Chubb announced that Tara Parchment, vice president, Personal Risk Services, UK & Ireland, has been appointed as head of its European Personal Risk Services division. In this role, Parchment will have responsibility for the performance of the company’s high net …
With growth prospects becoming rarer in the continuing competitive insurance market, carriers are among three sets of buyers fueling a hot M&A environment for specialized managing general agencies, representatives of GC Securities said Sunday. In a blog item on Guy …
The industry’s Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and could be on the cusp of an industry revolution. Unveiled this week at the reinsurance Rendez-Vous de Septembre in Monte …
Global insurance broker Hub International Ltd. has acquired Delisle Agencies Ltd. of Delisle, Saskatchewan, Canada. Terms of the acquisition were not disclosed. The family-owned Delisle Agencies specializes in personal lines and government automotive insurance solutions. Rob Ouellette, president, will join …
Growing cyber crime has spurred proposals to strengthen the European Union’s specially dedicated security agency and set up a fund to help countries who suffer such attacks. An increase in ransomware attacks such as this year’s WannaCry worm that locked …
Liberty Mutual and Ironshore’s dedicated construction practices have introduced an Integrated Primary Wrap Up/Project Specific program offering general liability (GL) and professional liability (PL) protection for medium and large construction projects developed through design-build or integrated project delivery (IPD). Workers’ …
Hurricane Irma’s devastating storm surge came with weird twists that scientists attribute to the storm’s girth, path and some geographic quirks. A combination of storm surge, heavy rains and swollen rivers sent some of the worst flooding into Jacksonville, Florida, …
The Florida Office of Insurance Regulation has suspended and activated certain insurance rules and statutes for the health, safety, and welfare of Florida’s policyholders in the aftermath of Hurricane Irma, according to an emergency order from Insurance Commissioner David Altmaier …
Seeman Holtz Property & Casualty, Inc. (SHP&C) has acquired Stirling Insurance Services, Inc., headquartered in Boca Raton, Florida. Stirling has served all of Florida for over 28, led by Terry Sgammato and his team who provide all insurance products and …
A Hugo, Minn., construction company will pay $125,000 to settle a racial harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency reported. The EEOC’s lawsuit charged that JL Schwieters Construction Inc. violated federal law when …
