Sheila Cameron, currently head of International Operations at Navigators Underwriting Ltd., is to become the next CEO of the Lloyd’s Market Association (LMA), following the announcement that David Gittings will be stepping down at the end of the year after …
Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings Plc’s stake in a Malaysian insurance joint venture as part of a plan to expand its presence in Asia, three people familiar with the matter said. FWD, owned by …
Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into the financial payments sector. The conglomerate …
Apollo Global Management LLC, the investment firm led by Leon Black, agreed to acquire Aspen Insurance Holdings Ltd. for $2.6 billion, in the latest example of private equity investors expanding their insurance assets. Apollo will pay $42.75 a share in …
Western Kentucky University is developing a statewide drought warning system with the help of a $200,000 federal grant. The Bowling Green Daily News reports the Kentucky Climate Center at Western Kentucky University received the two-year grant from the National Oceanic …
Trinity Underwriting Managers (TUMI), a division of Worldwide Facilities, has added Haley Kirchen as underwriter. She will be based in the Savannah, Ga., office. Kirchen has more than 15 years of experience to her new position including roles at Nationwide …
The North Carolina Division of Motor Vehicles has suspended the printing of new driver’s licenses after people noticed errors on new cards. The News & Observer reports the DMV has asked contractor IDEMIA to stop printing and issuing licenses until …
A serial Florida arsonist has been arrested and charged with 10 counts of 2nd degree arson in Palm Beach County for setting fires to $300,000 worth of RVs, according to a statement from Florida CFO and State Fire Marshal Jimmy …
Insurers may be non-renewing more in wildfire-prone areas of California, sending an increasing number of people to the residual market or to surplus lines insurers. A report released on Monday shows that market shares of the FAIR Plan, the state’s …
West Virginia’s attorney general says his office has reached a settlement over allegations that a leasing company unlawfully repossessed vehicles. Attorney General Patrick Morrisey said in a release that the settlement with Auto Trakk LLC was valued at nearly $900,000. …
