Liberty Specialty Markets (LSM), a division of the US Liberty Mutual Group, and Baobab Insurance, a digital underwriter of technical risks, are offering a new joint e-crime insurance product for small and medium-sized enterprises (SME) in Germany and Austria. LSM …
Chicago-based Hub International, an insurance broker and financial services firm with offices across North America, has acquired another agency in the Southeast. Hub announced that it has acquired the assets of C&L Marine Insurance, based in Boca Raton, Florida. President …
“Fire took everything, please help.” The headline was one of hundreds like it on GoFundMe campaigns that launched even as the embers of the fires in the Pacific Palisades and Altadena were still smoldering. They were a grim reminder that …
Private credit’s rush to attract money from retail investors is making the sector more vulnerable to the kind of liquidity mismatches found in traditional lenders, the Bank for International Settlements warned in a report on Tuesday. Direct lenders usually provide …
Hellman & Friedman is looking to raise at least $1 billion in equity from investors for Hub International Ltd., in a potential deal valuing the insurance brokerage at $30 billion, according to people familiar with the matter. The private equity …
Tropical Cyclone Jude made landfall on Mozambique’s northeastern coast in the early hours of Monday, bringing damaging winds and torrential rain near the nation’s main coal export terminal. The storm strengthened to the equivalent of a category 1 hurricane with …
Wholesale & Specialty Insurance Association (WSIA) members elected Phillip McCrorie to serve as 2025-2026 WSIA Chair. McCrorie serves as CEO and chairman of RSUI. He joined the WSIA Board in 2021 and the executive committee in 2024. Others elected for …
Belgian insurer Ageas has retained advisers to explore a bid for British motor and home insurer esure, four people familiar with the matter told Reuters, as part of plans to consolidate the UK personal lines market. Germany’s Allianz has also …
Zolve raised $251 million in its latest equity and debt financing round, the neo bank said on Tuesday, led by Indian private equity firm Creaegis, an existing investor, with participation from names like HSBC and SBI Investment. The latest funding, …
Alera Group, headquartered in Deerfield, Illinois, appointed Talicia Bashford as managing director of the Midwest region. Bashford will lead the growth of Alera Group’s capabilities and market share across the Midwest. She will focus on collaboration across offices, regions and …