The recently enacted $1.2 trillion U.S. infrastructure package is expected to result in more business opportunities for surety companies given the new and sizable investments that the transportation and energy sectors will see, according to a new AM Best report. …
A commercial insurance brokerage technology company that is up and running in the UK is targeting the U.S. after raising more than $7.9 million in a Series A funding round. Broker Insights, which is based in Scotland, raised the funding …
November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars of economic losses, according to Aon’s monthly Global Catastrophe Recap report, which each month evaluates the impact of global natural …
Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd., by its independent managing general agent incubator subsidiary, Pro MGA Solutions (Pro.MS). Launched in 2016, Tierra is an MGA that underwrites …
Two former Maryland football players have each reached $200,000 settlements in lawsuits accusing former coach DJ Durkin of running a program that subjected athletes to an abusive environment. The Maryland Attorney General’s Office reached the agreement with former players Gus …
Everest Re Group Ltd., the Bermuda-based re/insurer, announced the extension of President and CEO Juan C. Andrade’s employment agreement through the end of 2023 with automatic annual extensions following this term. “In the past 24 months as Everest’s CEO, Juan …
The Hilb Group acquired Charles Newman Co. Insurance and Employee Benefits to its portfolio, adding to The Hilb Group’s growing presence in the New York metropolitan area. The transaction became effective December 1, 2021. Based in Peekskill, New York, Charles …
Three federal safety inspections at a Suffern, New York, condominium complex confirmed a Rockland County roofing contractor repeatedly exposed residential roof workers to potentially deadly falls from heights of 18 to 20 feet. The U.S. Department of Labor’s Occupational Safety …
Severe weather disruptions hit Malaysia and the Philippines, leaving a trail of destruction among nations most prone to natural disasters. Typhoon Rai, a super typhoon before slamming into the Philippines on Thursday, left 208 dead along its path. More than …
OSLO/COPENHAGEN – Insurer Storebrand has agreed to buy the Norwegian unit of Danish pension provider Danica from Danske Bank, the companies said on Monday. Norway’s Storebrand will pay 2.01 billion Norwegian crowns ($221.4 million) for Danica Pensjonsforsikring AS, the sixth-largest …
