News Archives - Insurance Journal

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14 05, 2024

People Moves: AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance; Fusion Specialty Hires 2 for M&A Team in London

By | May 14th, 2024|Uncategorized|Comments Off on People Moves: AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance; Fusion Specialty Hires 2 for M&A Team in London

This edition of International People Moves details appointments at AXA XL Reinsurance and Fusion Specialty. A summary of these new hires follows here. AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance AXA XL Reinsurance …

14 05, 2024

Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’

By | May 14th, 2024|Uncategorized|Comments Off on Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’

The 22 acquirers that make up the Sica Fletcher Index were involved in 111 agent-broker deals in the first quarter 2024, totaling $284 million in revenue. That is a 21% drop in revenue from what was acquired during the same …

9 05, 2024

Hospital Operator Ascension Warns of Suspected Cyberattack; Operations Disrupted

By | May 9th, 2024|Uncategorized|Comments Off on Hospital Operator Ascension Warns of Suspected Cyberattack; Operations Disrupted

Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident and advised business partners to temporarily disconnect from its systems. Earlier this year, UnitedHealth, the largest U.S. health insurer, had reported a cyberattack …

9 05, 2024

Tornadoes in Tennessee, North Carolina Kill Three, Damage Properties

By | May 9th, 2024|Uncategorized|Comments Off on Tornadoes in Tennessee, North Carolina Kill Three, Damage Properties

High winds, hail, heavy rain and tornadoes battered Southern states from Alabama to North Carolina Wednesday and Thursday morning, leaving three people dead and hundreds of properties with heavy damage. USA Today, CNN and other news outlets reported that the …

14 05, 2024

Hospital Operator Ascension ‘Making Progress’ to Restore Systems After Cyberattack

By | May 14th, 2024|Uncategorized|Comments Off on Hospital Operator Ascension ‘Making Progress’ to Restore Systems After Cyberattack

Hospital operator Ascension said on Monday that it “worked around the clocked” over the weekend to handle a recent ransomware attack that disrupted operations. “We are focused on restoring systems safely. We are making progress, however, it will take time …

9 05, 2024

St. Pete Looking at Downtown Transformation with Housing and New Rays Stadium

By | May 9th, 2024|Uncategorized|Comments Off on St. Pete Looking at Downtown Transformation with Housing and New Rays Stadium

ST. PETERSBURG, Fla. (AP) — The future of the Tampa Bay Rays is about to come into clearer focus as local officials begin public discussions over a planned $1.3 billion ballpark that would be the anchor of a much larger …

9 05, 2024

Markets/Coverages: Plymouth Rock Offers Discount on Pet Coverage From Fetch

By | May 9th, 2024|Uncategorized|Comments Off on Markets/Coverages: Plymouth Rock Offers Discount on Pet Coverage From Fetch

Northeast auto and home insurer Plymouth Rock Home Assurance and pet insurer Fetch are cooperating on a deal that offers Plymouth Rock insureds a 10% discount on pet insurance for the life of their pet through Fetch. The discount is …

14 05, 2024

Santander Flags Data Breach Hitting Some Clients, All Staff

By | May 14th, 2024|Uncategorized|Comments Off on Santander Flags Data Breach Hitting Some Clients, All Staff

Banco Santander SA said data managed by an external party was accessed without authorization, affecting information of clients and staff. “We recently became aware of an unauthorized access to a Santander database hosted by a third-party provider,” the Spanish lender …

9 05, 2024

AM Best Revises Ohio Indemnity Company’s Outlook to Positive

By | May 9th, 2024|Uncategorized|Comments Off on AM Best Revises Ohio Indemnity Company’s Outlook to Positive

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Ohio Indemnity Company (OIC) (Columbus, OH). The Credit Ratings (ratings) reflect …

9 05, 2024

Alera Group Acquires Texas’ Trimble-Batjer

By | May 9th, 2024|Uncategorized|Comments Off on Alera Group Acquires Texas’ Trimble-Batjer

Alera Group announced the acquisition of Texas-based Trimble-Batjer. Founded in 1883, Trimble-Batjer provides surety and bonds, business solutions, employee benefits and insurance coverage for auto, home, health and life. The San Angelo agency specializes in construction, oil and gas, farm …