Vanbridge and GreensLedge launch joint venture and ALOC Facility
Vanbridge and GreensLedge have announced the formation of Convergence Point Solutions (CPS), their joint venture company.
Coverage for California utilities evaporates
Catastrophes, Disaster Management, Energy, Excess and Surplus Lines, General liability, P/C Insurers, Property
WTW expands US middle market reach with up to $1.3bn Newfront acquisition
Global insurance and reinsurance broking group WTW has agreed to acquire San Francisco-based Newfront, a top 40 US broker combining deep specialty expertise and cutting-edge technology, for upfront and contingent consideration payments amounting to $1.3 billion.
Gabrielle Griffith appointed Atrium’s Head of Motor
Atrium, an insurance group operating within Lloyd’s market, has announced the promotion of Gabrielle Griffith to the newly created role of Head of Motor.
MGM Resorts reports cybersecurity commitment, profit turn
Cyber Risks, Emerging Risks, Financial Results, Technology
PERILS places insured losses from southern Germany floods at €1.6bn
Zurich-based catastrophe insurance data provider PERILS has disclosed an initial industry loss estimate of €1.568 billion (USD 1.74 billion) for the floods in southern Germany from 31st May to 6th June 2024.
Seattle tunnel machine breakdown not covered by insurance
Construction, Coverage Disputes, P/C Insurers Munich Re
“Unprecedented, dynamic growth” forecasted for non-standard insurance sector: Prestige Underwriting
The non-standard insurance sector is forecasted to experience “unprecedented, dynamic growth” through to 2030, according to Prestige Underwriting, a specialist MGA in the market.
Chaucer launches new cyber risk management and insurance solution
Chaucer Group, a global specialty insurance and reinsurance group, has launched Vanguard, a new cyber risk management and insurance solution designed to protect organisations against an increasingly complex and evolving threat landscape.
Amynta Group buying New Orleans-based commercial surety broker
Agents and Brokers, Mergers and Acquisitions, Risk Management
FM appoints Laurel Rudnick and Danielle Harrison to key leadership roles
FM, a commercial property insurer, has announced the appointment of Laurel Rudnick and Danielle Harrison to key leadership positions.
Visa launches stablecoin settlement in the US
Visa has launched stablecoin settlement in the US, letting issuers and acquirers settle in Circle’s USDC token.