Morristown, N.J.-based ProSight Specialty Insurance has made two key appointments to the management team of its Lloyd’s operation, ProSight Specialty Managing Agency. Philip Green becomes finance director while Jonathan Kennet has been appointed to the role of deputy active underwriter. …
Insurance mergers and acquisitions rarely raise red flags with U.S. national security watchdogs. China’s Fosun International Ltd. took that history to heart last year when it paid $1.84 billion for the remaining 80 percent stake of U.S. property and casualty …
Despite recent slowdowns, emerging economies are expected to outperform advanced markets over the next five years, according to a report published by JLT Re. The emerging economies examined in the JLT Re study are also expected to gain an increasing …
Canadian health benefit startup League Inc said on Wednesday it has teamed up with the insurance arm of backer Royal Bank of Canada as it expands into insurance, targeting the many small businesses offering no such benefits to employees. The …
Zurich North America has appointed David Putz as head of Direct Markets and Programs effective January 1, 2017. Putz is currently head of Direct Markets for Zurich and with the retirement of current head of Programs, Roger Brunner, his role …
The Kentucky Department of Environmental Protection says the state has finished cleaning up large amounts of arsenic in Ohio County. The Owensboro Messenger-Inquirer reports that the agency spent the summer removing arsenic-contaminated soil and replacing it with dirt and loose …
The Consumer Financial Protection Bureau survived a constitutional challenge and will remain in business, though a federal appeals court took away power from its director and tossed out a $109 million penalty against a mortgage company. The long-awaited decision was …
LCTA Workers’ Comp (LCTA), a Louisiana’s workers’ compensation provider, has expanded its geographic reach to include Mississippi. The company has also secured a license to write insurance in Arkansas. On Oct. 1, LCTA began writing lines of workers’ comp coverage …
Maureen Miller was among the 2 million people ordered to evacuate coastal areas in the Southeast ahead of Hurricane Matthew. Her family and their dog spent two nights in a hotel and struggled through police roadblocks to return. When they …
BreweryPak, an insurance program designed for breweries, is now offering a new workers’ compensation coverage for their insured breweries across the country. Backed by Great American Insurance Group—which writes approximately $1.2 billion of workers’ compensation coverage each year—this workers’ compensation …
