Monthly Archives: <span>August 2023</span>

People Moves: AXA XL Names Hopkinson Canada Country Mgr; BHSI Promotes Leandri for Risk Control; Coalition Taps MS Amlin’s Wynne Davies as UK Special Projects Lead

This edition of International People Moves details appointments at AXA XL, Berkshire Hathaway Specialty Insurance (BHSI), and the cyber insurer Coalition. AXA XL Names Hopkinson as Canada Country Manager AXA XL announced the appointment of Glen Hopkinson as the new …

Third Child Dies Following House Fire in North Carolina

CONCORD, N.C. (AP) — A third child has died following a weekend house fire in North Carolina, officials said. Fire-fighting crews were dispatched to a one-story public housing duplex in Concord, northeast of Charlotte, shortly after 1:00 a.m. Sunday. Firefighters …

Russia’s Flagship Oil Rises Above G-7 Sanctions Cap, but Does Little to Impede Services

The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done little to impede the provision of western services for the trade. The number of ships calling at the nation’s ports …

Conditions Are Challenging, Claims Are Elevated, but Reinsurers’ Profits Return: Reports

Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022, according to an AM Best report. “Reinsurers generally have realigned their risk profiles and are in a strong position to …

New York Knicks Sue Toronto Raptors Alleging Stolen Scouting Reports

The New York Knicks sued the Toronto Raptors, claiming a former Knicks employee stole scouting reports and other proprietary information after getting a job offer at the rival National Basketball Association team. The Knicks filed suit Monday against the Raptors, …

Buesnel to Step Down as CEO of Tysers as 1st Phase of AUB Ownership Is Completed

Tysers, the London-based insurance broker and subsidiary of AUB Group, announced that CEO Clive Buesnel is stepping down at the end of August. As CEO since June 2020, Buesnel managed the company through its acquisition by AUB, a deal that …

Severe Weather Set to Boost US Disaster Funding Needs, FEMA Says

Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. Biden’s roughly $12 billion request would cover the spending year ending …

NIP Group Addresses Utility Contractors’ Insurance and Safety Concerns with UtilityPro’s Nationwide Workers Compensation Expansion

WOODBRIDGE, N.J., August 22, 2023 – Recognizing the critical role of Workers Compensation in the cost structure and strategy of Utility Contractors, NIP Group is excited to announce the nationwide expansion of its UtilityPro™ insurance program in partnership with one …

InsurSign: The DocuSign for Carriers & Agencies

San Francisco, CA., August 22, 2023 — InsurSign is proud to announce the launch of its flagship product, InsurHub, a more affordable alternative to DocuSign, offering unlimited signatures and designed specifically for carriers and agencies. InsurHub equips insurers and their …

Two Killed After Car is Struck by Train in South Dakota

ELKTON, S.D. (AP) – Two people died when a car was struck by train in South Dakota, an accident that caused the train to derail and crash into a grain elevator. The South Dakota Highway Patrol said the accident that …