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Maine Moves to Extend Workers’ Comp Mental Health Benefit for First Responders

A Maine legislative committee has signed off on a proposal to help emergency responders gain better access to mental health support. The proposal would continue a presumption that firefighters, emergency medical technicians, police officers, emergency dispatchers and others who are …

Team of Nuclear Experts to Visit Wrecked Fukushima Plant to Check Water Release Plan

A team of experts from the International Atomic Energy Agency will visit Japan’s wrecked Fukushima nuclear power plant next week to review plans to begin releasing more than a million tons of treated radioactive water into the sea, a mission …

Pan-Nordic Insurer Sampo Reports Stronger Than Expected Q4 Earnings

Finnish financial group Sampo reported stronger than expected fourth quarter earnings on Wednesday boosted by its core insurance operations, sending its share up more than 2%. The pan-Nordic insurer reported a pretax profit of 1.2 billion euros ($1.4 billion), compared …

People Moves: BHSI Promotes McGriskin to Lead UK FI; Former Enstar Exec Rocke Heads RiverStone Int’l in Bermuda; Tysers Hires Aon’s Lucas for Political Violence & Terrorism Team

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), RiverStone International and broker Tysers. A summary of these new hires follows here. BHSI Promotes McGriskin to Head of UK Financial Institutions Berkshire Hathaway Specialty Insurance …

Tokio Marine Invests in Satellite Imaging Specialist ICEYE, Enters NatCat Collaboration

ICEYE, the Helsinki-based synthetic aperture radar (SAR) data provider and specialist in natural catastrophe solutions, announced that Tokio Marine Holdings has made a strategic investment in the company as it looks to develop new insurance products and services that utilize …

Vantage Group Raises Additional Capital, Acquires U.S. Admitted Carrier

Bermuda-based re/insurer Vantage Group Holdings Ltd. announced that funds managed by Carlyle and Hellman & Freidman have committed up to an additional $200 million of capital to fund the continuing growth of Vantage, with the majority of the proceeds intended …

Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack

FRANKFURT/LONDON – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the financial fallout of any conflict. The …

Pipeline’s Safeguards Malfunctioned in Louisiana Diesel Spill

A corroded pipeline that ruptured and spilled 350,000 gallons (1.6 million liters) of diesel fuel into a New Orleans area wetland did not have a fully functioning leak detection system at the time, according to federal records, which also show …

XPT Specialty Acquires Indiana’s Insurance Brokers Incorporated

XPT Specialty has acquired Insurance Brokers Incorporated, headquartered in Indianapolis, Indiana, in a move that continues a series of acquisitions for the company. IBI is a wholesale insurance broker and general agency that offers agents a broad range of personal, …

NFP Acquires East Coast Underwriters, Blue Ridge Captive Firm

NFP, a global insurance broker and consultant, has acquired East Coast Underwriters and Blue Ridge Captive Solutions, expanding NFP’s medical stop-loss and self-funded group captive lines of business, the company announced. East Coast Underwriters is a managing general agent based …

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