Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired Georgetown Insurance Service Inc., effective March 1, 2020. The Georgetown Insurance team will continue serving clients in their current roles following the acquisition. …
Arch Capital Group Ltd. said its estimated pre-tax losses for claims incurred due to the COVID-19 pandemic could reach $145 million. Breaking down the total, Arch said COVID-19 claims across its property casualty insurance and reinsurance segments ranged from $85 …
New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected pressure from President Donald Trump to move more rapidly, state government sources told Reuters …
Britain’s banks have enough funds to keep lending to the economy even under the deep recession scenario outlined by a government watchdog, Bank of England Deputy Governor Sam Woods said on Wednesday. The BoE has allowed banks to tap 23 …
A ruling last week not to wipe out holders of a World Bank financial instrument providing emergency funds to poor countries in a pandemic, was just a stay of execution if bond markets are to be believed. The riskier $95 …
Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She will join Beazley’s executive committee at the same time. Greenwood joined Beazley last September to lead the London market and …
Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken by the UK government in response to the coronavirus pandemic, said the company in a market update about its business …
Howden Broking Group, the London-based independent specialty broker, announced it has acquired Matrix Insurance and Reinsurance Brokers in Greece. Financial details of the deal were not disclosed. Founded in 2003 and headquartered in Athens, independent broker Matrix became a broker …
Florida Gov. Ron DeSantis said Monday the state will more aggressively inspect nursing homes to detect patients and staff who are infected with the coronavirus while officials said it appears the disease’s expansion in the state may be reaching a …
South Carolina continued to clean up Tuesday from the state’s deadliest tornado outbreak in 36 years. Nine people were killed as a series of twisters moved from one end of the state to the other Monday morning. Meteorologists have counted …
