CNA Hardy, the specialist commercial insurer writing business within the Lloyd’s and company markets, announced that its new European subsidiary has successfully been granted an insurance company license by Luxembourg’s regulator, the Commissariat Aux Assurances (CAA). CNA Hardy chose Luxembourg …
The Federal Emergency Management Agency says it has obligated more than $1 million in assistance to Maine stemming from a severe storm and flooding last fall. The agency says the storm impacted 13 of the state’s 16 counties. It hit …
The National Transportation Safety Board says a twin-engine propeller aircraft reported a loss of power right before a crash that killed three people. A spokesman for the NTSB said the plane, called an Aerostar AEST, was hauled to a secure …
Ryan Specialty Group LLC (RSG) has completed its acquisition of certain assets of ARC Specialty Brokerage LLC, the property and casualty division of ARC Excess & Surplus LLC, a wholesale insurance brokerage based in Jericho, N.Y. These assets have become …
At least 65 U.S. citizens were aboard the Aeromexico passenger jet that crashed in northern Mexico, a U.S. official said on Wednesday, as investigators combed the wreckage for clues to the cause of the accident. The Mexico City-bound Embraer 190 …
American International Group Inc. announced that David H. McElroy will join the company as chief executive officer of Lexington Insurance Co. at a date to be determined. McElroy will lead Lexington Insurance Co. and report to Peter Zaffino, chief executive …
Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice Department said on Wednesday. U.S. prosecutors alleged …
Icy roads and frozen pipes due to bad weather in Canada and Britain hit insurer RSA’s first-half operating profit on Thursday, though results were in line with analyst forecasts. General insurer RSA, best known in Britain for its More Than …
AXA SA gave under-fire Chief Executive Officer Thomas Buberl a needed boost with first-half earnings that beat estimates and growth in new business. AXA, posting its first results since a disappointing partial spinoff of the French insurer’s U.S. unit, reported …
Wefox, one of Europe’s fastest-growing insurance technology firms, is close to settling on a new “triple-digit million” euro funding round, with Softbank’s Vision Fund among the suitors, three sources familiar with the negotiations said. One of the sources said Softbank …
