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Delaware Court Says Insurance Doesn’t Cover Attacker in School Fight

Delaware’s Supreme Court has overturned a judge’s ruling that an insurance company must extend liability coverage to a teenager who was convicted of criminally negligent homicide after a school bathroom attack that left a 16-year-old girl dead. Wednesday’s ruling reverses …

IGI Gets Regulatory Nod from Bermuda After Merger with Tiberius Acquisition

International General Insurance Holdings Ltd. (IGI) announced it has received regulatory approval from the Bermuda Monetary Authority in connection with its previously announced business combination with Tiberius Acquisition Corp., a publicly traded special purpose acquisition company. This approval, received on …

Woodruff Sawyer Names Milano as Vice President of Management Liability

Woodruff Sawyer, an insurance brokerage in the U.S., has named Teresa Milano as vice president of Management Liability, effective immediately. Milano joins the Boston, Mass., office of Woodruff Sawyer, where she’s focusing on Woodruff Sawyer’s management liability practice comprised of …

Pennsylvania’s Graham Company Hires McIntire as Chief Technology Officer

Graham Company, based in Philadelphia, Penn., has hired Michael McIntire as chief technology officer, in which he will lead the development of Graham’s technology strategy and manage its execution. In this role, McIntire will work to develop solutions for employees …

Maryland’s Wye River Insurance Appoints Santarelli as President

Wye River Insurance has appointed Katherine Santarelli as president, leading day-to-day operations and providing strategic brokering and consulting services for the newly-formed insurance brokerage. The Baltimore, Md.-based boutique brokerage serves real estate and construction professionals in the multifamily industry. Santarelli …

R&Q’s Accredited Completes Portfolio Transfer from Lansen Försäkringsaktiebolag

Randall & Quilter Investment Holdings Ltd. (R&Q) announced that its wholly owned subsidiary Accredited Insurance (Europe) Ltd. has completed the transfer of business from Sweden’s Lansen Försäkringsaktiebolag, a wholly owned subsidiary of SAAB Aktiebolag. The transfer will help to enable …

Global Coronavirus Cases Soar to 10,000 as WHO Declares Health Emergency

The U.K. confirmed its first two cases of coronavirus on Friday, while the U.S. and Japan advised citizens to avoid traveling to China. Singapore suspended visas issued to Chinese citizens. Stocks fell in Europe and Asia as the virus continued …

Integro Announces Beard Is Stepping Down as CEO of Specialist Broker RFIB

Integro Insurance Brokers Holdings Ltd., the parent of UK-based firm Risk Transfer Group (RTG), which trades under the RFIB brand, announced that Steven Beard, CEO of RFIB will be stepping down, effective immediately. On Jan. 1, 2020, Integro completed its …

Most UK Insurers, Banks Unprepared for Risks of Climate Change

The Bank of England faces an uphill climb to get the finance industry ready for one of its biggest threats: the climate. About 80% of senior finance executives believe their firms “lack well-developed strategies to manage the risks of climate …

Collapsed Cave Not a Covered ‘Building’ Under Policy, Appeals Court Says

Interstate Underground Warehouse & Storage operates more than 3 million square feet of storage space inside a cave that was once a limestone mine just outside of Kansas City, Mo. The company’s website touts the constant 60-degree temperature inside its …

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