Insurance
Richard Li’s FWD Rises in HK Debut, Reversing Earlier Drop
Billionaire Richard Li’s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering that raised HK$3.5 billion ($442 million). The insurer’s stock climbed 1.1% to HK$38.40 on Monday, reversing a drop …
Read More North Dakota Unifies Insurance and Securities Departments Under New Law
North Dakota Insurance Commissioner Jon Godfread announced last week that the state’s Insurance and Securities are unifying into following the passage of Senate Bill 2214 during the 2025 legislative session. The new law allows the insurance commissioner to assume the …
Read More CRC Group Agrees to Acquire Lloyd’s Managing Agency Atrium Underwriting Group
CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd’s managing agency Atrium Underwriting Group Ltd. from investment funds managed by Stone Point Capital LLC and other investors. Atrium will retain its …
Read More Tax Increase on Litigation Funders Does Not Make Final Budget Bill
When Trump’s huge tax bill was signed into law July 4, missing were changes to the taxes third-party litigation funders pay. Once included within the One Big Beautiful Bill (OBBB) was language to tax earnings by litigation funders. Critics had …
Read More WalkerHughes Acquires Missouri’s Apogee
WalkerHughes Insurance, a privately held, founder-led retail insurance brokerage headquartered in Indianapolis, Indiana, is pleased to announce the addition of Apogee Insurance Solutions, LLC, a St. Peters, Missouri-based insurance agency, to its growing Missouri platform. This marks WalkerHughes’ second acquisition …
Read More Business Moves: Insurtech Wefox Raises €151M to Build New MGA Focus, Core Markets
Insurtech wefox has secured funding of €151 million ($177.8 million), which will enable the company to build its core market positions in Austria, the Netherlands, and Switzerland as well as its asset-light managing general agent (MGA) and smart insurance distribution …
Read More A Look at Some of the Deadliest Floods in the US in the Last 25 Years
Flooding has caused an average of more than 125 deaths per year in the United States over the past few decades, according to the National Weather Service, and flash floods are the nation’s top storm-related killer. Here’s a look at …
Read More ICE Raids Derail Los Angeles Economy as Workers Go into Hiding
Los Angeles was already struggling to revive its fragile economy after the most destructive wildfires in its history erupted six months ago. Now, immigration raids are driving workers crucial to the rebuilding into the shadows. Framers and landscapers are abandoning …
Read More People Moves: MEMIC Hires Ennis and Promotes Lagasse
The MEMIC Group, headquartered in Portland, Maine, promoted Karl Lagasse to vice president of business technology and hired Jason Ennis as director of architecture and innovation. Lagasse oversees the project management, software engineering, and quality assurance teams while spearheading the …
Read More California Wildfire Grows to Nearly 80,000 Acres, Forcing Evacuations
A wildfire on the central coast of California has grown to 84,080 acres, prompting evacuation orders and closing part of a highway. The Madre Fire, the biggest the state has seen this year, started on Wednesday and is burning in …
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