Insurance
Optio Acquires Italian MGA Heca
Optio Group, the London-based specialty managing general agent, announced it has acquired a strategic investment in the Italian MGA, Heca S.r.l., for an undisclosed sum. Founded in 2010 in Ortona, the province of Chieti in Abbruzzo, Heca has rapidly grown …
Read More People Moves: Arch Insurance Int’l Promotes Brooks to Lead Fine Art & Specie; Aon Names Schultz Vice Chair of Reinsurance, Pennay Becomes CEO of Aon Securities
This edition of International People Moves details appointments at Arch International Insurance and Aon. A summary of these new hires follows here. Arch Insurance International Promotes Brooks to Head of Fine Art & Specie Arch Insurance International announced the promotion …
Read More Intersys Expands in UK Insurance Market With Launch of London Office
Intersys, the UK-based provider of cyber risk management solutions, announced its expansion in the UK insurance market with the opening of an office in Leadenhall Market in London. Intersys’ London office will serve as a hub for delivering cutting-edge cyber …
Read More Workplace Flexibility Is Key to Employee Retention: Research
Less than a month after Amazon announced employees would need to give up their flexible work arrangements and return to the office full-time, new research has reinforced the value of a flexible work culture. The 2024 Employee Benefits Review, by …
Read More Russia and Iran Are Ramping Up Threats to UK, Spy Chief Warns
Threats to the UK from Russia and Iran and the danger posed by the Islamic State group have increased in recent months, according to the head of Britain’s domestic spy agency. Ken McCallum, the director-general of MI5, said the security …
Read More Predictive Model Delivers Insights as Insurers, Reinsurers Brace for More Civil Unrest
Executive Summary: Insurers and reinsurers are responding to heightened risks of civil unrest with better calculations of their probable maximum losses, careful risk pricing, clear contractual wordings, and by using new modeling tools to help grasp this potentially costly risk. …
Read More Global Emissions Likely Have Peaked as Renewables Take Hold
The world is choking from emissions more than ever, but that trend is set to reverse starting next year as the cost of solar panels and batteries crowd out coal and stunt the growth of oil, a new report says. …
Read More Unlicensed Work Does Not Void Contract With Condos, Florida Appeals Court Says
Being unlicensed as a contractor in Florida does not necessarily void a storm-remediation contract, a Florida appeals court said in a decision that could affect insurance defense strategy in hurricane claims. “This shows that it’s really important to know the …
Read More California Household Goods Maker Settles with EPA for $250K for Sale of Unregistered Disinfectants
The U.S. Environmental Protection Agency got a settlement from Gardena, California-based U.S. Jaclean Inc. over claims of illegal distribution or sale of unregistered and misbranded disinfectants and other pesticide products. The sale and distribution of such products violates the Federal …
Read More Shareholders of Taiwan’s Shin Kong Approve Merger With Taishin
Shareholders in Taiwan financial conglomerate Shin Kong on Wednesday voted to approve a merger with peer Taishin. Shin Kong’s management has repeatedly said they viewed Taishin as their preferred bidder. Another Taiwanese financial conglomerate, CTBC 2891.TW, last month dropped its …
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