To help manage its cyber risk portfolio worldwide, AXA XL has named Elizabeth Benet to the newly-created role of global chief underwriting officer for Cyber. Benet will help the insurer monitor its cyber risk portfolio and exposure from an aggregated …
The Hartford closed out 2019 with gains in net income and net investment income, buttressed in part by its $2.1 billion acquisition of specialty insurer Navigators Group last May. Net income hit $543 million, or $1.49 per diluted share, during …
Sunderland AFC’s owners are targeting a valuation of as much as 40 million pounds ($52 million) as they seek a buyer for the U.K. soccer team, people with knowledge of the matter said. Insurance entrepreneur Stewart Donald and his partners …
California-based specialty insurance holding company K2 Insurance Services is acquiring London-based Pioneer Underwriters. Pioneer will form the cornerstone for a new international platform of K2. This will initially include the Pioneer offerings in property catastrophe reinsurance, financial institutions, international property …
Vessels and trains coming from China are in focus as nations take steps to halt the spread of a deadly coronavirus that originated in the world’s second-biggest economy. Here’s a roundup of some of the latest efforts by authorities globally, …
New York’s governor signed a package of limousine safety bills Monday that was inspired by deadly crashes in 2015 and 2018. One of the bills would require that motor vehicles converted into stretch limousines by January 2021 have at least …
A New Jersey oral surgeon has agreed to a five-year license suspension after 15 patients were sickened by a bacterial heart infection and one died. Dr. John Vecchione on Monday also agreed to pay $293,500 in penalties. He initially had …
Warren Insurance Agency Inc. recently joined Satellite Agency Network (SAN) Group Inc., an alliance of independent insurance agencies in the Northeast. Warren Insurance Agency was founded in 1979 by its owner, Edward Warren, and provides home, auto, life and business …
J.A. Montgomery Consulting, a New Jersey-based affiliate of Conner Strong & Buckelew that focuses on risk control, safety and claims services, has hired Colleen Vallen to its team. Vallen, a forensic services expert with more than two decades of industry …
Floridians currently pay the highest homeowner’s insurance rates in the nation, and no one should be surprised by this. Florida is a long relatively narrow large peninsula jutting out into bodies of warm water prone to tropical storms and hurricanes. …
