News Archives - Insurance Journal

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11 04, 2025

People Moves: Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie, Europe; Berkshire Hathaway Specialty Insurance Promotes Gormley and Reddin in Ireland

By | April 11th, 2025|Uncategorized|Comments Off on People Moves: Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie, Europe; Berkshire Hathaway Specialty Insurance Promotes Gormley and Reddin in Ireland

Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie for Europe Arch Insurance announced the appointment of Paul Seip as head of Fine Art & Specie, European Markets, with immediate effect. Seip joins Arch Insurance (EU) …

10 04, 2025

NYC Tourist Helicopter Crashes in Hudson River, Killing Six

By | April 10th, 2025|Uncategorized|Comments Off on NYC Tourist Helicopter Crashes in Hudson River, Killing Six

A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …

11 04, 2025

People Moves: World Insurance Names Robinson SE Revenue Leader

By | April 11th, 2025|Uncategorized|Comments Off on People Moves: World Insurance Names Robinson SE Revenue Leader

James “Jay” Robinson, formerly with Aon, has joined World Insurance Associates as Southeast division revenue leader, the brokerage announced. Robinson has more than 20 years of experience in the insurance industry and recently was senior vice president and sales director …

11 04, 2025

Buffett’s Duracell Sued by BASF Over Lithium Battery Secrets

By | April 11th, 2025|Uncategorized|Comments Off on Buffett’s Duracell Sued by BASF Over Lithium Battery Secrets

Billionaire investor Warren Buffett’s Duracell battery maker was accused by chemical producer BASF SE of stealing trade secrets about lithium ion battery technology. BASF, the world’s biggest chemical maker by revenue, claims in a lawsuit that Duracell, owned by Buffett’s …

11 04, 2025

People Moves: Willis Names Spinelli Head of Transactional Insurance Claims; Amadori Joins Zurich From Markel to Head Management Liability

By | April 11th, 2025|Uncategorized|Comments Off on People Moves: Willis Names Spinelli Head of Transactional Insurance Claims; Amadori Joins Zurich From Markel to Head Management Liability

Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America. He leads the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) industry vertical division, overseeing the entire life …

11 04, 2025

Sweden Ousts Top Financial Services Regulator After Public Outcry

By | April 11th, 2025|Uncategorized|Comments Off on Sweden Ousts Top Financial Services Regulator After Public Outcry

Sweden ousted the country’s chief financial regulator amid a controversy over an apparent conflict of interest. Daniel Barr, head of the Financial Supervisory Authority, will leave his position on June 19 to work at another government office, according to a …

11 04, 2025

Hopes of ‘Brexit Benefit’ From Tariffs in UK Were Short-Lived

By | April 11th, 2025|Uncategorized|Comments Off on Hopes of ‘Brexit Benefit’ From Tariffs in UK Were Short-Lived

The US has decided – again – to upend the global trading system. With the latest raft of tariffs just beginning to kick in, and after a week in which markets worldwide fell precipitously, the Trump administration announced that it …

11 04, 2025

Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU

By | April 11th, 2025|Uncategorized|Comments Off on Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU

Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances. Resilience now offers tech E&O coverage for clients …

11 04, 2025

Novatae Risk Buys Up Ajax Specialty Insurance in Atlanta

By | April 11th, 2025|Uncategorized|Comments Off on Novatae Risk Buys Up Ajax Specialty Insurance in Atlanta

Dallas-based Novatae Risk Management, part of World Insurance Associates, has purchased Ajax Specialty Insurance, a wholesaler based in Atlanta. Andy Bierbaum is the owner of Ajax. He founded the company in 2012 and in 2018 brought in co-owner and partner …

11 04, 2025

Arthur J. Gallagher Completes Buy of Woodruff Sawyer

By | April 11th, 2025|Uncategorized|Comments Off on Arthur J. Gallagher Completes Buy of Woodruff Sawyer

Just over a month since insurance brokerage Arthur J. Gallagher & Co. said it had a definitive agreement in place to buy Woodruff Sawyer for $1.2 billion, the deal is closed. Gallagher said April 10 that the acquisition of San …