The COVID-19 vaccines are here and distribution has begun. But what if something goes wrong? Whether it’s a loss of income, hefty medical bills or other serious adverse effects from getting a shot, someone has to pick up the tab, …
The founders of Renaissance Alliance Insurance Services, a membership alliance of independent insurance agencies, have retired after 21 years of leading the company. Bruce and Janet Cochrane retired from their full-time roles within the Massachusetts-based insurance agency partnership organization, effective …
Hudson Insurance Group has completed a business transfer agreement with Validus Specialty Underwriting Services for the renewal rights transfer of a select portfolio of Miscellaneous Professional Liability, Financial Institutions Liability and Management Liability policies. The agreement also includes the transfer …
Global re/insurance outsourcing and consulting specialist Pro Global Holdings Ltd. (Pro) announced the expansion of its services within Latin America with the opening of a wholly owned office in Sao Paulo, Brazil. Brazil Office Manager Juan Pablo Bragadin – who …
Arthur J. Gallagher & Co. announced the acquisition of Cain Insurance Services Ltd., based in Fredericton, New Brunswick in Canada. Terms of the transaction were not disclosed. Founded in 1986, Cain Insurance Services is a retail property/casualty broker, offering commercial …
Roughly 1 in 100,000 people have had a severe allergic reaction to the first Covid-19 vaccine, a rate that’s higher than the flu vaccine but still quite rare, U.S. health officials said. A study by the Centers for Disease Control …
The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022. New ABIR officers elected to Bermuda’s leading international insurers and reinsurers industry association are: Chair Marc Grandisson, CEO of Arch Capital Group Ltd. Deputy …
Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist area of hazardous industries and tanker transportation, building on a strategic partnership of consistent capacity provision that dates back more …
Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said on Thursday. The damage, tallied by the German reinsurer Munich Re , …
Britain’s market watchdog warned about 4,000 small financial firms are at greater risk of failure from the coronavirus as the country endures a third lockdown. The Financial Conduct Authority said Thursday that the pandemic is pushing the firms to the …
