Hub International Limited, a global insurance brokerage and financial services firm, has acquired the assets of Thibeaux Insurance Group, LLC. Terms of the transaction were not disclosed. Located in Lafayette, Louisiana, Thibeaux Insurance Group is a family-owned insurance company commercial …
Chaucer, the London-based specialty re/insurance group, and parametric insurtech startup, Yokahu, are launching a new microinsurance product, which will provide cover for hurricane events in the Caribbean. This new parametric product is designed to tackle the problem of underinsurance in …
The Justice Department is stepping up actions to combat ransomware and cybercrime through arrests and other actions, its No. 2 official told The Associated Press, as the Biden administration escalates its response to what it regards as an urgent economic …
Compre, the London-based specialist legacy group, announced the completion of its acquisition of a US$417 million legacy liability portfolio of SiriusPoint Ltd., having received all necessary regulatory approvals. The transaction, structured as a loss portfolio transfer, has been underwritten by …
Acrisure Re Appoints Wicks From Ed Broking, Arnott From Securis Acrisure Re, the reinsurance division of global insurance broker and fintech platform Acrisure, announced the appointments of Ian Wicks, as executive vice president, and Simon Arnott, as senior vice president, …
AXIS Capital Holdings is enacting a policy designed to ensure a more diverse base for its supplier networks. The Bermuda-based specialty insurer and reinsurer said its new Supplier Diversity Policy calls for working with certified Diverse Business Enterprises in its …
A Los Angeles utility worker was electrocuted while working in an electrical vault, authorities said. The accident occurred shortly before 11 a.m. Thursday on Terminal Island in Los Angeles harbor. “While working as part of a cable splicing crew performing …
Three Black women who work for the Pierce County Sheriff’s Department have filed a lawsuit against the county alleging a long-standing pattern of discrimination, harassment and retaliation against minority employees. The News Tribune reports Lt. Charla James-Hutchison and Sgts. Dione …
Overall net income fell at giant Berkshire Hathaway in the third quarter from $30.1 billion a year ago to $10.3 billion this third quarter, reflecting losses on insurance underwriting as well as the continuing effects of global supply chain issues …
Florida authorities have arrested a Miami insurance agent and his accomplice for allegedly filing $22,000 in false insurance claims on a diamond ring that was never stolen. David Abraham Jauregui was charged with insurance fraud and organized fraud last week …
