Marsh & McLennan Cos.’s reinsurance broker sued a London rival, saying it secretly planned an unethical “raid” of 38 people across Europe, in the latest lawsuit to pore over clandestine staff poaching allegations. Guy Carpenter & Co. said that its …
Amynta Group said it has completed its $400 million acquisition of Ambridge Group from Brit. A multi-year strategic partnership had previously been announced in which Brit, a subsidiary of Fairfax Financial Holdings Ltd., will be a significant capacity partner to …
Georgia’s insurance commissioner is warning consumers to steer clear of Dirt-Cheap Insurance, an unlicensed outfit that he said has sold fraudulent policies in the state. Three people associated with Dirt-Cheap, Deamarkis Barber, Oluwatosin Oyediran, and Kamaria Berry, have been charged …
Specialty insurance provider CFC announced today it has appointed Michael Phillips as Cyber Practice Leader. In this newly created role based out of New York, Michael will drive CFC’s cyber underwriting strategy and broker development in the US with a …
Hylant, one of the largest privately held insurance brokerages, announced it has acquired Aegis Insurance Services Inc. of Alpharetta, Georgia, a broker and agency specializing in the moving and storage industry. Aegis, headed by CEO Barbara Stevens, will continue to …
A Florida man who was driving his Tesla at least 116 mph (186 kph) before crashing into a house and killing two people in 2021 has been sentenced to 27 years in prison. Vaughn Mongan, 45, of Palm Harbor, was …
McGriff Hires SVP, Director and Producer for its Houston Marine and Energy Practice McGriff has added three new members to its growing Houston, Texas-based marine and energy practice. Joe Etzler joins McGriff as managing director with 17 years of experience …
Peloton Interactive Inc will recall 2.2 million exercise bikes due to the risk of injuries from a seat-related issue, the company said on Thursday, sending its shares down 7%. The voluntary recall piles on more pressure on Peloton as it …
An energy company should be fined nearly $3.4 million for safety violations involving a 2021 oil pipeline spill that fouled Southern California beaches, a federal regulator said. Amplify Energy Corp. ignored 83 alarms indicating the offshore pipeline had leaked and …
Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the …
