Posts by Hometown Insurance

BMS Group, the independent specialist re/insurance broker, announce the acquisition of Calomex, the Mexico City-based specialist reinsurance broker, by BMS Re. The terms of the transaction were not disclosed. Established in 1996, Calomex delivers reinsurance solutions to Mexican surety providers, …

Fidelis Insurance Holdings Ltd. announced its intention to create a new managing general underwriter, which, subject to regulatory approval, will be separated from the existing balance sheet insurance companies, called Fidelis Balance Sheet Companies. This new structure will allow each …

Ukraine forged ahead on Monday with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing global food shortages but said a weekend missile strike by Russian forces on Odesa underlined the risks to …

The National Weather Service has confirmed that a small tornado touched down in suburban Chicago Saturday. Snapped trees and minor damage to roofs in Naperville were reported Saturday, meteorologist Todd Kluber said. The tornado touched down about 5:40 a.m. and …

London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game — that is the warning from Mark Austin, the latest person charged with sprucing up the UK’s listing rules and …

United States Attorney Duane A. Evans announced that Larry Williams, age 49, of New Orleans, was sentenced last week for Conspiracy to Commit Wire Fraud, in violation of Title 18, United States Code, Section 371, arising out of a staged …

A number of insurance underwriters are interested in providing cover for grain shipments from Ukraine after an agreement was reached to re-open Black Sea ports, although the first shipments are expected to be weeks away, industry sources said on Friday. …

The New Orleans City Council has reversed itself and approved police use of facial recognition software and cellphone surveillance towers to investigate violent crimes. The ordinance, approved by the council on a 4-to-2 vote Thursday, comes as killings in the …

Trager Limestone LLC, which operates the Nettleton Limestone Quarry in Caldwell County, Missouri, has agreed to pay a $210,000 civil penalty and perform watershed restoration at a cost of over $300,000, as part of a settlement with the federal government. …

The Federal Communications Commission has ordered phone companies to stop carrying traffic related to robocalls about scam auto warranties. US voice service providers must now “take all necessary steps to avoid carrying this robocall traffic,” or provide a report outlining …