Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of the Linkscover brand to further strengthen its sports and leisure expertise. Financial details of the transaction were not disclosed. Established in 2015 and based …
Tri-State Consumer Insurance Company will pay a $500,000 penalty to New York state for multiple violations of New York law. A New York State Department of Financial Services (DFS) investigation uncovered that Tri-State failed to timely comply with New York …
Rokstone, the international speciality re/insurance MGA, part of the Aventum Group, announced it has secured an insurance agent license from the Financial Services Commission in Mauritius (FSC). The company is now fully authorized to underwrite business directly in Africa from …
Former New York Yankees star Joe Pepitone has filed a lawsuit against the National Baseball Hall of Fame and Museum seeking the return of the Louisville Slugger bat that Mickey Mantle used to hit his 500th career home run more …
A district council in eastern Germany has declared a disaster after its computer systems were paralyzed by a hacker attack in what the federal cyber-security watchdog confirmed was the country’s first-ever “cyber-catastrophe.” Hackers knocked out the IT operations of the …
June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting heatwaves caused significant damage, according to Aon’s latest natural catastrophe report. Aon said Europe will face insured losses of more …
Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS, following a number of third party inquiries. DMGT said discussions are ongoing and there is no certainty that a transaction …
Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net zero emissions economy. The companies, which include Europe’s top three insurers by premiums – Allianz, AXA and …
This post is part of a series sponsored by Amwins. As cyber events evolve in sophistication, scale and frequency, property and casualty line carriers are growing concerned about the potential for unintended claims. These cyber risks, which property and casualty …
It’s hot out. It’s getting hotter. The climate memes practically write themselves: “Think this summer is hot? Consider it the coolest of the rest of the 21st century.” It’s these events—the extreme hot days, droughts, floods, and other weather phenomena …
