The insurance-linked securities (ILS) market potentially could bear up 20 percent of the insured losses generated by Hurricanes Harvey, Irma and Marie, according to an A.M. Best report. These three hurricanes during a two-month period in 2017 now serve as …
If you sit in an Uber car for too long, the ride-hailing company plans to check up on you to make sure all is OK. That’s one of several new features Uber Technologies Inc. unveiled on Wednesday meant to make …
The father of a man injured when a trash truck he was riding in was struck by a train full of Republican lawmakers is suing over the crossing where the collision happened. Charlottesville TV stations WCAV and WVIR report Dennis …
Todd A. Bryant has been named managed care ombudsman with the Virginia State Corporation Commission’s (SCC) Bureau of Insurance, effective September 10, 2018. Bryant has worked in the Ombudsman’s Office as a senior insurance market examiner for the past six …
USI Insurance Services (USI), an insurance brokerage and risk management company, has acquired Wilbraham, Mass.-based The Gaudreau Group. Terms of the transaction were not disclosed. Founded in 1921, The Gaudreau Group is a commercial insurance, employee benefits, personal risk and …
Global reinsurance broker JLT Re announced that Martin Blackwell will be joining the firm as a partner, Capital Solutions, next month. Blackwell brings 40 years of market experience to JLT Re. He has served as head of Client Management at …
Pro US Holdings, the sole shareholder and immediate parent of ProTucket Insurance Company – the insurance carrier established in Rhode Island to provide run-off transfer solutions in the U.S. – has contributed $35 million of funding to ProTucket Insurance Company. …
As global reinsurance executives gathered in Monte Carlo for their annual Reinsurance Rendezvous, Fitch Ratings said it expects consolidation of the industry will continue. The firm said intense market competition and capital levels will continue to drive merger and acquisition …
British Airways apologized on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app. The airline discovered on Wednesday that bookings …
Independent specialty managing general agent Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation platform Castel Underwriting Agencies Limited in an asset purchase. Altitude is a London-based aerospace MGA, co-founded in 2014 by David …
