Insurance

This edition of International People Moves details appointments at the re/insurance group Aventum, the broker Aon, and insurer Chubb. A summary of these new hires follows here. Aventum Promotes Eldridge to MD Aventum, the London-based re/insurance group that operates across …

A driver may file a “John Doe” civil action against an unknown driver, even without first obtaining an statement from a third-party witness. But an affidavit must be produced promptly upon request, the South Carolina Supreme Court decided Wednesday. The …

Amazon has pulled the plug on its UK home insurance venture – a comparison website – after launching in October 2022. “Over the last year, we have been evaluating various businesses and programs, and as a part of that we’ve …

Reinsurers’ underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved during 2023 and in the January 2024 renewals, which will likely lead to softer market conditions in 2025, according to …

Ford Motor said Wednesday it was recalling 2.24 million older Explorer sport utility vehicles worldwide because trim retention clips may not be properly engaged. The recall includes 1.89 million SUVs in the United States and covers 2011 through 2019 model …

Connecticut-based Webster Bank has completed the acquisition of Ametros Financial Corp., a firm that administers medical claims settlements. Ametros provides post-settlement medical administration for those receiving funds from workers’ compensation and liability settlements though a technology platform, CareGuard. CareGuard provides …

W.R. Berkley CEO W. Robert Berkley, Jr. said he’s still got eyes on the specialty market, but maintains a cautious, more disciplined outlook on some lines of business, such as professional liability—especially public D&O. “The specialty market in general continues …

National specialty insurance brokerage Risk Strategies announced it has acquired Professional Risk Associates, Inc. (PRA), a Virginia-based specialty healthcare insurance agency focused on medical professional liability. Founded in 1989 and licensed in 36 states, PRA counts more than 6,000 medical …

A Mississippi investment firm is braving a tight market and entering the commercial property/casualty world with a startup insurance agency. Twain Capital, formed in 2021, has launched Twain Insurance Agency, based in Ridgeland, Mississippi. Principals John Lawrence, Tom Davis and …

Maryland Attorney General Anthony G. Brown announced the settlement of a lawsuit against an Eastern Shore fuel storage facility, including a $600,000 penalty for pollution to groundwater and a nearby creek. The settlement resolves a lawsuit brought against Tri-Gas & …