A former motor vehicle operator for the United States Postal Service (USPS) has been charged with making false statements to obtain federal employees’ compensation, according to a complaint unsealed in federal court in Brooklyn, N.Y. Joseph Penatello was arrested and …
Marsh & McLennan Agency (MMA) has hired Denise Perlman as executive vice president of Business Insurance and National Partnerships. Perlman is based in Richmond, Va., and reports to MMA President Bill Jeatran. In this role, Perlman will lead MMA’s national …
Selective Insurance Company of America, a subsidiary of Branchville, N.J.-headquartered Selective Insurance Group Inc., has appointed Christopher Cunniff to senior vice president of actuarial reserving and Ryan Bradley to vice president of contact center operations. Cunniff joined Selective in July …
Prudential is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field. The direct-to-consumer service marks a …
An Enstar Group subsidiary has agreed to acquire Maiden Reinsurance North America from a subsidiary of Maiden Holdings. The net consideration payable in the transactions is $307.5 million, subject to certain closing adjustments. Enstar will assume approximately $1.3 billion of …
Uber Technologies Inc. and its former Chief Executive Officer Travis Kalanick defeated a lawsuit claiming the company swept illicit business practices under the rug that cost investors billions of dollars. U.S. District Judge Haywood S. Gilliam Jr. in Oakland, California, …
Catastrophe modeling firm AIR Worldwide (AIR) announced it is collaborating with reinsurance broker Capsicum Re to enhance the insurance industry’s modeling of what many refer to as “silent” cyber incidents. As part of the collaboration, the two firms will identify …
Commercial lines insurer CNA announced the appointment of Michael Costonis as chief operations officer. Costonis will lead all information technology, analytics and operations functions across the organization. He will be reporting to Dino E. Robusto, chairman and chief executive officer. …
Specialist corporate insurance broker Verlingue announced it has acquired independent UK broker ICB Group. Financial details of the deal were not released. With the acquisition of Egham, England-based ICB, Verlingue triples its size in the UK market. It helps to …
Aon plc has promoted Catherine Mulligan and Luke Foord-Kelcey within its Reinsurance Solutions business to strengthen its suite of cyber products for insurers. As global head of Cyber for Aon’s Reinsurance Solutions business, Mulligan will be responsible for setting strategy, …
