Industry News

Best's Reviews

Best's News: Improvements in Florida Not Enough to Reopen Homeowners

Apr 19, 2024 Florida’s homeowners market may look better than it has in the past, but Travelers Cos. is still steering clear, according to Travelers...

Tokio Marine America, Trans Pacific Latest To Exit From California Homeowners

Apr 19, 2024 Two units of Tokio Marine have added their names to the list of insurers exiting the California homeowners market as insurers...

Former Arch and Hanover Exec Joins Intact Insurance as Division CUO

Apr 19, 2024 Intact Insurance Specialty Solutions has hired Scott Reinke as chief underwriting officer for its transactional surety team. Reinke will...

Legacy Specialist Darag Acquires Cayman-Based Liability Captive

Apr 19, 2024 Legacy acquirer Darag Insurance Guernsey Ltd. said it signed a sale and purchase agreement to acquire a Cayman Islands-based insurance and reinsurance...

Insurance Journal

People Moves: AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting Team; Markel Promotes Gordge to Head of Terrorism in London

Apr 19, 2024 This edition of International People Moves details appointments at Lloyd...

Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute

Apr 19, 2024 James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River...

People Moves: Chubb Names Scheffler COO of Personal Risk Services; AXIS Appoints Morley Head of US E&O

Apr 19, 2024 Chubb said it has promoted Melissa Scheffler to chief operating officer of Personal Risk Services (PRS). Currently,...

Severe Storms Cause Damage in Middle U.S.

Apr 19, 2024 ST. LOUIS (AP) — Strong storms caused damage in parts of the middle U.S. this week and spawned tornadoes in Kansas and Iowa, including one that left two people hurt. An EF-1 tornado...

Claims Journal

Gallagher: Global Insured Natural Disaster Claims Again Dominated by Severe U.S. Storms

Apr 19, 2024 Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with U.S. claims accounting for more than...

Nord Stream Insurers Deny Policies Covered War Risks In UK Lawsuit

Apr 19, 2024 Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in...

Coverys Names Farrell Senior Vice President of Claims

Apr 19, 2024 Coverys named Brian J. Farrell Jr. senior vice president of claims. Farrell was most recently vice president of claims at Chubb, where he was responsible for differentiating...

Zurich, Philadelphia, Others Ordered to Pay $345M to Cover Abuse Charges at Georgia School

Apr 19, 2024 Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual...