Lockton Names WTW’s Danyluk as Head Int’l Property in Wholesale P/C Lockton, the world’s largest privately owned independent insurance broker, has appointed Andrzej Danyluk as head of International Property within the Wholesale Property & Casualty (P/C) division. In his new …
Manhattan District Attorney Cyrus R. Vance Jr. and New York City Department of Investigation (DOI) Commissioner Margaret Garnett announced the indictment of Dragonetti Brothers Landscaping, Nursery, & Florist (DBLNF) and D.B. Demolition Inc., as well as their respective presidents Nicholas …
Connecticut Insurance Commissioner Andrew N. Mais issued a department notice on September 24 announcing a 30 day period of public comment on the National Council on Compensation Insurance’s (NCCI) voluntary loss cost and assigned risk rate filing. NCCI is proposing …
A jury has awarded $1.3 million to a Rhode Island woman who underwent gallstone surgery that resulted in months of complications because of negligence from Kent Hospital. The jury reached a verdict Thursday, finding both Dr. Brian Reed and Kent …
Allianz Suisse Life has agreed to transfer to Resolution Re a legacy portfolio of individual life products, which have a reserve volume of around 4 billion Swiss francs (US$4.3 billion). Using quota share reinsurance, Resolution Re will assume 80% of …
A woman has filed a lawsuit against King County Metro in Washington claiming a bus driver ran over her leg while she was laying on a Renton sidewalk and then drove away. Jessica Chapel’s injuries were so severe that doctors …
Workers’ compensation underwriters have been consistently generating better underwriting profits than other property/casualty lines of business, and did so again in 2020 amid the pandemic. According to an AM Best report, underwriting results of workers’ compensation insurers remained strong in …
Marsh’s Bauer Moves to bolttech to Head MGA Effort Rob Bauer has joined bolttech’s executive leadership team as group chief managing general agent (MGA) officer, the insurtech announced. Based in the U.S., Bauer ill lead bolttech’s MGA strategy and capability …
The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and increased demand for cyber re/insurance, according to a report published by S&P Global Ratings. “The trend toward digitalization will inevitably …
Built Technologies, a construction industry-focused financial-technology startup, has more than tripled its valuation to $1.5 billion after raising $125 million in an equity funding round led by TCV. Brookfield Technology Partners, 9Yards Capital, HighSage Ventures and XYZ Venture Capital participated …
