Posts by Hometown Insurance
Aon’s NFP Acquires UK-Based Business Management Consultancy, Clay GBP Ltd.
NFP, the Aon company and insurance brokerage and consulting firm, has acquired Clay GBP Ltd., a London-based business management firm. Financial details of the transaction were not disclosed. NFP plans to integrate Clay GBP into its subsidiary Ground Control Business …
Read More EU Court Fines Five Countries for Lacking Whistleblower Protection
The EU Court of Justice on Thursday fined five countries for failing to adopt rules to boost protection for whistleblowers who expose fraud, tax evasion, data breaches and other misdeeds. The court handed a fine of 34 million euros ($36.7 …
Read More Australia’s Prudential Watchdog Targets Longest-Serving Board Directors
Australia’s prudential regulator has long-serving board directors in its sights with a proposal to limit their terms to 10 years. The Australian Prudential Regulation Authority’s suggestion was one of several in a discussion paper released Thursday aimed at bolstering governance …
Read More Proxy Adviser Glass Lewis Sticks With Diversity Guidance, Will Flag Risks
Proxy adviser Glass Lewis will continue to consider boardroom diversity when advising how to vote at U.S. company annual meetings, but plans to be clearer about the counter argument for critical vote recommendations to help clients avoid rising political risks. …
Read More Rebranding, Renaming, Reorganizing: The Hartford, CRC Group, Bridge Specialty
The Hartford Stag Gets a New Look The iconic stag logo of The Hartford is getting a new look—one that the company describes as bold and contemporary—honoring “the company’s rich history while demonstrating its modern, visionary spirit.” According to The …
Read More AmFam Reports Underwriting Profit for 2024 to Reverse Losses Last Two Years
After two years of combined ratios over 110, American Family Insurance reported an underwriting profit in 2024—with a 96.6 for the year for all property/casualty lines it writes. The improvement from a 110.8 in 2023 and 111.4 in 2022 came …
Read More Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes
Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures. And bills filed before the 2025 Legislature began this week also would require executive pay disclosure by carriers, along …
Read More People Moves: Arbella Insurance Group Appoints Brady as Next CEO as Donohue Retires
Arbella Insurance Group, headquartered in Quincy, Massachusetts, named Executive Vice President and Head of Claim Paul Brady as CEO, effective June 1. Brady has been with Arbella for nearly 15 years, holding numerous leadership positions, including chief information officer and …
Read More Los Angeles County Sues Utility Edison Over Deadly Wildfire
Los Angeles County sued Edison International to recoup its losses from a January wildfire that was one of the most destructive in California history. The suit alleges that equipment owned by the company’s Southern California Edison utility caused the Eaton …
Read More Aon’s NFP Acquires Lyons Insurance in Delaware
Property/casualty middle-market insurance broker NFP, an Aon company, recently announced its acquisition of Lyons Insurance Agency, Inc., a multiline insurance broker located in Wilmington, Delaware. David Lyons and Tim Lyons, vice presidents of Lyons, will join NFP as senior vice …
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