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Argo Group Completes Ariel Re Purchase; Mather Heads Reinsurance Unit

Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance, announced that former Ariel Re chief executive officer, Ryan Mather, will serve as Argo’s global head of reinsurance, leading all reinsurance operations. The company’s reinsurance business will …

Tesco Bank Hack Still a Mystery – to Frustration of Other UK Lenders

British banking executives and security experts are growing frustrated at the dearth of information available more than three months after 2.5 million pounds ($3.09 million) was stolen from Tesco Bank in the UK’s biggest financial cyber heist. Security officers normally …

Woodruff-Sawyer in California Names Allen Practice Leader

San Francisco, Calif.-based Woodruff-Sawyer & Co. has named Norman Allen corporate executive protection practice leader. Norman will be responsible for providing vision and focus for the practice, which includes directors and officers liability, employment practices, mergers and acquisitions, errors and …

Uber Offers Guaranteed Revenue for French Drivers, Avoiding Wage Law

Uber Technologies Inc. offered to guarantee revenue for its most financially strained French drivers, temporarily averting a new law that would force a minimum wage for all chauffeurs. The company proposed a 21 euro ($22.50) per hour minimum gross revenue …

Munich Re Q4 Earnings Drop to 500M Euros ($530M) on Nat Cat Claims

Munich Re, the world’s biggest reinsurer, reported a bigger-than-expected drop in fourth-quarter earnings as claims from natural disasters rose while prices continue to fall. Net income declined to about 500 million euros ($530 million) from about 700 million euros a …

Proof of Loss Deadline Extended for Florida Hurricane Matthew Claims

The Florida Office of Insurance Regulation announced that the Federal Emergency Management Agency (FEMA) has granted another extension giving National Flood Insurance Program (NFIP) policyholders in Florida an additional 60 days to file a complete, signed, and sworn proof of …

North Carolina Company Faces Fine Over Red Dye Contamination in Creek

A company could be fined by North Carolina regulators after a rupture at a Winston-Salem plant dumped red dye into a creek, killing some fish and prompting a warning for people to avoid the water. The spill occurred at Hanes …

Greene & Associates Opens Office in Florida; Adds Fuchs to Underwriting Team

Underwriting manager and wholesale broker in Greene & Associates, based in East Aurora, N.Y., has opened its an office in Bradenton, Fla., and hired Don Fuchs to its underwriting team. Fuchs has more than 35 years of underwriting experience to …

POWERS Insurance and Benefits Promotes Dowd

Missouri-based POWERS Insurance and Benefits has promoted Meaghan Dowd to insurance advisor. In this position, Dowd will provide specialized insurance guidance and professional advice to the agency’s clients and prospects. Dowd recently earned her Personal Lines Coverage Specialist (PLCS) certification, …

Ohio Benefits Firm Merges with USI Insurance Services

Accelerated Benefits in Ohio has joined forces with USI Insurance Services (USI), the companies announced. Founded in 1986 by Thomas P. Wagoner and headquartered in Dublin, Ohio, Accelerated Benefits and its employees will remain at the current Dublin location. Wagoner …

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