Apollo Syndicate Management, the London-based independent specialist insurer and reinsurer, announced it has been granted in-principle approval from the Council of Lloyd’s to convert Special Purpose Arrangement (SPA) 1971 into a standalone syndicate. The SPA 1971 was launched in January …
Allianz Holdings, the UK subsidiary of Allianz SE, has restructured its operations, to create distinct Personal and Commercial businesses, supported by a number of integrated service functions. These changes represent the next phase in Allianz’s integration of the LV= General …
Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition will provide free access to Coalition’s cyber-security capabilities, including …
Amazon.com Inc. on Wednesday pressed a New York judge to dismiss a lawsuit by state Attorney General Letitia James claiming the online retailer failed to ensure worker safety at two New York City warehouses as COVID-19 infections surged. James sued …
Largest Personal Lines Insurance Distribution Company Continues Growth With Purchase of ASAP and Axiom Insurance HUNTINGTON BEACH Calif. (July 15, 2021) – Confie, the largest personal lines insurance distribution company in the U.S., today announced it has completed the acquisitions …
Burnham Risk and Insurance Solutions LLC has added vice president Ryan Jacques to advance the firm’s property/casualty footprint in the public sector industry. Jacques has 28 years of experience across multiple industries. He spent his last 15 years focused on …
American International Group Inc. plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc. agreed to buy a sizeable stake, according to a person familiar with the matter. AIG and Blackstone said …
The U.S. Consumer Product Safety Commission (CPSC) said on Wednesday it has sued Amazon.com Inc. to force the retailer to recall hundreds of thousands of hazardous products that it had distributed on its platform. By a 3-1 vote, the CPSC …
A perfect storm appears to brewing for homeowners and property insurers in the drought-plagued, wildfire-riddled U.S. West – and as odd as it may sound, the trouble may have begun with the pandemic. Property insurance rates and availability for homeowners …
Prosecutors want jurors to conclude that suspended Georgia Insurance Commissioner Jim Beck was running a $2 million scam to bilk money from the property insurer he led before being elected. Defense attorneys say Beck was actually an innovative executive who …
