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News – Insurance Journal
Rokstone Adds U.S. Agriculture Division
Rokstone, an international specialty re/insurance MGA, part of the Aventum Group, has launched a specialist agriculture division for the U.S. market. The new division, Rokstone Agriculture Risk Underwriters, will be led by underwriting specialist Eric Conklin who has over 20 …
POSTED AUGUST 03, 2021 4:33 PM |
Houston’s CrossCover Enters E&S Property Insurance Market
Houston-based CrossCover Insurance Services, a new managing general underwriter targeting middle-market commercial business, is entering the excess and surplus property market. CrossCover was established in partnership with Vero Beach, Florida-based Orchid Underwriters Agency LLC (Orchid Insurance). CrossCover will offer limits …
POSTED AUGUST 03, 2021 4:23 PM |
Fire Near Montana’s Flathead Lake Destroys Homes, Other Structures
A wind-driven wildfire destroyed more than a dozen homes, outbuildings and other structures around northwestern Montana’s Flathead Lake after the flames jumped over a state highway, authorities said. Evacuations had been ordered by the Finley Point/Yellow Bay Fire Department about …
POSTED AUGUST 03, 2021 4:21 PM |
South Dakota Supreme Court Allows Police Excessive Force Lawsuit to Proceed
The South Dakota Supreme Court is allowing a lawsuit to go forward alleging police officers used excessive force when arresting a Sioux Falls woman in 2016. Nichole Boggs sued in Second Circuit Court for injuries she suffered when two police …
POSTED AUGUST 03, 2021 4:19 PM |
Arizona Supreme Court Malpractice Case Ruling Cites Need for Expert Testimony
An Arizona Supreme Court decision says medical malpractice lawsuits involving unclear causes of death or other injury can’t proceed without sufficient expert witness testimony providing guidance for jurors. The court’s decision stemmed from the 2012 death of a 4-year-old boy …
POSTED AUGUST 03, 2021 4:18 PM |
Zurich Insurance Nearing Deal to Buy Deutsche Bank’s Italian Advisers Unit: Sources
Zurich Insurance Group AG is nearing a deal to buy Deutsche Bank AG’s Italian financial promoters network, according to people familiar with the matter. Zurich has emerged as the leading candidate to buy DB Financial Advisors in a deal that …
POSTED AUGUST 03, 2021 4:11 PM |
People Moves: Ensurance Hires D’Aliesio as Casualty U/W; Chaucer’s Litterick to Occam for Low Carbon Energy; Stephenson to Aqueous as Snr U/W
This edition of International People Moves covers London-based appointments at three managing general agents: Ensurance, Occam and Aqueous Underwriting. A summary of these new hires follows here. MGA Ensurance Hires D’Aliesio as Senior Casualty Underwriter Ensurance, the specialty lines managing …
POSTED AUGUST 03, 2021 3:40 PM |
7 Insurtechs With Multibillion-Dollar Valuations
A number of insurtech startups are coming to market through blank-check companies. Here are valuations of several that have announced special purpose acquisition company (SPAC) plans. (Reporting by Alwyn Scott)
POSTED AUGUST 03, 2021 2:30 PM |
People Moves: Hartford Names Burns to Lead Marketing/Comms; Beazley Promotes Beerli for Specialty Risks, U.S. Programs; Purtill Is CRO at AIG
Hartford Names Burns as Head of Marketing and Comms, Succeeding Bromage The Hartford has appointed Claire Burns chief marketing and communications officer, effective Sept. 1. Burns will report directly to Chairman and CEO Christopher Swift. She succeeds Kathleen Bromage, who …
POSTED AUGUST 03, 2021 2:06 PM |
AM Best Assigns Credit Ratings, Stable Outlook to Workers’ Comp Writer SUNZ
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to SUNZ Insurance Co. of Bradenton, Florida. The outlook assigned to these Credit Ratings (ratings) is stable. AM Best said …
POSTED AUGUST 03, 2021 12:30 PM |
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