SiriusPoint Ltd., the Bermuda-based international specialty insurance and reinsurance company, has launched today with more than $3 billion in initial capital. The company was created from the merger of specialty reinsurer Third Point Reinsurance Ltd. and Sirius International Insurance Group …
Boeing Co. agreed Thursday to pay $6.6 million in penalties to the Federal Aviation Administration (FAA) after U.S. regulators said it failed to comply with a 2015 safety agreement and cited other safety concerns. The penalties include $5.4 million for …
The federal government will recommend flood control measures including storm surge barriers, floodwalls and elevating homes and other buildings in a report later this year on combating back bay flooding, a major problem in New Jersey that gets comparatively less …
The Biden Administration is expanding eligibility for unemployment benefits for workers who feel they are forced to choose between working in an unsafe environment and refusing work to avoid the risk of coronavirus infection. The U.S. Department of Labor is …
The Virginia General Assembly is advancing legislation that allows Virginia consumers more protection with their online data, though opponents say the measure does not include the ability for people to file private lawsuits against companies that breach the proposed law. …
Ascot announced the promotion of Ian Thompson to chief executive officer, Bermuda. Thompson will assume leadership of Ascot’s multi-faceted business on the island, which includes specialty insurance, reinsurance and alternative capital capabilities underwritten from the group’s “A”-rated Bermudian platform. The …
Conner Strong & Buckelew, an insurance, risk management and employee benefits brokerage and consulting firm, has named 25-year technology leader Anil Jampana as its senior vice president and chief information officer. In this newly created position, he will oversee all …
One80 Intermediaries has acquired Edward E. Hall and Company (EE Hall). Terms of the deal were not disclosed. One80 is a national wholesale broker, program manager, third-party administrator (TPA), warranty and lender-based insurance provider and insurance aggregator headquartered in Boston, …
Specialist insurer Beazley has unveiled a new digital business unit to transform how the company develops, underwrites and delivers digital insurance solutions for clients and brokers. Existing digital initiatives and platforms created to further Beazley’s digital capabilities will now be …
Rising Edge, a London-based managing general agent (MGA), writing directors’ and officers’ (D&O) insurance, is set to launch in the first half of 2021. The new company will be led by Chief Executive Officer Philippe Gouraud, a well-known industry executive …
