MS Amlin, the London-based re/insurer, announced the launch of David Ashby Underwriting Ltd (DAU), a specialist equine MGA. MS Amlin will serve as lead underwriter for the MGA and provide 50% of capacity for DAU through a joint venture with …
AXA XL announced it has successfully merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Co. SE (XLICSE). The merger, which was approved by the relevant regulatory authorities including the Central Bank of Ireland and the Irish High …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it increased its stake in Capsicum Reinsurance Brokers from 33% to 100%, effective Jan. 1, 2020. Financial details of the transaction were not disclosed. Founded in December 2013 by …
The Massachusetts Supreme Judicial Court (SJC) has ruled that a University of Massachusetts Boston (UMass) student newspaper editor cannot be held liable for defamation after republishing police blotter entries describing a man’s allegedly suspicious activities near campus. In its ruling, …
Global re/insurance outsourcing and consulting specialist Pro Global Holdings Ltd. announced that Steve Lewis has been appointed as CEO, effective Feb. 1, 2020. Lewis has proven experience and strong relationships in the global re/insurance sector, most recently as UK and …
Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost two decades as a shortage of supply and high natural catastrophe payouts help reverse declining premiums. “The last time this …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has acquired a 60% interest in Caribbean insurance broker Risk Management Services Ltd. (RMS). Terms of the transaction were not disclosed. Formed in 1978 and located in Port …
A Texas-based salvage company will cut up and remove a 656-foot (200- meter) shipwreck from St. Simons Sound off the coast of Georgia. The Coast Guard’s Unified Command has hired T&T Salvage LLC of Galveston to remove the Golden Ray …
An expert panel formed by the U.S. Food and Drug Administration has endorsed asbestos testing standards for cosmetics that reject long-held industry positions and reflect those of public health authorities and experts for thousands of plaintiffs who allege contaminated talc …
Wells Fargo & Co. was told to pay $102.8 million after a federal jury in Texas said in infringed United Services Automobile Association’s patents for a mobile deposit system. It’s the second trial Wells Fargo has lost against USAA. In …
