A Florida-based managing general agency has filed a $30 million poaching lawsuit against three former executives and the agency they jumped to while it was in the process of being acquired. Centauri Specialty Insurance Holdings (CSIH) and Centauri Specialty Managers …
Antares, the Lloyd’s managing agent and subsidiary of QIC Global, announced the appointment of Martin Campbell as head of Specialty at Antares Syndicate 1274, effective May 12, 2020. Reporting to Alexander Craggs, active underwriter at Antares, Campbell succeeds John Taylor, …
London-based insurtech Zego has expanded its partnership with RSA Insurance to provide flexible cover for van fleets. Zego is offering usage-based policies to delivery, courier or trade van fleets of 20-200 vehicles in the UK – reducing upfront costs for …
Renege on a deal with the Agnellis and you can expect to pay for it. Scion John Elkann has refused to renegotiate the Italian family’s $9 billion sale of its reinsurance business after the buyer, French mutual Covéa, sought to …
Typhoon Vongfong, the Northern Hemisphere’s first named storm [of 2020], is rapidly intensifying east of the Philippines, where it could clip parts of the island nation Thursday and Saturday, according to the U.S. Joint Typhoon Warning Center in Hawaii. The …
Lloyd’s of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result of the COVID-19 pandemic. This payout is on a par with the Sept. 11 terrorist attacks, which cost the Lloyd’s …
Georgia Gov. Brian Kemp eased a few restrictions Tuesday on businesses and child care operations, but said he was keeping most current rules until at least the end of May. The Republican governor reiterated that he believes Georgia is containing …
About two dozen people have died at an Alabama veterans nursing home because of COVID-19, the illness caused by the new coronavirus, the state said Tuesday. The Alabama Department of Veterans Affairs said in a statement the 23 deaths occurred …
A financial industry trade group said on Wednesday it resolved a dispute with U.S. stock exchanges that had threatened to hold brokers liable for any breaches of a new trading database controlled by the exchanges and the Financial Industry Regulatory …
Having reviewed 70% of all of the North American insurers it rates for the effects of the coronavirus and economic downturn, Fitch Ratings has affirmed the ratings of 72% of the carriers with stable outlooks. Only 4% have been downgraded. …
