Insurance

Beazley has been granted “in principle” approval from Lloyd’s to transition its Smart Tracker Special Purpose Arrangement (SPA) 5623 to a full syndicate with effect from the Jan. 1, 2023, subject to Lloyd’s agreement of the syndicate business plan and …

Premia Holdings Ltd., the Bermuda-based run-off specialist, announced that Premia Syndicate 1884 has entered into a loss portfolio transfer agreement with Hiscox Syndicate 33. The portfolio consists of a diverse mix of business underwritten by Syndicate 33 during years of …

The digital threat landscape of the COVID-19 pandemic is teaching insurers and other companies some valuable lessons about digital privacy in the wake of the U.S. Supreme Court’s overturning of the 1973 Roe v. Wade decision. Aaron Tantleff, partner at …

City of London workers looking to save money may want to embrace the office over winter as the cost of working from home soars alongside energy bills. Those prepared to go into the office every day could save about £50 …

Australia’s mounting extreme weather events threaten to make home insurance premiums unaffordable for an estimated 1 million households. On average, Australians living in high-risk areas like northern Queensland pay A$3,000 ($2,100) in annual premiums, or double that of residents in …

The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is legally permitted. The Fed said in a statement that while …

Greg Delleney, assistant captives director at the South Carolina Department of Insurance, has joined the capital management firm Risk Partners as captive account manager. Delleney began working for the SCDOI in 2010 and held a number of roles at the …

A private prison company has agreed to settle a federal lawsuit over a Tennessee inmate’s killing that gained national attention after a judge ordered the plaintiff’s attorney to stop tweeting about it. Tennessee-based CoreCivic and attorney Daniel Horwitz, who represents …

Satellite Agency Network Group, Inc. (SAN) reported that Foursurance Agency of Clifton Park, New York has joined the alliance. Foursurance is a full-service insurance agency specializing in auto, home, life, business and retirement products. The office is centrally located between …

Nearly $12 million has been made available to the National Park Service to repair flood damage to roads in Death Valley National Park, the U.S. Department of Transportation’s Federal Highway Administration said. Most roads in the desert park have been …