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Sompo International Hires Allied World’s James to Run International Insurance Business
Sompo International Holdings Ltd., a Bermuda-based specialty property and casualty re/insurer, announced that Julian James will soon join the organization to lead the London market and international insurance platforms. Subject to regulatory approval and after a short period of transition, …
POSTED JANUARY 23, 2020 2:16 PM |
Massive Fire Scorches Six Row Houses in Staten Island
A fast-moving five-alarm fire severely damaged six row houses in Staten Island on Monday, displacing more than 30 people and causing minor injuries. John Sudnik, chief of the Fire Department of New York, said wood construction in the attics of …
POSTED JANUARY 23, 2020 1:14 PM |
New Jersey Law Bans Sale of Flavored Vaping Products
The sale of flavored vaping products is banned in New Jersey under legislation Democratic Governor Phil Murphy signed Tuesday. Murphy signed the measure that moved to his desk amid a nationwide scare last year over mysterious illnesses linked to vaping. …
POSTED JANUARY 23, 2020 1:10 PM |
The Hilb Group Acquires New York’s BR Vital Brokerage
The Hilb Group LLC (THG) has acquired New York-based BR Vital Brokerage Inc. (BRV). The transaction became effective January 1, 2020. Based in Brooklyn, N.Y., BRV is an independent brokerage primarily providing property and casualty insurance with a specialty in …
POSTED JANUARY 23, 2020 1:03 PM |
Massachusetts’ EverQuote Hires Brainard as EVP of Engineering, Marketplace
EverQuote Inc., a Cambridge, Mass-based online marketplace for insurance shopping in the U.S., has hired David Brainard as executive vice president of Engineering, Marketplace. In this role, Brainard will serve as the operational leader of marketplace-wide engineering teams and platforms …
POSTED JANUARY 23, 2020 1:00 PM |
Bushfire-Ravaged Australians Face Choice in Era of Climate Change: Rebuild or Leave?
It took two years for Nigel Allison to build his mud-brick house on a sleepy southeastern tip of Australia, and just hours for it to be gutted by fire. The cherished three-bedroom home built in 1986 was one of several …
POSTED JANUARY 23, 2020 8:00 AM |
Ratings Agencies Disagree Over Financial Strength of Florida Family Insurance Co.
The credit ratings of homeowners insurer Florida Family Insurance Co. and its subsidiary, Florida Family Home Insurance Co., have been downgraded by AM Best due to a deterioration in underwriting results for the insurer. However, ratings agency Demotech says it …
POSTED JANUARY 23, 2020 7:38 AM |
Major Cyber Attacks of 2019 Seen via Infographic from Cyber Risk Modeling Firm Kovrr
With the number of cyber attacks on the rise, it’s natural to think that this increase of cyber attacks is due to new actors and technological developments, said Yakir Golan, the CEO of Kovrr, the Tel Aviv-based provider of predictive …
POSTED JANUARY 23, 2020 7:30 AM |
Munich Re Weighs Whether to Set Long-Term Profit Target of $3.3 Billion: Source
Munich Re is considering whether to set itself a long-term net income target of 3 billion euros ($3.3 billion) a year as the company seeks to match levels it regularly achieved until 2015. The reinsurer may announce such a plan …
POSTED JANUARY 23, 2020 7:20 AM |
J.C. Flowers Considers Sale of Its French Loan Insurance Broker CEP
J.C. Flowers & Co, the U.S. investment and financial services-focused private equity firm, is reviving plans for a potential sale of its French loan insurance broker Financiere CEP, according to people familiar with the matter. The firm is considering various …
POSTED JANUARY 23, 2020 7:15 AM |
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