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Marsh Taps Saunders from UK National Crime Agency as Cyber Risk Consultant

Marsh announced the appointment of Dr. Jamie Saunders as a strategic adviser on cyber risk management within its UK specialist cyber security and risk team, part of the firm’s Client Advisory Services division. Saunders will be based in London. One …

The Hartford to Buy Aetna Group Life, Disability Business for $1.45 Billion

The Hartford has agreed to acquire Aetna’s U.S. group life and disability business for cash consideration of $1.45 billion. This acquisition enhances The Hartford’s group benefits distribution capabilities and accelerates the company’s technology strategy, according to the announcement. “The transaction …

Opioid Abuse Has Leveled Off But Isn’t Declining: ASA Analysis

While the upswing in opioid abuse has leveled off, the level does not appear to be declining and remains disturbingly high, according to an analysis of national data presented at the American Society of Anesthesiologists (ASA) annual meeting. More than …

Dutch Insurer Aegon Eyes Acquisitions Such as Smaller Competitor ASR

Aegon NV, the Dutch insurer that generates most of its business from the U.S., is scouting for acquisitions and has looked at companies including smaller rival ASR Nederland NV amid consolidation in the domestic market, according to people familiar with …

Insurers Weigh Premium Hikes for UK’s Tall Buildings After Grenfell Tower Fire

Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related risks following the Grenfell fire in London earlier this year. Inquiries into the tragedy, which killed up to 80 …

Court Sides with Florida Gov in Battle Over Nursing Home Generators

Florida Gov. Rick Scott has won the first round in a legal tug-of-war over his mandate that nursing homes and assisted living facilities install generators. The 1st District Court of Appeal on Thursday rejected a legal challenge to emergency rules …

CoreLogic: Hurricane Nate Property Damage Could Top $1B

Hurricane Nate preliminary loss estimates are estimated to be between $650 million and $1.35 billion, according to CoreLogic. The loss estimates were calculated based on data analysis, total insured and uninsured loss for both residential and commercial properties, including damage …

Pratt Named Chief Agency Officer at North Carolina-Based SUNUP Insurance Services

Larry Pratt has joined SUNUP Insurance Services, headquartered in North Carolina, as the chief agency officer. Pratt will be responsible for leading agency operations for the company. He comes to SUNUP with experience in agency distribution, including extensive experience in …

Admitted Carriers, CanaBOP Coming to California’s Cannabis Industry

The first admitted insurance carrier has filed to provide coverage to California’s legal cannabis industry and several more carriers have stated their intent to file products, according to state Insurance Commissioner Dave Jones. It also appears that standardized insurance forms …

Swiss Re Adds Management Liability Coverage for Non-Profits, Private Companies

Swiss Re Corporate Solutions has expanded its Executive Risk product offering with the launch of SwissGuard, a multi-coverage, management liability policy designed for non-profit and private companies. SwissGuard insures against directors and officers liability, employment practices liability and fiduciary liability …

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