The Co-operators has purchased Linda Rioux Assurances, the Warwick, Quebec-based insurance broker. Financial details of the deal were not disclosed. The broker’s portfolio includes home, auto, farm and commercial insurance policies, said The Co-operators, the Guelph, Ontario-based insurer. The company …
Once a gleaming symbol of early 20th-century ambition and prosperity, Hoboken’s grand rail terminal now sits as a somber reminder of the daunting challenges facing mass transit in the New York region. Eight years ago Thursday, Superstorm Sandy pushed the …
Selective Insurance has appointed two new members to its leadership team. Cyndi Bennett took the helm as the company’s new executive vice president and chief human resources officer (CHRO), and Giunero Floro has joined Selective as senior vice president and …
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the addition of three new underwriters to its U.S. Renewable Energy team, effective immediately. Kristopher Williams and Melissa Marsh have both joined the team as renewable energy …
Despite a year of unprecedented challenges and uncertainty and a halting global economic recovery, the insurance industry remains strong, stable, sound and secure. Though below pre-COVID forecasts, major indicators point to positive rates of growth and a positive return on …
Hurricane Eta has made landfall in northern Nicaragua as a Category 4 storm, with life-threatening flood from rainfall predicted for much of Central America, according to a report from Weather Underground. Eta’s eye arrived along the coast of Nicaragua about …
Missouri’s highest court on Tuesday refused to consider Johnson & Johnson’s appeal of a $2.12 billion damages award to women who blamed their ovarian cancer on asbestos in its baby powder and other talc products. The Missouri Supreme Court let …
Allianz Global Corporate & Specialty (AGCS) announced the appointment of Luke Baker as the new regional head of Liability for Regional Unit London and Nordics. He will join AGCS, Allianz’s entity for large-scale corporate and specialty risks, early in 2021. …
China’s surprise suspension of Ant Group’s record $37 billion listing is likely to delay rather than destroy its chances of a stock market debut though the financial technology giant’s valuation and growth prospects are set to take a hit. The …
Kemper Corp.’s Q3 net income dipped slightly, though that decline would have been worse if not for after-tax gains in assessments and investments. The company reported $122.3 million in net income during the 2020 third quarter, or $1.83 per diluted …
