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Castel Targets U.S. Professional Liability Business With Launch of Underwriting Cell
Castel Underwriting Agencies Ltd. has launched a new underwriting cell, North American Professional Liability (NAPL), to focus on professional service firms’ business in the U.S. The cell is writing both primary and excess layer coverage for larger risk managed clients …
POSTED OCTOBER 21, 2021 6:28 AM |
New Zealand Is 1st Country to Pass Climate Change Disclosure Laws for Insurers, Banks
New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business, officials said on Thursday. About 200 of the largest financial firms in New Zealand, …
POSTED OCTOBER 21, 2021 6:03 AM |
Acrisure Enters Brazilian Market with Purchase of Broker It’sSeg
Acrisure, the Grand Rapids, Mich.-based global insurance broker, announced it has signed an agreement to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The partnership with It’sSeg marks Acrisure’s entry into the Brazilian market and …
POSTED OCTOBER 21, 2021 6:00 AM |
AXIS Capital Accelerates Its Retreat From Coal Investments and Cover
AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. “It is our belief at AXIS that [insurance/reinsurance] industry needs to move to the forefront of the …
POSTED OCTOBER 21, 2021 5:41 AM |
Wright National Offers ‘Pinpoint’ Flood Insurance Policies in Georgia
Georgia homeowners now have another choice in flood insurance. Wright National Flood Insurance Services, underwritten by Zurich American, announced it has begun offering policies in the state. Using model-based rating methods, the program can pinpoint risk house by house, the …
POSTED OCTOBER 21, 2021 5:27 AM |
Asset Managers, Including Allianz, to Cut Portfolio Emissions by at Least 25% by 2025
By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’ Retirement System, intend to have cut the emissions of their portfolio holdings by at least 25%. The targets, which cover …
POSTED OCTOBER 21, 2021 5:12 AM |
No App for That: Florida Court Bans Lawyer-Finding Service, But More to Come
A Florida Supreme Court decision banning an app-based service from connecting ticketed drivers with lawyers may be a win for the law profession, but it is another impediment to average citizens gaining access to the court system, critics said. “This …
POSTED OCTOBER 21, 2021 5:01 AM |
People Moves: Marcello Joins Lockton as COO of Mountain West; Alliant Adds Hill in California
Lockton named Julie Marcello chief operating officer of its Mountain West operations. Marcello will be responsible for operations and business development for Lockton’s regional hub, including Denver, Phoenix, Las Vegas, Salt Lake City and Seattle. Marcello has 23 years of …
POSTED OCTOBER 21, 2021 5:00 AM |
‘We Cannot Do This Alone.’ Biden Cyber Crime Fighter Seeks Corporate Help.
U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals. “We cannot do this alone,” Monaco said on Wednesday during a virtual roundtable on …
POSTED OCTOBER 21, 2021 5:00 AM |
Oli Insurance Services Acquires Rose City Associates in Oregon
Oli Insurance Services Inc. has acquired Rose City Associates in Portland, Ore. Pete Lackner and Bob Asher created Rose City Associates in 2012 through a merger of their respective agencies, and will continue to lead their team of employees following …
POSTED OCTOBER 20, 2021 8:14 PM |
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