Business Insurance
Ballantyne Brokers Ltd., an independent London-based brokerage specializing in small-medium enterprise program business, launched on Wednesday with backing from K2 Insurance Services LLC.
Posted: Dec 02, 2020
Aon PLC said Wednesday it is introducing cyber and professional liability insurance online for small and medium-sized businesses.
Posted: Dec 02, 2020
Managing general agent Method LLC has partnered with Gradient AI to create an artificial intelligence and machine learning component into its workers compensation underwriting process, the MGA announced Tuesday.
Posted: Dec 02, 2020
Posted: Dec 02, 2020
Beecher Carlson Insurance Services LLC has named Oren Wortman managing director of its national cyber practice, the brokerage said in a statement Wednesday.
Posted: Dec 02, 2020
Private U.S. companies have the right under the law to require employees to get vaccinated against COVID-19, but are unlikely to do so because of the risks of legal and cultural backlash, experts said.
Posted: Dec 02, 2020
Employers can save an average of $8,500 in turnover, replacement and health care costs by supporting workers suffering from substance use disorders, according to a study released Wednesday by the National Safety Council.
Posted: Dec 02, 2020
Skyward Specialty Insurance Group Inc. said Tuesday it has named Rick Childs to the newly created position of senior vice president, construction.
Posted: Dec 02, 2020
Fifty-four percent of global employers say they do not have “adequate” resources to deal with the COVID-19 pandemic when it comes to ensuring the health and safety of workers, according to a risk outlook report released Wednesday by London-based heal...
Posted: Dec 02, 2020
The Capital Markets Company NV, a Belgium-based management and technology consultancy that operates under the name Capco, announced Wednesday that it has acquired Neos LLC, a Hartford, Connecticut-based technology consultancy.
Posted: Dec 02, 2020
AmWINS Group Inc. said Tuesday it has agreed to buy Hamilton, Bermuda-based International Specialty Brokers Ltd., a property/casualty wholesaler and reinsurance broker.
Posted: Dec 02, 2020
John Keogh, executive vice chairman and chief operating officer of Chubb Group, has been named president, effective immediately.
Posted: Dec 02, 2020
An appeals court in Mississippi on Tuesday classified as “moot” the court-ordered home modifications in a case stemming from a woman who became a paraplegic as a result of a work-related car accident in 2015 and who died while her case went to appeal...
Posted: Dec 02, 2020
Hub International Ltd. has acquired Canadian brokerage Seymour Alper Inc., Hub said in a statement Wednesday.
Posted: Dec 02, 2020
Alera Group has acquired Lighthouse Group, a Grand Rapids, Michigan-based property/casualty and employee benefits brokerage.
Posted: Dec 02, 2020
Lockton Cos. LLC has hired three transaction liability brokers from rival Aon PLC, the brokerage announced on Wednesday.
Posted: Dec 02, 2020
Marsh & McLennan Agency LLC, the middle-market unit of Marsh LLC, has bought Louisville, Kentucky-based Heritage Insurance Service Inc., the brokerage announced Wednesday.
Posted: Dec 02, 2020
Germany-based insurer Allianz SE has acquired Australia-based Westpac Banking Corp.’s general insurance business for $725 million Australian ($535 million).
Posted: Dec 02, 2020
Axa XL, a unit of French insurer Axa SA, is looking to reduce its exposure to natural catastrophes in the upcoming years to improve business sustainability and profitability.
Posted: Dec 02, 2020
A hacker group breached Israel-based insurer Shirbit Insurance Co. Ltd.’s network infrastructure on Dec. 1, stealing personal details of the insurer’s employees and clients.
Posted: Dec 02, 2020
South Korea's Fair Trade Commission has fined shipbuilder Daewoo Shipbuilding & Marine Engineering Co. Ltd. 15.3 billion South Korean won ($13.8 million) for violation of the Fair Transactions in Subcontracting Act.
Posted: Dec 02, 2020
U.S.-based Moody's Investors Service Inc. has said that Hurricanes Eta and Iota have inflicted lasting damages on Nicaragua, Honduras, El Salvador and Guatemala.
Posted: Dec 02, 2020
At least 607 Japanese organizations suffered cyber attacks due to unpatched virtual private network appliances that facilitate remote working during the COVID-19 pandemic.
Posted: Dec 02, 2020
Data from the Australian Prudential Regulation Authority showed that general insurers’ aggregate net profit after tax declined by 73% to 0.9 billion Australian ($0.66 billion) in the year ended September 2020.
Posted: Dec 02, 2020
The Society of Motor Manufacturers and Traders has said that a no-deal Brexit with resulting trade barriers and tariffs could cost €110 billion ($132 billion) in lost trade to the European automotive industry by 2025.
Posted: Dec 02, 2020