Bishop Street Underwriters Launches MGA Incubator
Bishop Street Underwriters announced the rollout of Bishop Street Program Managers (BSPM), an incubator for developing managing general agents (MGA). Embedded within Bishop Street’s ecosystem and backed by its $600 million gross written premium platform, BSPM promises to provide the …
Delaware Workers’ Compensation Rates Dropping Again
Delaware’s workers’ compensation insurance rates paid by employers will decrease for the ninth year in a row, effective December 1. The voluntary private market average loss costs are expected to drop by 11.6%, while the residual market for high risk …
Business Moves: MNK International Acquires Broker in Turkey; Specialist Risk Group Buys Healthcare Consultancy, Specializing in UK Professional Sports
MNK International Acquires New Broker in Turkey MNK International, a London-based independent Lloyd’s broker, has acquired a new broker in Türkiye for an undisclosed amount. The business will focus on insurance and reinsurance solutions across a range of complex and …
People Moves: The Baldwin Group Names Campo Construction Practice Partner
The Baldwin Group, headquartered in Tampa, Florida, added Mike Campo as a partner in its construction practice, effective October 27. Campo is a Kansas City–based industry veteran who previously led construction practices at IMA and Lockton, advising contractors, developers, and …
Best Agency to Work For – West Region: Kulchin Ross
Being Pleasant Is Key to Success at Small but Growing Southern California Firm Being pleasant may not sound like it’s part of a recipe for success at a firm operating in a space where people survive and thrive by making …
People Moves: Aon Re Names Secker EMEA Chief Client Officer, De Bosini as Chief Broking Officer; ACORD Taps Former IUA CEO Matcham as Digital Markets Ambassador
This edition of International People Moves details appointments at Aon and ACORD Solutions Group. A summary of these new hires follows here. Insurance broker Aon plc announced the appointments of Andrew Secker as EMEA chief client officer (CCO) for Reinsurance …
Trump Plan Would Open Almost All Coast to Offshore Drilling
The Trump administration is readying a proposal to open almost all US coastal waters to new offshore oil drilling despite opposition from state governors and the president’s previous efforts to close off some of the territory. The draft plan for …
Heat Shock Tips Florida Corals to Extinction
Extreme ocean heat has eradicated two key coral species in Florida from a 350-mile-long reef that protects the state’s coastal cities from storms and provides habitat for fisheries, scientists have found. A record marine heat wave in 2023 killed so …
French Court Penalizes TotalEnergies for Deceptive Greenwashing Claims
Oil major TotalEnergies misled consumers in a 2021 ad campaign claiming it could become carbon neutral by 2050, a French civil court found on Thursday, in the first decision applying France’s greenwashing law to an energy company. The court ordered …
Best Agency to Work For – Midwest Region: DSP Insurance Services
DSP Doubles Down on Independence by Developing From Within As president of DSP Insurance Services, Taylor Virgil is proud to say that the Schaumburg, Illinois-based agency has taken the road less traveled. At a time when many agencies of its …
Best Agency to Work For – South Central Region: Higginbotham
Higginbotham’s Extraordinary Growth Fueled by Recognizing Talent at Every Level It’s not by accident that Higginbotham continually finds itself on the shortlist of best independent insurance agencies to work for. The Fort Worth, Texas-based firm is intentional about every aspect …
World’s Largest Retirement Community Taps Muni Market to Help Build More Homes
The largest retirement community in the world is expanding even further with a nearly $130 million high-yield debt deal. The Villages, a 57,000-acre Floridian megaplex, already part of the fastest-growing metropolitan area in the US, plans to tap municipal-bond investors …
More Flights Delayed Due to Air Traffic Control Staffing Issues
Air traffic control staffing issues are delaying travel at airports in New York, Washington, Newark and Houston, the Federal Aviation Administration said late on Thursday, as a U.S. government shutdown hit its 23rd day. The FAA was reporting staffing issues …
Markets/Coverages: Coalition Launches Excess Cyber Insurance in Quebec
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it is offering Excess Cyber Insurance policies in Quebec along with a refreshed Excess offering across Canada. The refreshed Excess offering will enable Canadian businesses, now including those …
Rivian Agrees to Pay $250 Million to Settle IPO Fraud Lawsuit
Rivian has agreed to settle a 2022 class-action lawsuit by paying $250 million to some shareholders who had alleged the electric vehicle maker defrauded investors over vehicle prices when it went public, according to a court filing on Thursday. The …
EU’s New Sanctions Boost Allies’ Push to Hit Russian Energy
The European Union adopted a new package of sanctions targeting Russia’s energy infrastructure, building on new US and UK moves to chip away at Moscow’s ability to wage its war against Ukraine. The EU measures will ban LNG imports from …
Apple Loses Landmark UK Lawsuit Over App Store Commissions
Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, in a blow which could leave the U.S. tech company on the hook for hundreds of millions of pounds in damages. The Competition …
People Moves: CRC Group Names New Team Members in Specialty Division; Howden US Appoints Hanback EVP
CRC Group Names New Team Members in Specialty Division CRC Group, headquartered in Birmingham, Alabama, added three new professionals to its CRC Specialty division. Ryan Degale rejoins CRC Specialty as a broker based in Orlando with the Boca Raton, Florida …
Growth Momentum Continues for Program Business: TMPAA
The program business sector is growing at a rate that outpaces the broader commercial insurance market. Between 2010 and 2020, the program business sector grew from $17.5 billion in commercial insurance revenue to $53.8 billion. In 2024, premium volume climbed …
Waymo to Manually Test Autonomous Vehicles at Newark Airport
Alphabet’s Waymo said on Wednesday it will begin manual testing of its autonomous vehicles at Newark Liberty International Airport, as the firm looks to bring its robotaxis to one of the three main airports serving the New York City area. …
Comunicados de prensa más recientes
Gran Caimán, 18 de diciembre de 2024.
St. Kitts y Nieves, 6 de diciembre de 2024. El Gobierno de Honduras recibió un pago de US$4.665.090 dentro de los 14 días de un evento de exceso de lluvia que afectó a ese país durante el período del 14 al 19 de noviembre de 2024.
Granada, 30 de julio de 2024. Tras el paso del huracán Beryl, Grenada Electricity Services Limited (GRENLEC) recibió un pago de seguro de US$9.323.275 del CCRIF.
