Monthly Archives: <span>December 2020</span>

Captive Re/Insurance MGU, International Re, Partners with Admitted Insurer Cimarron

International Re (I–RE), the specialist captive insurance and reinsurance managing general underwriter (MGU), is announcing a new strategic capacity partnership with Cimarron Insurance, a niche specialist admitted insurer. The partnership will underwrite a range of admitted property and casualty lines …

Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer

The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014 when …

Google Adds Extra Scrutiny of Its Scientists’ Research on ‘Sensitive Topics’

Alphabet Inc.’s Google this year moved to tighten control over its scientists’ papers by launching a “sensitive topics” review, and in at least three cases requested authors refrain from casting its technology in a negative light, according to internal communications …

Chubb Global Markets Promotes Driscoll, Rowley in Professional Indemnity Teams

Chubb announced leadership promotions to its professional indemnity teams for Chubb Global Markets (CGM). Under the changes, Steve Driscoll is appointed head of Professional Indemnity for CGM and also for the United Kingdom & Ireland (UK&I). CGM comprises Chubb’s London …

DealerPolicy Purchases Insurance Business from Granite State Independent Insurance

DealerPolicy Insurance Agency of Williston, Vt., has purchased the insurance business associated with Granite State Independent Insurance of Tilton, N.H. Granite State Independent Insurance will cease to operate effective with this transaction. Its personal and commercial insurance customers will now …

Owner to Rebuild After Upstate New York Sports Dome Collapses Under Snowfall

The owner of a sports complex in the upstate New York city of Binghamton says he plans to rebuild after its air-supported dome collapsed under this week’s record-breaking snowfall. No one was injured when one of the state’s largest indoor …

Worker Pinned, Seriously Injured While Removing Snow in Massachusetts

A landscape worker was seriously injured after becoming pinned by his equipment while removing snow, Chelmsford police said. A worker in the building called 911 after hearing a man yelling for help. Police and firefighters found the man pinned between …

Brexit Trade Deal Talks Enter ‘Final Stages’

BRUSSELS – Britain and the European Union are close to clinching a Brexit trade deal, diplomats said on Wednesday and, while it could still be days away, it appears that the estranged allies will avoid a turbulent economic rupture on …

Allianz’ Real Estate Unit Bets on London with Purchase of Office Buildings for $539M

Allianz SE’s real estate unit will take a majority stake in a portfolio of buildings owned by British Land Co. in London’s virus-roiled West End district. The insurance giant has agreed to pay 401 million pounds [$539 million] for a …

Data Theft at Defense Firm Leonardo Targeted Details of Military Aircraft: Arrest Warrant

MILAN – An investigation into a data theft at Leonardo has found that a hacker working inside the Italian defense group appeared to target details of Europe’s biggest unmanned fighter jet program and aircraft used by the military and police, …