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

People Moves: Markel Hires Senior Leaders for Casualty, Professional, Financial Risk Teams in Australia; BHSI Promotes Regan to Head of Casualty, Ireland

This edition of International People Moves details appointments at Markel in Australia and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Markel Hires Senior Leaders in Australia for Casualty, Professional, Financial Risk Teams Markel, the …

Florida Senator Raising Eyebrows with Pitch for Investment in New Insurance Company

Florida state Sen. Joe Gruters, R-Sarasota, has sparked some controversy by pitching investment opportunities in a startup property insurance company in Florida. This may be a good time for a new business venture by an insurer – with higher rates …

Delivery Worker’s PTSD Claim Against Five Guys and Maintenance Firm to Go to Jury

A food delivery worker who encountered two weapon-wielding maintenance workers surprised by his presence in a Five Guys hamburger eatery can bring negligence claims against the restaurant and the maintenance company over his mental trauma. The federal district court for …

Alliance of 40 Countries to Vow Not to Pay Ransom to Cybercriminals

Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers’ funding mechanism, a senior White House official said on Tuesday. The International Counter Ransomware Initiative comes …

Mission Underwriters US Welcomes Jim Dwane as New Chief Executive Officer

October 31, 2023, Scottsdale, AZ – Mission Underwriting Managers (‘Mission’) a leading insurance program administrator, today announced the appointment of Jim Dwane as its new Chief Executive Officer, effective immediately. This change comes as the company’s founding CEO pursues new …

Tech Update: AXA XL Launches Solution to Evaluate and Manage Water Risks

AXA XL Risk Consulting announced the launch of its Water Impact and Sustainability Evaluation (WISE) tool – a remote, customizable solution which helps risk managers to understand, evaluate and act on water risks. Amid a changing climate, water risks affect …

Western Europe Braces for Worst Storm of Season With Hurricane-Strength Wind Gusts

Western Europe is bracing for the worst storm so far this season with hurricane-strength wind gusts and rain potentially disrupting travel and causing damage to buildings. Storm Ciaran will bring heavy rain and intense winds from Spain to France and …

Bogus Claims Threaten to Taint Lejeune Payouts to Veterans

The government plan to pay billions of dollars to victims of toxic water at Camp Lejeune has unleashed a wave of fraudulent claims that threatens to disrupt or taint what could be one of the largest-ever mass tort cases. Mikal …

Deadly Explosion off Nigeria Points to Threat From Aging Oil Ships Around the World

OKITIPUPA, Nigeria (AP) – It was the dead of night when the ship caught fire, Patrick Aganyebi remembers, but the flames made it seem as bright as day. The explosion that night woke him and knocked him to the floor. …

SEC Sues SolarWinds for Concealing Cyber Risks Before Massive Hack

The U.S. Securities and Exchange Commission on Monday sued software company SolarWinds Corp. and its top information security executive, saying they defrauded investors by hiding cybersecurity weaknesses during a massive hack targeting the U.S. government. The SEC lawsuit in Manhattan …