Insurance

Lockton Re, the global reinsurance business of independent insurance broker Lockton, has formed Lockton Re Capital Markets (LRCM), designed to serve clients by accessing broader pools of capital, thereby providing complementary solutions to existing client offerings. “This investment underscores our …

MS Amlin AG announced it would rebrand this month to MS Reinsurance, which is a reflexion of parent company MS&AD’s commitment to building a leading, globally diversified reinsurer. The company said that MS Reinsurance clients will continue to benefit from …

MILTON KEYNES, England — Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be needed permanently to help robot drivers …

Gallagher Re, the global reinsurance broker, announced the launch of the Gallagher Research Centre (GRC). Housed within Gallagher Re’s Global Analytics & Advisory centre of excellence and led by Dr. Tina Thomson as global head of Research, the GRC is …

Asia’s largest container shipping hub may face another major storm as Typhoon Muifa bears down on Shanghai and nearby Ningbo. The US Joint Typhoon Warning Center projects the typhoon’s path will hit the ports on China’s east coast Wednesday. The …

Virginia-based Towne Insurance has continued its steady rate of expansion with the acquistion of Lee-Moore Insurance Agency in North Carolina. The move is the ninth acquisition by Suffolk-headquartered Towne, company leadership said in a news release. The family-owned Lee-Moore has …

Rising seas will engulf millions of homes, business and parcels of land, and will reshape coastlines, property lines and local tax bases around the Southeast in less than 40 years. And Florida, North Carolina, Louisiana and Texas will see the …

King Insurance, a rapidly expanding brokerage based in Gainesville, Florida, has announced the acquisitions of two more Florida agencies. King officials said that it bought Tallahassee-based Brad Burns Insurance, which handles property/casualty insurance and employee benefits. The agency was founded …

Ahead of the 21st anniversary of 9/11, New York Governor Kathy Hochul signed legislation to provide support to 9/11 victims and survivors and their families. This support aims to remove barriers and delays in the Victim Compensation Fund and workers’ …

A bankruptcy judge on Sept. 8 granted the Boy Scouts of America (BSA) approval of its $2.5 billion reorganization plan, which will allow the organization to settle tens of thousands of sexual abuse claims. U.S. Bankruptcy Court Judge Laurie Silverstein’s …