INSURANCE NEWS
People Moves: The Mutual Group Names Troy as CEO
The Mutual Group, LLC announced Tom Troy as Chief Executive Officer, effective January 5, 2026. Troy has over 30 years of experience at several major insurance carriers, including senior leadership roles at some of the largest and most well respected …
Credit Suisse Bondholders Given Fresh Hope by Swiss Court Ruling
A Swiss court has given fresh hope to Credit Suisse bondholders who sought damages after their investments were wiped out when UBS Group AG rescued the bank in a government-brokered deal over two years ago. The complainants, some 3,000 investors, …
People Moves: Miller Taps Menn From Intact/RSA as Head of France; Aon UK Promotes Beverely as Chief Broking Officer, Gleeson as Head of Products
This edition of International People Moves details appointments at the re/insurance brokers Miller and Aon in the UK. A summary of these new hires follows here. Miller Taps Menn From Intact/RSA as Head of France Miller, the London-based independent specialist …
Texas Ag Commissioner at Odds with USDA Over Screwworm Control Methods
USDA slaps down Texas Agriculture Commissioner Sid Miller over New World Screwworm Kate McGee and Berenice Garcia, The Texas Tribune October 14, 2025 Texas Agriculture Commissioner Sid Miller is trading barbs with the Trump Administration over its response to a …
Stellantis to Invest $13B in the US, Focused on Midwest Plants
Stellantis STLAM.MI announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years. The plan, …
Specialist Risk Group Acquires Wholesale Team From Lockton
Specialist Risk Group (SRG), the London-based insurance intermediary, announced it has acquired a new wholesale team from Lockton. SRG said the move further strengthens SRG’s London market capability and expands its specialist proposition across its existing subsidiaries Miles Smith, CBC …
Alliant Expands Transportation Risk and Cross-Border Expertise in Texas
Alliant Insurance Services acquired Texas Insurance Agency in Laredo, one of the U.S.’s busiest international trade ports, specializing in cross-border trucking risk and insurance; as well as McAfee Insurance Agency in Mabank, a leading insurance service provider in East Texas. …
UK Is Making It Easier to Assess Public Flood-Defense Funding
The UK is making it easier for flood defense projects to access public funds as climate change increases the risk to homes. On Tuesday, the government announced changes to the way that funds are allocated to protect homes from river, …
Volvo, State Farm Partner on Point-of-Sale Auto Insurance
There has been another announcement of a relationship between insurance and an auto manufacturer. State Farm and Volvo are collaborating to provide Volvo customers across the U.S. with access to car insurance options when they buy a car. Volvo customers …
IMF Warns of Elevated Risk of ‘Disorderly’ Global Market Correction
Global markets are too comfortable with risks, including trade wars, geopolitical tensions and yawning government deficits, which, combined with already overpriced assets, increase the chance of a “disorderly” market correction, the International Monetary Fund said on Tuesday. Underscoring the IMF’s …
Delaware Supreme Court Hears Musk’s $56 Billion Pay Package Appeal
Elon Musk’s lawyers will urge the Delaware Supreme Court on Wednesday to restore his $56 billion pay package from Tesla, as one of the biggest corporate legal battles enters its final stage nearly two years after a lower court judge …
1 Dead, 2 Missing And Dozens Rescued After Remnants of Typhoon Lashed Alaska
One person was dead and two were missing in western Alaska after the remnants of Typhoon Halong over the weekend brought hurricane-force winds and ravaging storm surges and floodwaters that swept some homes away, authorities said. More than 50 people …