Riskonnect, a provider integrated risk management (IRM) solutions, said Thursday is acquired Ventiv Technology, a provider of risk, insurance and underwriting technology solutions. “The acquisition adds substantial value for our customers, giving users of both companies access to a broader …

AXIS Capital Holdings Limited named Anna Tan as head of wholesale casualty. Tan joins AXIS from Navigators, a brand of The Hartford, where she served for over 12 years, most recently as head of excess casualty. Before this, she spent …

There’s no relief in sight for US car owners who’ve faced soaring costs of maintaining a vehicle in the past two years. Prices of motor-vehicle insurance rose 20.3% in December from a year earlier, the biggest jump since 1976, according …

Gaven Puchinsky had been pushing vehicles onto a huge cargo ship in one of the nation’s busiest seaports when he heard a loud “clunking” noise that he believed came from the yellow Jeep Wrangler he was using to nudge the …

New Mexico and Alaska are among the safest states for older drivers, a new report shows. Research carried out by personal injury law firm Bader Scott analyzed National Highway Traffic Safety Administration data from 2017 to 2021 to identify states …

EBay has agreed to pay $3 million to resolve a U.S. criminal probe into a campaign by several of its employees to stalk and harass a Massachusetts couple whose online newsletter was viewed as critical of the e-commerce company. Federal …

The family of a University of Arizona professor who was fatally shot on campus in the fall of 2022 has reached a multimillion-dollar agreement with the school, attorneys for the man’s wife and sons said. A statement by the law …

Ryan Specialty, the Chicago-based international specialty insurance firm, announced the expansion of its renewable energy insurance offering on a global basis with PERse International, a managing general underwriter based in London. PERse International specializes in both onshore and offshore renewable …

The state’s oil and gas regulatory agency last month suspended nearly two dozen permits that let companies inject saltwater water into the ground, a routine industry practice that regulators said has contributed to the rising frequency and magnitude of earthquakes …

A blizzard pounded mountainous areas of Oregon and Washington on Tuesday, knocking out power and prompting the closure of highways and ski resorts. The Washington Department of Transportation closed two mountain passes: U.S. Route 2, which goes through Stevens Pass, …

Title insurer Fidelity National Financial (FNF) said about 1.3 million customers have been impacted by a cyberattack it suffered last November. According to a filing with the U.S. Securities and Exchange Commission, FNF became aware of a cybersecurity incident on …

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Ardonagh Specialty, and Lockton Re. A summary of these new hires and promotions follows here. BHSI Taps Holding From Aviva to Lead UK Marine Berkshire Hathaway …

Rokstone, a specialty insurance and reinsurance managing general agency, has launched a new third-party administrator service based in Kentucky. Part of the Aventum Group, Rokstone said its new Verus TPA will manage Rokstone’s agricultural claims in the United States. Two …

CONCORD, N.C. (AP) — A man wrongfully convicted and imprisoned for 44 years has reached a $25 million combined settlement with a central North Carolina city and the state of North Carolina involving a lawsuit accusing authorities of misconduct, the …

Marsh Names Hennessy Northeast Zone Leader Marsh named Patrick Hennessy as zone leader for its eight Northeast offices. Based in New York, Hennessy brings 30 years of insurance brokerage, consulting and management experience to the role, having spent his entire …

The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world’s largest cryptocurrency and the broader crypto industry. The Securities and Exchange Commission said it approved 11 applications, …

China’s financial regulator told its banks and insurers to thoroughly review cyber and data security across all their businesses, underscoring the government’s increased focus on national security and data integrity. In a directive sent at the end of last year, …

Ventis, the commercial and residential real estate managing general agent that provides tailored solutions for a range of property profiles, has opened for business. Founded by Gareth Roberts, previously head of Covéa’s Mid-Market Specialist and Network division, Ventis offers an …

Arthur J. Gallagher & Co. announced the acquisition of UK-based MCMM Services Ltd. (MCMM). Terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education Mutual, a mutual insurer that offers staff absence …

As we head into 2024, many property/casualty companies are primed to grow their businesses, but not all have adequate levels of surplus to support premium growth, an Aon Ward executive said during a mid-December webinar. Jeff Rieder, partner and head …