INSURANCE NEWS
Florida Butt-Lift Doctor Banned from Surgery After Second Patient Dies at Clinic
A second patient has died after surgery at a Brazilian butt-lift clinic in south Florida, and the state medical board has banned a surgeon there from performing the procedures. The Miami Herald reported that Dr. John Sampson will be allowed …
Supreme Court Temporarily Blocks LGBTQ Order at New York’s Yeshiva University
The Supreme Court has temporarily blocked a court order that would have forced Yeshiva University to recognize an LGBTQ group as an official campus club. The court acted Friday in a brief order signed by Justice Sonia Sotomayor that indicated …
G7’s Price Cap on Russia Oil Takes Shape but Will Russia Sidestep Insurance Rules?
The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost …
People Moves: Everest Re Taps Nationwide’s Rudow as Head of Cyber Reinsurance; BMS Re Names McDowell as Bermuda CEO, Binetti as Head of Casualty Treaty
This edition of International People Moves details appointments at Everest Reinsurance and BMS Re. A summary of these new hires follows here. Everest Re Taps Nationwide’s Rudow as Global Head of Cyber Reinsurance Everest Reinsurance, the reinsurance division of Everest …
Lockton Re Forms Capital Markets Unit
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 to Rebrand as ‘MS Reinsurance’
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 …
Autonomous Cars May Always Need Remote Human Supervisors, Experts Say
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 Launches Academic Research Center
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 …
Typhoon Muifa Takes Aim at Asia’s Largest Port of Shanghai
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 …
Towne Insurance Snaps Up Lee-Moore Agency in North Carolina
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 …
Study Says Rising Seas to Affect $108B in SE Property; Tax Bases will Suffer
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 …
Biz Moves: King Insurance Acquires Two More Agencies in Florida
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 …