News Archives - Insurance Journal

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3 04, 2024

Murdaugh Sentenced to 40 Years for Stealing Insurance, Other Funds from Clients, Firm

By | April 3rd, 2024|Uncategorized|Comments Off on Murdaugh Sentenced to 40 Years for Stealing Insurance, Other Funds from Clients, Firm

CHARLESTON, S.C. (AP) — For maybe the last time, Alex Murdaugh, in a prison jumpsuit instead of the suit he used to wear, shuffled into a courtroom Monday in South Carolina and was sentenced to 40 years in federal prison. …

3 04, 2024

Migrants Flown to Martha’s Vineyard by DeSantis Can Sue Charter Flight Company

By | April 3rd, 2024|Uncategorized|Comments Off on Migrants Flown to Martha’s Vineyard by DeSantis Can Sue Charter Flight Company

BOSTON (AP) — Lawyers representing migrants flown to Martha’s Vineyard nearly two years ago by Florida Gov. Ron DeSantis can sue the charter flight company that transported them, according to a ruling Monday by a federal judge in Boston. The …

3 04, 2024

Howden to Acquire French Broker OFRACAR

By | April 3rd, 2024|Uncategorized|Comments Off on Howden to Acquire French Broker OFRACAR

Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and capabilities to clients in north-west France. Financial details of the transaction …

3 04, 2024

Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos

By | April 3rd, 2024|Uncategorized|Comments Off on Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos

With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance product to help consumers …

3 04, 2024

­­­­­­­AXA Plans Cyber Risk Prevention Campaign Ahead of Paris Olympics

By | April 3rd, 2024|Uncategorized|Comments Off on ­­­­­­­AXA Plans Cyber Risk Prevention Campaign Ahead of Paris Olympics

AXA SA is planning a campaign to help prevent cyberattacks targeting France in the run-up to the Paris Olympics next summer. The insurer will share key measures with French corporate clients to improve the protection of their information systems, the …

3 04, 2024

PCF Insurance Acquires Alabama’s MK Insurance Agency

By | April 3rd, 2024|Uncategorized|Comments Off on PCF Insurance Acquires Alabama’s MK Insurance Agency

PCF Insurance Services, a brokerage operating in 40 states, has acquired Hoover, Alabama-based MK Insurance Group, a family owned commercial and personal lines agency in business for six decades. MK Insurance has specialized in insurance coverage for high net-worth individuals, …

3 04, 2024

People Moves: MS Amlin Promotes Geddes as Head of Reinsurance; Aon’s CFO Davies to Retire in 2025

By | April 3rd, 2024|Uncategorized|Comments Off on People Moves: MS Amlin Promotes Geddes as Head of Reinsurance; Aon’s CFO Davies to Retire in 2025

This edition of International People Moves details appointments at re/insurer MS Amlin and the broker Aon. A summary of these new hires follows here. MS Amlin Promotes Geddes as Head of Reinsurance MS Amlin, the Lloyd’s re/insurer, announced the promotion …

3 04, 2024

Palm Beach Elite Are Raising Money to Lure Vanderbilt to Florida

By | April 3rd, 2024|Uncategorized|Comments Off on Palm Beach Elite Are Raising Money to Lure Vanderbilt to Florida

Wealthy Florida residents and developers are looking to raise at least $300 million for Vanderbilt University to build a sprawling campus in West Palm Beach. Billionaire developer Steve Ross hosted a reception at his Palm Beach mansion on Monday for …

3 04, 2024

People Moves: Upland Promotes Walas to Chief Underwriting Officer

By | April 3rd, 2024|Uncategorized|Comments Off on People Moves: Upland Promotes Walas to Chief Underwriting Officer

Upland Capital Group, Inc., headquartered in Dallas, promoted Kate Walas to chief underwriting officer. Walas joined Upland as senior vice president for the professional liability errors and omissions product line. Before joining Upland, she served as the chief underwriting officer …

3 04, 2024

Generali Completes Acquisition of Conning and Affiliates From Cathay Life

By | April 3rd, 2024|Uncategorized|Comments Off on Generali Completes Acquisition of Conning and Affiliates From Cathay Life

Generali announced it has completed the acquisition of Conning Holdings Ltd. (CHL) and Conning affiliates from Cathay Life, a subsidiary of Taiwan’s Cathay Financial Holdings. The deal, which was first announced on July 6, 2023, has been structured as an …