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BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley’s Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting. A summary of these new hires follows here. BHSI Launches Exec & Professional Lines in Switzerland, Led by Kammermann …

Historic Drought, Low River Levels Threaten to Cripple Trade Across Europe

In the midst of an arid summer that set heat records across Europe, the continent’s rivers are evaporating. The Rhine — a pillar of the German, Dutch and Swiss economies for centuries — is set to become virtually impassable at …

Higginbotham Adds Another with Acquisition of Holman in Georgia

Higginbotham, an independent insurance and human resources firm, has kept up its pace of steady growth with the recent acquisition of Georgia-based Holman and Co., a broker of commercial and personal lines property and casualty insurance and benefits. Employee-owned Higginbotham, …

Runoff Specialist RiverStone Buying Vermont Captive Insurer Western P&C

RiverStone, the U.S. insurance runoff specialist of the Fairfax insurance group, announced a tentative agreement to acquire Western Property & Casualty Insurance Co. to be effective this month. The shareholders of Western P&C will enter into a stock purchase agreement …

Arthur J. Gallagher Acquires Evergreen Insurance Managers in Oregon

Arthur J. Gallagher & Co.’s Risk Placement Services Inc. acquired Hillsboro, Oregon-based Evergreen Insurance Managers Inc. Dyan Bates, Nancy Schultz and their associates will remain in their current location. Evergreen Insurance Managers is a wholesale insurance broker and managing general …

Coastal Washington Tribe Builds Tsunami Refuge Tower

There’s a new option to escape a tsunami for people on the southwest coast of Washington. The Shoalwater Bay Indian Tribe dedicated a 50-foot tall evacuation tower in Tokeland, Washington, the Northwest News Network reported. When the next magnitude 9.0 …

UK Insurer Aviva Posts 14% Rise in H1 Operating Profit

Aviva plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit, sending its shares to the top of the FTSE 100 gainers on Wednesday. Activist investor Cevian Capital, …

Wildfires Rage in France, Destroying Homes, Forcing Evacuation of Residents

Wildfires tore through the Gironde region of southwestern France on Wednesday, destroying homes and forcing the evacuation of 10,000 residents, some of whom had clambered onto rooftops as the flames got closer. Black-and-orange skies, darkened by the smoke billowing from …

Indiana House Explosion Leaves 3 Dead, 39 Homes Damaged

An explosion at an Evansville, Indiana house killed three people and damaged 39 houses, officials said Wednesday afternoon. Evansville Fire Department Chief Mike Connelly said two of the people killed were in the house of the explosion, while the third …

Tadikonda Replaces Edmundson as CEO of Cyber MGA Corvus

Boston-based insurtech Corvus Insurance said Madhu Tadikonda will take over immediately as CEO, replacing founding CEO Phil Edmundson. Edmundson will assume the new role of executive chair and chair of the board of Corvus. In this full-time role, Edmundson will …

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