Worldwide Facilities has acquired Tennant Risk Services Insurance Agency LLC. Worldwide Facilities is a Los Angeles, Calif.-headquartered, national wholesale insurance brokerage and managing general agency. Tennant Risk Services Insurance Agency is a West Hartford, Conn.-based wholesale insurance broker and underwriting …
Ryan Specialty Group LLC (RSG) has completed its acquisition of the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day was founded in 2005 and is a specialist …
Maryland’s largest health insurer says a phishing attack may have exposed the personal information of nearly 7,000 members. News outlets report CareFirst BlueCross BlueShield said Friday that an employee’s email account was compromised March 12, and could have allowed access …
The Lloyd’s Market Association (LMA) has announced four new members of its board, following a recent nomination process. Effective from the annual general meeting to be held on May 31, 2018, one new and three re-appointed board members are: David …
Workers’ compensation insurer Stonetrust Commercial Insurance Co. has begun writing business in Missouri and Tennessee. Stonetrust, which is headquartered in Baton Rouge, Louisiana, is also writing in Louisiana, Texas, Oklahoma, Arkansas, Mississippi and Nebraska — in addition to Missouri and …
The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €680 million (US$837.8 million), according to PERILS, the Zurich-based organization that provides industry-wide catastrophe insurance data. This second loss estimate for Burglind has risen …
Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has added a global property facultative reinsurance offering to its portfolio. Paul Witzenfeld joins Castel Specialty to underwrite a book of global property facultative reinsurance business targeting …
The Bermuda Monetary Authority (BMA) has experienced a recent uptick in re/insurance registrations. Registrations for the first two months of 2018 include 11 re/insurers and one intermediary. These re/insurers include three Class E long-term (life) commercial re/insurers and one general …
FWD Group announced the appointment of Ken Lau as managing director, Greater China, and chief executive officer, Hong Kong & Macau, effective March 29, 2018. With more than 27 years’ insurance industry experience across the region, Lau “will lead FWD’s …
Armed security officers are becoming more prevalent at America’s schools, according to a federal study released last week amid a debate over whether teachers and other school officials should carry guns. While student and staff fatalities at school persist, students …
