposed a record fine of 44 billion Pakistani rupees ($265 million) on the Pakistan Sugar Mills Association and 55 sugar mills for anti-competitive practices.
Posted: Aug 16, 2021
A report by Aon PLC showed that Middle East suffered more than $330 million in economic losses from the wildfires and floods that struck the region in July.
Posted: Aug 16, 2021
A federal appeals court has reinstated a hostile retail environment claim filed against a Pep Boys store manager who allegedly used a racial epithet in talking with a Black couple.
Posted: Aug 13, 2021
In the spirit of SpongeBob SquarePants’s favorite expletive: Tartar sauce!
Posted: Aug 13, 2021
A federal court has dismissed COVID-19 business interruption litigation filed by the Los Angeles Lakers basketball team against a Chubb Ltd. unit, ruling the team had not supported its claim that the virus caused direct physical loss or damage.
Posted: Aug 13, 2021
An Illinois court on Thursday refused to dismiss a COVID-19 business interruption lawsuit filed by construction development and management companies against a CNA Financial Corp. unit, stating the plaintiffs had alleged evidence of physical loss or d...
Posted: Aug 13, 2021
Arthur J. Gallagher & Co. will pay significantly more for Willis Towers Watson PLC’s reinsurance brokerage business if the second iteration of the deal goes through as planned, but the acquisition will help drive Gallagher forward in numerous ways, i...
Posted: Aug 13, 2021
Axa XL, a unit of Axa SA, has promoted Dane Mahoney to global head of political risk, credit and bond risk management.
Posted: Aug 13, 2021
Alera Group has acquired Risk Consulting Partners LLC, a St. Louis-based broker, in a move its private equity and executive risk expertise.
Posted: Aug 13, 2021
Executive moves and changes dominate this week’s news, with three of the top five stories involving brokerages hiring former Willis Towers Watson execs.
Posted: Aug 13, 2021
Poly Network, the cryptocurrency platform that lost $610 million in a hack earlier this week, confirmed on Friday it had offered the hacker or hackers a $500,000 “bug bounty.”
Posted: Aug 13, 2021
Arthur J. Gallagher & Co. announced Friday that it has agreed to buy Willis Towers Watson PLC’s treaty reinsurance business in a deal that could rise to $4 billion.
Posted: Aug 13, 2021
Tropical Storm Fred caused flooding and traffic and power disruptions as it made landfall in Dominican Republic on July 11.
Posted: Aug 13, 2021
Data from India’s General Insurance Council showed that nonlife insurance premiums rose 19.5% year-on-year to nearly 202 billion Indian rupees ($2.7 billion) in July.
Posted: Aug 13, 2021