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Beazley Beefs Up U.S. Large Property Team with Berkshire’s Westhoff, Ironshore’s Irwin

Specialist insurer Beazley has appointed Matthew Westhoff as head of U.S. large commercial property based in New York. Westhoff will manage the US-based team, working alongside the property team in London. He brings 16 years of insurance experience and was …

Lowsley Joins Hanover from Navigators as Chief Human Resources Officer

The Hanover Insurance Group has hired Denise M. Lowsley to be executive vice president and chief human resources officer. Lowsley will focus on the Massachusetts-based insurance carrier’s human capital strategy and its collaborative culture. Lowsley has 20 years of experience …

Vehicles’ Pedestrian Warning Systems Need Improvement, Says IIHS

The performance of modern pedestrian detection systems varies widely between carmakers, with high-end luxury brands generally faring better and other models failing to recognize pedestrians altogether, according to a study released on Tuesday by a U.S. insurance research group. The …

Markel Adds Cyber Security Tool WhiteHaX for Cyber Insurance Customers

Markel, a cyber liability insurer, has added a risk management tool for its cyber insurance policyholders. WhiteHaX, a cyber risk testing and reporting tool, simulates cyber security breaches and assesses the readiness of deployed security infrastructure and software. Markel says …

BHSI Forms Construction, Casualty Teams in France, Led by AXA XL’s Antiphon, Bonifay

Berkshire Hathaway Specialty Insurance (BHSI) announced it has commenced underwriting casualty and construction insurance in France and filled two key in-country leadership posts, naming Olivier Antiphon as head of Construction and Anne-Sophie Bonifay as head of Casualty. Antiphon comes to …

Hong Kong Falls into Recession, Hit by 5 Months of Protests

Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city’s Financial Secretary said. Black-clad and masked demonstrators set fire …

Investment Firm Apollo Hikes Stake in Athene to 35% in Deal Worth $1.55B

Apollo Global Management Inc. is doubling down on its investment in Athene Holding Ltd., increasing its stake to 35% and deepening the ties between the two firms. Apollo will acquire approximately 35.5 million common shares of Athene for about $1.55 …

Chubb Taps Poole from Tokio Marine as Head of Middle Market, UK & Ireland

Chubb announced the appointment of Jonathan Poole as head of Middle Market for the UK and Ireland. In this role Poole will have overall responsibility for Chubb’s Middle Market strategy for the UK and Ireland which includes sales and distribution, …

Alabama Power to Pay $222K Over Chemical Spill, Dead Fish

Alabama Power Company has agreed to pay about $222,000 to settle a chemical spill that killed hundreds of fish near its coal-fired plant about 30 miles northwest of Birmingham, according to a notice Wednesday from the Alabama Department of Environmental …

Manhattan Worker Crushed to Death in Construction Elevator

Authorities say a 24-year-old construction worker was killed in an elevator mishap in Manhattan. It happened Thursday afternoon at a building on Broadway between 29th and 30th streets. Police say the worker was inside a construction elevator that was approaching …

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