A Maryland business owner has been convicted after a trial on federal charges for conspiring to burn down his business in order to obtain insurance proceeds. A federal jury convicted Demetrios ‘Jimmy’ Stavrakis, age 53, of Lutherville-Timonium, Md., for an …
EverQuote Inc., an online insurance marketplace based in Cambridge, Mass., has hired Joseph Sanborn as senior vice president of Corporate Development and Strategy. Sanborn possesses more than two decades of experience advising technology companies on mergers and acquisitions, strategy and …
The U.K. fracking industry suffered a fatal blow as the Conservative government ended its support for the controversial practice. The move, just weeks ahead of a general election, effectively bans new wells using hydraulic fracturing technology. Companies from Cuadrilla Resources …
Fidelis Insurance, the Bermuda-headquartered re/insurer, announced it has taken an equity stake in a new managing general agent (MGA) Perigon Product Recall Ltd., and will be providing underwriting capacity. Perigon’s focus will be product recall and product contamination coverage for …
Argo Group International Holdings Ltd., the Bermuda-based re/insurer, announced formation of a new reporting structure led by newly appointed executive vice presidents, who will report to Kevin Rehnberg, president, group chief administrative officer and head of the Americas for Argo. …
The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s coast has found “no proof” of the vessel conducting activities that may have led to leaks on a journey between …
BMS Group, the London-based specialist re/insurance broker, announced the appointment of Jeff Irvan as chief property officer, U.S. reinsurance, reporting to BMS U.S. Reinsurance President Pete Chandler. The appointment is effective immediately. Irvan is the latest in a series of …
Catastrophe risk modeling firm AIR Worldwide (AIR) announced it has released a Multiple Peril Crop Insurance (MPCI) Model for India to help support probabilistic assessments of potential losses caused by yield shortfalls for 11 major crops across the two main …
Berkshire Hathaway Specialty Insurance (BHSI) announced it has named Javier Villalba to its expanding leadership team in Spain as head of Claims. Villalba comes to BHSI with nearly 20 years of claims experience. He was most recently director for Expert …
A June data breach that hit Canada’s Desjardins Group has affected all of the financial cooperative’s 4.2 million members, prompting government reforms to protect personal information in the Canadian province of Quebec, an official said on Friday. Quebec Finance Minister …
