Ryan Specialty Group LLC has acquired The Navigators Group Inc.’s insurance agency operations in Sweden and Denmark. The transaction represents a 100 percent acquisition of Navigators’ Sweden and Denmark corporations, NUAL AB and Navigators A/S, respectively. Navigators’ local employees have …
Insurers paid out around $50 billion for natural disaster claims last year, almost double 2015’s payout of $27 billion, reinsurer Munich Re said in its annual natural catastrophe review on Wednesday. Earthquakes in Japan and devastating floods in China – …
Swiss Re Corporate Solutions has appointed Falk Schmaler as head of Middle East and North Africa (MENA). In his new role, Schmaler will be based in Dubai and responsible for driving the company’s business strategy and market presence in the …
A Florida judge says a rule requiring companies to notify the public of pollution events within 24 hours is invalid. The new rule was pushed by Gov. Rick Scott after it took weeks for the public to be notified about …
American International Group said it has completed the $3.4 billion sale of its mortgage guaranty unit to Arch Capital Group. The deal to sell United Guaranty Corp. (UGC), first announced in August 2016, closed on Dec. 31. “With this transaction, …
Police records show business owners in Savannah, Ga., reported a significant increase in burglaries during 2016. Crime reports by Savannah-Chatham County police show 347 commercial burglaries were reported between last Jan. 1 and Dec. 24. That’s up 41 percent from …
Authorities are searching for the cause of a fire that tore through a row of houses on Wheeling Island, W. Va. Wheeling Fire Department spokesman Philip Stahl tells media outlets no one was injured in the fire that was reported …
Velocity Risk Underwriters has expanded its Florida home insurance products and is now writing coastal homeowners policies statewide. Velocity offers an A.M. Best “A” rated coastal homeowners program through Texas-based State National Insurance Company. Velocity had been writing home insurance …
For just the second time in its history, the federal government’s National Flood Insurance Program (NFIP) has reinsurance to help it weather major storms. The Federal Emergency Management Agency (FEMA), which manages NFIP, announced that it has secured more than …
North Dakota’s new insurance commissioner, Jon Godfread, who was sworn in on Jan. 3, 2017, appointed Jeff Ubben as deputy insurance commissioner and Marcy Ost as executive assistant as part of his first official day in office. Godfread succeeds Adam …
