Posts by Hometown Insurance

Tangram Insurance Services, an independent managing general agency based in California, has acquired Preferred Reinsurance Intermediaries in Columbia, South Carolina, marking Tangram’s entry into the reinsurance brokerage market. Preferred Re, founded in 1983, works with insurers and reinsurers on traditional …

Chris Nunnally joined Alliant Insurance Services as senior vice president within its employee benefits group. Nunnally is based in Boston, Massachusetts. Before working with Alliant, Nunnally was area vice president within the Boston office of insurance broker Gallagher and prior …

Mauritius lifted its highest weather alert and eased a nationwide curfew Tuesday after a deadly cyclone battered the Indian Ocean island, causing heavy flooding and extensive damage in the capital and other parts of the country. The nearby French island …

Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123 billion in 2023, the fourth consecutive year to exceed $100 billion, according to Gallagher Re’s annual Natural Catastrophe and Climate …

Freezing weather in Germany and other parts of Europe threatened widespread road, rail and flight disruptions as the region braced for snowfall and heavy ice build-up. Frankfurt’s airport operator canceled more than half of the flights scheduled for Wednesday, while …

Canopius Group, the global specialty re/insurer, has launched a new investment management product for asset managers. The product has been developed to respond to shifts in the risk landscape in the highly regulated asset management sector. In an era where …

Russia has allocated an additional 107.7 billion roubles ($1.23 billion) from its rainy day fund to a state company that has been purchasing aircraft from foreign lessors, the finance ministry said on Wednesday. The ministry said it had purchased bonds …

Testimonies from 40 women across banking, insurance, and asset management in Britain describe diversity and inclusion initiatives as often “tokenistic,” and lacking the “teeth” to make a change in an industry where misogynistic attitudes linger. The summary of a private …

Alliant Insurance Services named Greg Zimmer chief executive officer, taking over for Tom Colbert, who has served as CEO for more than 30 years. The new leadership roles will take effect April 1, 2024. Zimmer joined Alliant in 1998 as …

As we’ve seen for the past several years, severe weather is no longer a seasonal or geographic issue—climate risk has now made these events possible all year long and in every state. The statistics back up this frightening reality. November’s …