PCF Insurance Services completed a management and partner-led buyout of PCF from financial sponsor HGGC, which values the business at more than $2.2 billion. The transaction, including financing of more than $1 billion, was led by PCF CEO Peter C. …
This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland). A summary of these new hires follows here Chaucer Appoints Smith From WTW to …
One80 Intermediaries acquired Hill Program Managers LLC, a Denver, Colo.-based program manager for commercial lines insurance. Terms of the deal were not disclosed. Hill Program specializes in oil and gas service providers, architects and engineers, and construction and design contractors. …
A proposed bill was heard last month in the Massachusetts legislature that aims to place a time limit on auto insurance claims investigations and would make investigating insurers responsible for premium payments until the cause of loss is determined. The …
U.S. insurers are increasingly listening to demands from stakeholders that they use social, environmental and governance factors in their decision-making. According to an AM Best survey, 6 in 10 companies are aware of greater demand from stakeholders to consider ESG …
OSLO – Norway faces hard choices over the future of two major wind farms stripped of their licenses for jeopardizing the way of life of Sami reindeer herders, but it remains unclear whether they should be dismantled, the energy minister …
American International Group and Blackstone said they have closed on the previously disclosed transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business and for Blackstone to manage an initial $50 billion of Life & …
A company that made and operated casino-style games used for illegal gambling will pay $3.5 million and permanently stop its California operations under a court settlement. Pong Game Studios Corp. agreed to settle a lawsuit that alleged it violated California …
GLASGOW – Leaders at the COP26 global climate conference pledged on Tuesday to stop deforestation by the end of the decade and cut emissions of the potent greenhouse gas methane to help slow climate change. On the second day of …
A California judge on Monday said he would rule against several large counties that accused four drugmakers of fueling the U.S. opioid epidemic, saying they failed during a trial to prove their $50 billion case. Orange County Superior Court Judge …
