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INSURANCE NEWS
People Moves: Aon Promotes Navas as Chief Claims Officer for EMEA; Canopius Taps Hiscox’s Parry as Group Chief Claims Officer
This edition of International People Moves details claims appointments at Aon and Canopius. A summary of these new hires follows here. Aon Promotes Navas as Chief Claims Officer for EMEA Insurance broker Aon plc has appointed José María Navas as …
Artist Suing FIFA Over Destruction of Dallas Whale Mural
The artist who painted a giant mural on a building in downtown Dallas of life-sized swimming whales has filed a $25 million lawsuit against soccer’s international governing body and others, saying they illegally painted over his work to promote the …
Markets/Coverages: Fidelis Partnership Forms PVT Consortium for Rising Capacity Needs
Markets/Coverages: Fidelis Partnership Forms PVT Consortium for Rising Capacity Demand The Fidelis Partnership (TFP), the Bermuda-based managing general agent, announced the launch of the TFP PVT Consortium, which brings together leading Lloyd’s syndicates to deploy meaningful new capacity into the …
US Races to Contain Deadly Screwworm Threat to Cattle Supply
The US Department of Agriculture is racing to contain the deadly New World screwworm after a case was detected in Texas, where a broader outbreak could threaten an already-small domestic cattle herd. The flesh-eating parasite was confirmed on Wednesday in …
Shepherd Corrals Another SW Florida Agency—Responsive Insurance in Naples
Shepherd Insurance has continued its expansion in southwest Florida, this time with the acquisition of Responsive Insurance, an agency with offices in Estero and Naples, the company said this week. Matt Nance, owner of Responsive, and his team will stay …
Georgia Commissioner’s Office Offers $10,000 Reward for Help on String of Arsons
The Georgia Insurance Commissioner’s office is offering a reward of as much as $10,000 for information leading to the culprit behind a vehicle fire, one of several suspicious fires in Cedartown in recent months. After local firefighters subdued the vehicle …
Trump Admin Wants to Close Watchdog on West Virginia’s Chemical Disasters
After a chemical leak at the Ames Goldsmith plant in Kanawha County killed two workers and injured dozens more last month, federal investigators quickly arrived in West Virginia to begin piecing together what went wrong. Now, the federal agency tasked …
Colorado Governor Signs Law Aimed at Lowering Homeowners Insurance Costs
Colorado Gov. Jared Governor Polis signed a bill into law that proponents say will lower the price of homeowners insurance in Colorado, Polis signed SB26-155, called Increase Access Homeowner’s Insurance Enterprise, designed to make it more affordable for residents to …
LinkedIn China Spying Threat Prompts Warning From US, Allies
The US and its “Five Eyes” intelligence partners issued what they said was an unprecedented joint notice warning about attempts by Chinese spies to use websites such as LinkedIn to recruit assets. “China’s military intelligence services are using an increasingly …
Allianz Is Said to Be in Advanced Talks to Buy Portuguese Insurer Caravela
Allianz SE is in advanced talks to buy Caravela Seguros after submitting an offer for the Portuguese insurer, according to people familiar with the matter. Allianz is currently discussing a potential acquisition of Caravela Seguros with company shareholders, said the …
Renewals for Most Commercial Lines Decrease in May, Says Ivans
Year over year, average U.S. commercial premium renewals for May increased in all lines except workers’ compensation, according to the Ivans Index. However, month over month, commercial auto, business owners policy, general liability, and umbrella saw a decrease, while commercial …
Howard Hughes Holdings Completes $2.1B Acquisition of Re/insurer Vantage Group
Vantage Group Holdings Ltd., the Bermuda-based specialty re/insurer, announced it has been successfully acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The all-cash acquisition of Vantage anchors HHH’s strategy to transform itself into a diversified holding company, …