Insurance

Dirk Spenner has been appointed to the role of CEO, International, at Gallagher Re, taking over from Tony Melia, who is retiring after a career of over 40 years. Spenner’s new role is effective June 1, 2024. He joined Willis …

Brace Underwriting Limited recently announced the launch of Brace USA with Glenn Dorr as president and head of marketing, North America. reporting to Adam Holberry, Group CEO of Brace. Founded in October 2019 by group CEO Adam Holberry, London-based Brace …

Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly celebrating. While he reminded analysts during a fourth-quarter earnings conference call that the large majority of Chubb’s personal insurance portfolio …

Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global competitiveness following Brexit as top rival New York lures …

Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. …

The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and personal lines at 109.9, according to the latest underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman. …

After three years of starts and stops, a bill is moving through the Georgia legislature that would provide mental stress benefits for first responders – not through workers’ compensation but through a relatively new type of supplemental insurance program. So …

The U.S. Occupational Safety and Health Administration has fined a Georgia plumbing contractor more than $184,000 for failing to take safety measures to prevent a fatal fall last summer. Robert Hall, a 34-year-old father of four, was asked to crawl …

Global insurance broker Arthur J. Gallagher & Co. reported the acquisition of Washington Depot, Connecticut-based Ericson Insurance Advisors. Ericson Insurance Advisors is a personal lines-focused insurance broker serving high-net-worth clients nationwide. Spencer Houldin, Peter Houldin and their team will remain …

Aircraft leasing firms have secured settlements with Russia totaling more than $2.5 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international lessors are handing ownership …