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Howden’s Aston Lark Ireland Acquires Sparrow Insurances

Aston Lark Ireland, the insurance broker that recently became part of Howden Broking Group, announced the acquisition of Sparrow Insurances Ltd. Financial details of the transaction were not disclosed. Sparrow Insurances has a history of success and growth across Leinster …

Jensten Group Acquires UK MGA Origin UW

The Jensten Group, the London-based independent insurance broking group, has completed the acquisition of Origin UW Ltd., following regulatory approval. Origin UW is a boutique managing general agent that provides commercial insurance solutions for SME businesses and professionals. Origin specializes …

England Records Driest July Since 1935 Amid Searing Heat Wave

England had the driest July since 1935 amid a searing heat wave that pushed infrastructure to the brink and severely disrupted travel. The unusually dry weather came as temperatures rose above 40 degrees Celsius (104 Fahrenheit) for the first time. …

UK Motor Insurer Direct Line to Raise Premiums After H1 Profit Hit

British motor insurer Direct Line is raising premiums after higher claims hit its first-half profits, as the company feels the effects of soaring prices for everything from used cars to spare parts. Chief Executive Penny James said on Tuesday the …

Generali Beats Forecasts With H1 Net Profit of $1.4 Billion

Italy’s top insurer Assicurazioni Generali said on Tuesday it would increase prices to keep up with rising costs, and maintained its financial targets after a strong life business helped it beat first-half earnings expectations. Generali, which on Wednesday will kick …

Sandy Hook Families Cast Wary Eye on New Infowars Bankruptcy

Families of Sandy Hook school shooting victims have quickly raised the alarm over the latest legal maneuver from far-right radio show Infowars and its proprietor, Alex Jones. The ultimate parent of Infowars, Free Speech Systems LLC, filed for Chapter 11 …

Hartford, CNA Post Drops in Q2 Net Income

Second quarter earnings at The Hartford fell to $437 million – about 51% less than the same period a year ago. Hartford said it booked a $485 million before-tax change from net realized gains to net realized losses during Q2. …

Demotech Downgrades Three in Florida; AM Best, KBRA Say They’re Available

Just two weeks after the Demotech financial rating firm set off a firestorm of controversy by warning that it could soon downgrade as many as 17 Florida property insurers – then promised to hold off – the firm has now …

Pennsylvania Store Chain Wawa to Pay $8M Over 2019 Payment Cards Breach

A Pennsylvania-based convenience store chain will pay $8 million to several states over a 2019 data breach that involved some 34 million payment cards, authorities announced Tuesday. The Pennsylvania attorney general’s office said Wawa Inc. did not take reasonable security …

Massachusetts Agent Pleads Guilty to Embezzlement; Agency Barred From Business

The chief executive officer and president of a Taunton, Massachusetts insurance agency has pleaded guilty in connection with an embezzlement scheme that left client companies uninsured, according to state officials. Attorney General Maura Healey announced that David G. Pietro and …

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