AXA Liabilities Managers has agreed to acquire RenaissanceRe (UK) Limited, a company currently in runoff, from RenaissanceRe Holdings Ltd. Formerly known as Tokio Millennium Re (UK) Limited, the UK run-off business was acquired by RenaissanceRe as part of its purchase …
Insurance broker Aon reported it has acquired Cytelligence Inc., a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services and cyber security training for employees. Aon said the acquisition will help it expand its …
Generally speaking, Labor Law Section 240(1) (“240”) imposes strict liability on owners and general contractors for certain height/gravity-related accidents that occur at construction projects. Establishing a height/gravity-related risk should not be enough for a plaintiff to prevail. Under the statute, …
USA Gymnastics has filed a bankruptcy plan that includes an offer of $215 million for sexual abuse survivors to settle their claims against the embattled organization. The $215 million total is the amount the insurance carriers for USA Gymnastics and …
The Andrew Agency has acquired A & R Associates in Alexandria, Va., effective January 15, 2020. Terms of the transaction were not disclosed. Founded in 1971, A & R Associates provides commercial insurance services to clients throughout Virginia, Maryland and …
Insurance intermediary Global Risk Partners announced a major investment into the firm from Searchlight Capital Partners, a global private investment firm. Founders Peter Cullum and David Margrett and founding investor Penta Capital will all retain minority stakes, alongside the broader …
R-T Specialty LLC has named Dave Adcock and Claudia May as President of RT Specialty’s National Personal Lines Practice. Adcock began his insurance career as a personal lines underwriter in 2000 and joined RT Specialty through the acquisition of Atlantic …
Alliant has hired New York’s CJ Hessel as senior vice president. In this role, Hessel will provide customized risk and insurance solutions engineered to address industry-specific risks for clients across the region. Hessel joins Alliant with a background that includes …
Twitter said on Monday that it had discovered attempts by possible state actors to access the phone numbers associated with user accounts, after a security researcher unearthed a flaw in the company’s “contacts upload” feature. In a statement published on …
For the first time in nearly 50 years, the U.S. Food and Drug Administration will examine asbestos testing for talc powders and cosmetics at a hearing on Tuesday. Regulators are taking a closer look after finding asbestos, a known carcinogen, …
