The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive …
LONDON – Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said. The possibility of more attacks …
Canopius announces its Bermuda-based reinsurance company Canopius Reinsurance Ltd. has been granted a Class 4 reinsurer license by the Bermuda Monetary Authority. The reclassification will significantly extend Canopius Re’s scope, enabling it to increase gross written premiums and write more …
Zurich Insurance Group emphasized its compliance standards on Wednesday while declining to comment specifically on the Russia-led Nord Stream 2 gas pipeline project. The U.S. State Department has warned European companies involved in Nord Stream 2 that they risk sanctions …
Core Specialty Insurance Holdings and its subsidiaries have partnered with Lancer Management Co. to provide excess liability limits for qualified local, intermediate and long haul trucking accounts as well as general commercial and public automobile companies. The new excess facility …
A 73-year-old Green Bay, Wisconsin, man has been charged with his 18th drunken driving offense, after a crash on Jan. 8 that took out power lines and caused an outage. Wallace Bowers had 17 prior operating while intoxicated convictions between …
A federal agency is proposing $2 billion in improvements to the levee system that protects against hurricane flooding along portions of seven parishes in south Louisiana. The Army Corps of Engineers planned virtual public meetings for Jan. 12 and 13 …
A new company said it is planning to bring tours featuring “unsinkable” amphibious boats back to a Missouri lake where 17 people drowned when a duck boat sank in 2018. The owners of Branson Duck Tours LLC said they hope …
Great American Insurance Group, based in Cincinnati, Ohio, promoted Jason M. Cohen to divisional group president within its Property & Casualty Group. Cohen will continue as the divisional president of Strategic Comp, a leading provider of Workers’ Comp insurance, and …
Exceptional Risk Advisors, a Lloyd’s of London coverholder, has acquired assets of International Specialty Insurance Services. Headquartered in Winston-Salem, N.C., International Specialty Insurance designs insurance programs for entrepreneurs, executives, entertainers and athletes, including people in professional sports, entertainment and corporate …
