Arch Capital Group reports estimated pre-tax losses of $60 million to $75 million from fourth quarter catastrophic events, primarily the California wildfires. This estimated range of losses – net of reinsurance recoveries and reinstatement premiums – updates previous estimates from …
A state official says a fire at a northern New Hampshire logging business has destroyed several buildings. WMUR-TV reports the fire started at about 2 a.m. Monday at A.B. Logging and Trucking in Lancaster, N.H. Executive Councilor Joe Kenney visited …
Billionaire Ira Rennert has filed a $214 million malpractice lawsuit against his former law firm, after a jury found him liable for looting his magnesium company to build a huge mansion in New York’s Hamptons. Renco Group Inc, Rennert’s holding …
Strategic Insurance Agency Alliance (SIAA), a Hampton, N.H.-based alliance of independent insurance agencies in the U.S., has hired Lizah Carey as a business insurance development specialist for its Business Insurance Advantage (BIA) program. The BIA program is a training and …
A Pennsylvania state court judge on Tuesday overturned a $27.8 million jury award to an Indiana couple who accused Bayer AG and Johnson & Johnson of failing to warn of internal bleeding risks of their drug Xarelto, the companies said. …
Berkshire Hathaway Inc. on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, cementing their widely viewed status as potential successors to Warren Buffett as the conglomerate’s chief executive. Abel was named Berkshire’s vice chairman for non-insurance …
Britain’s Prime Minister Theresa May will meet executives from major finance companies on Thursday to give them a clearer idea of what Britain’s European Union exit will mean for them. There are concerns that Brexit threatens London’s status as the …
American International Group Inc. may be back in the market for large-scale deals. The insurer was in talks to buy Voya Financial Inc. in a transaction valued at more than $10 billion before negotiations fell apart in November over the …
I don’t know what’s more ubiquitous in insurance, the veiled claim report that starts with, “So, would there be coverage if…” or the request to add an additional insured. When I was an underwriter, working with fire departments, it seemed …
London-based broker Beach & Associates announced Acrisure LLC has agreed to acquire 100 percent of the company’s equity from existing shareholders. These shareholders include Aquiline Capital Partners, a private equity firm led by Jeff Greenberg, as well as current and …
