INSURANCE NEWS
People Moves: BHSI Taps Holding From Aviva to Lead UK Marine; Ardonagh Specialty Names Goldenberg as Global Commercial Dir.; Lockton Re Adds Yeo, Terry to Cyber Team
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Ardonagh Specialty, and Lockton Re. A summary of these new hires and promotions follows here. BHSI Taps Holding From Aviva to Lead UK Marine Berkshire Hathaway …
Rokstone Launches Kentucky-based TPA for U.S. Agricultural Claims
Rokstone, a specialty insurance and reinsurance managing general agency, has launched a new third-party administrator service based in Kentucky. Part of the Aventum Group, Rokstone said its new Verus TPA will manage Rokstone’s agricultural claims in the United States. Two …
Carolina City Remorseful in $25M Settlement with Wrongfully Convicted Man
CONCORD, N.C. (AP) — A man wrongfully convicted and imprisoned for 44 years has reached a $25 million combined settlement with a central North Carolina city and the state of North Carolina involving a lawsuit accusing authorities of misconduct, the …
People Moves: Marsh Names Hennessy Northeast Leader; Lively Joins Alliant in Boston; ShoreOne Adds Carlson as CFO
Marsh Names Hennessy Northeast Zone Leader Marsh named Patrick Hennessy as zone leader for its eight Northeast offices. Based in New York, Hennessy brings 30 years of insurance brokerage, consulting and management experience to the role, having spent his entire …
SEC Approves Bitcoin ETFs in Watershed for Crypto Market
The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world’s largest cryptocurrency and the broader crypto industry. The Securities and Exchange Commission said it approved 11 applications, …
China Orders Banks, Insurers to Review Cyber and Data Security
China’s financial regulator told its banks and insurers to thoroughly review cyber and data security across all their businesses, underscoring the government’s increased focus on national security and data integrity. In a directive sent at the end of last year, …
Real Estate MGA Ventis Launches in UK
Ventis, the commercial and residential real estate managing general agent that provides tailored solutions for a range of property profiles, has opened for business. Founded by Gareth Roberts, previously head of Covéa’s Mid-Market Specialist and Network division, Ventis offers an …
Arthur J. Gallagher & Co. Acquires UK-Based MCMM Services Ltd.
Arthur J. Gallagher & Co. announced the acquisition of UK-based MCMM Services Ltd. (MCMM). Terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education Mutual, a mutual insurer that offers staff absence …
Stray Dogs Cause Over $350,000 in Damages at Houston Car Dealership
HOUSTON (AP) — A pair of strays have landed in the doghouse after being caught on video causing more than a quarter-million dollars’ worth of damage at a Houston car dealership. One dog, described as a bull terrier mix, was …
If China Invades Taiwan, It Would Cost World Economy $10 Trillion
War over Taiwan would have a cost in blood and treasure so vast that even those unhappiest with the status quo have reason not to risk it. Bloomberg Economics estimate the price tag at around $10 trillion, equal to about …
Wisconsin Assembly Republicans Introduce Limited Medical Marijuana Bill
MADISON, Wis. (AP) — Wisconsin Assembly Republicans’ highly restrictive plan to legalize medical marijuana in the state drew a lukewarm response from Senate Republicans and Democratic Gov. Tony Evers on Monday. The bill would limit medical marijuana only to severely …
Orion180 Expands Homeowners Insurance to Georgia and Indiana
Orion180 announced the expansion of its homeowners insurance products to the states of Georgia and Indiana. Underwriting through Orion180 Select Insurance Co., an admitted insurance company domiciled in Indiana, Orion180 offers the coverage through independent agency distribution partners in Georgia …