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Insurance

People Moves: Canopius Promotes Newman to UK CEO; Sedgwick Appoints Gibson as UK CEO

By Hometown Insurance | November 14, 2023
This edition of International People Moves details appointments at A summary of these new hires follows here. Canopius Promotes Newman to UK CEO Canopius Group, the London-based specialty re/insurer, announced the appointment of Mark Newman as chief executive officer for …
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Columbia University and Hospital Plan $100M Fund for Hadden Sex Abuse Survivors

By Hometown Insurance | November 14, 2023
New York City’s Columbia University and Columbia University Irving Medical Center (CUIMC) announced a plan that includes a $100 million fund for survivors to address the abuse and trauma inflicted by former gynecologist Robert Hadden. The $100 million survivors’ settlement …
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Colorado Legislature Convening to Address Skyrocketing Property Costs

By Hometown Insurance | November 14, 2023
Colorado Gov. Jared Polis hoisted a red baseball bat and smashed emergency glass in a silly demonstration for a very real crisis, Colorado homeowners are looking down the barrel of a potential 40% jump in property tax bills. After a …
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ICBC Flies Top Executives to US in Race to Contain Hack Fallout

By Hometown Insurance | November 14, 2023
Within days of a cyberattack at its US unit, members of Industrial & Commercial Bank of China Ltd.’s management were on a plane. Officials from the world’s largest lender arrived in the US over the weekend in a hastily arranged …
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Economic Threats Top List of G20 Business Leaders’ Concerns: WEF Survey

By Hometown Insurance | November 14, 2023
Economic and societal threats – such as an economic downturn, inflation, and an erosion of social cohesion – rank among the biggest risks in G20 countries over the next two years, according to a global survey of business leaders conducted …
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2 Arrested After Atlanta Apartment Fire Linked to Fireworks Displaces 100+

By Hometown Insurance | November 14, 2023
ATLANTA (AP) — Two people have been arrested in connection with a fire that damaged an Atlanta apartment complex and led to more than a hundred evacuations. Atlanta news outlets reported that the fire happened Friday night. Firefighters were still …
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Arthur J. Gallagher & Co. Acquires Australia’s Edgar Insurance Brokers

By Hometown Insurance | November 14, 2023
Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers. Terms of the transaction were not disclosed. Edgar Insurance Brokers provides commercial insurance products and services in Australia with a client focus of rural and farm, …
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Markets/Coverages: WTW Launches Global D&O Excess Facility Called ‘A-Star’

By Hometown Insurance | November 14, 2023
Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new facility provides access to up to £/$/€ 80,000,000 additional capacity for directors & officers liability insurance, ensuring comprehensive protection for …
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Port Operator DP World Chips Away at Freight Backlog After Crippling Cyber Attack

By Hometown Insurance | November 14, 2023
DP World Plc is slowly working through a backlog of more than 20,000 freight containers piled up at Australian ports following a crippling cyberattack, as labor strikes impede a return to normal operations. DP World, one of the world’s largest …
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Travelers Webinar Focuses on Connecting Gen Z, Independent Agents

By Hometown Insurance | November 14, 2023
Members of Generation Z who have worked with insurance agents believe they are knowledgeable and help them make better choices. Nevertheless, Gen Z is under-tapped in the independent agent channel and over-indexes on direct writers. During a recent Travelers Institute …
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