News Archives - Insurance Journal

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25 07, 2022

People Moves: AXA XL Names Ensurance’s Burgess as U/W, Construction, UK & Lloyd’s; Aon strengthens M&A and Transaction Team With 3 Hires

By | July 25th, 2022|Uncategorized|Comments Off on People Moves: AXA XL Names Ensurance’s Burgess as U/W, Construction, UK & Lloyd’s; Aon strengthens M&A and Transaction Team With 3 Hires

This edition of International People Moves details appointments at AXA XL and Aon. A summary of these new hires follows here. AXA XL Names Ensurance’s Burgess as Sr. Underwriter, Construction, UK & Lloyd’s AXA XL Insurance announced it has appointed …

28 07, 2022

Medical Helicopter in Ohio Crashed on Way to Fatal Accident

By | July 28th, 2022|Uncategorized|Comments Off on Medical Helicopter in Ohio Crashed on Way to Fatal Accident

A medical helicopter responding to the scene of a fatal accident in southwestern Ohio crashed this week when it hit power lines, but no one aboard the aircraft was seriously injured, authorities said. Three crew members were in the CareFlight …

26 07, 2022

One-Quarter of Firms Operating at Lloyd’s Reach 35% Target for Women Leaders

By | July 26th, 2022|Uncategorized|Comments Off on One-Quarter of Firms Operating at Lloyd’s Reach 35% Target for Women Leaders

A quarter of firms operating at Lloyd’s of London have reached the commercial insurance market’s target for 35% of leaders to be women, though progress on diversity was “incremental,” Lloyd’s said in a report on Monday. Lloyd’s has been trying …

25 07, 2022

Connecticut Law Focuses on Teens Charged With Repeat Motor Vehicle Thefts

By | July 25th, 2022|Uncategorized|Comments Off on Connecticut Law Focuses on Teens Charged With Repeat Motor Vehicle Thefts

Connecticut has updated its criminal justice laws to speed up law enforcement’s responses when young people are charged with repeated motor vehicle theft and other crimes. Gov. Ned Lamont has signed the bipartisan law (Public Act 22-115) that supporters hope …

28 07, 2022

Applied Underwriters Debuts Entertainment & Sports Division

By | July 28th, 2022|Uncategorized|Comments Off on Applied Underwriters Debuts Entertainment & Sports Division

Steve Menzies, chairman of Applied Underwriters, announced the formation of Applied Entertainment & Sports, a new division of the company that will consolidate existing business and add substantial new business in an innovative and aggressively postured entertainment and sports unit …

26 07, 2022

Return of Coal as Alternative to Russian Gas Threatens European Firms’ ESG Ratings

By | July 26th, 2022|Uncategorized|Comments Off on Return of Coal as Alternative to Russian Gas Threatens European Firms’ ESG Ratings

European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability. Despite an energy crisis following sanctions on Russia, major …

28 07, 2022

Trial Begins in Alex Jones’ Sandy Hook Damages Lawsuit

By | July 28th, 2022|Uncategorized|Comments Off on Trial Begins in Alex Jones’ Sandy Hook Damages Lawsuit

Conspiracy theorist Alex Jones repeatedly “lied and attacked the parents of murdered children” when he told his Infowars audience that the Sandy Hook Elementary School shooting was a hoax, an attorney for one of the victim’s parents said Tuesday at …

25 07, 2022

HSB (UK and Ireland) Creates Commercial Division to Streamline Service

By | July 25th, 2022|Uncategorized|Comments Off on HSB (UK and Ireland) Creates Commercial Division to Streamline Service

HSB (UK and Ireland) announced the formation of a new Commercial Division, creating closer alignment between its business development, underwriting and claims teams. The division, headed by Terry Dyson, who has been appointed Commercial Director, will focus on delivering a …

28 07, 2022

Greensill Capital Sued by 277 Former Employees Over Firm’s Collapse, Job Losses

By | July 28th, 2022|Uncategorized|Comments Off on Greensill Capital Sued by 277 Former Employees Over Firm’s Collapse, Job Losses

A group of ex-Greensill Capital employees sued the defunct firm in London, accusing management of unfairly keeping them in the dark about the company’s “imminent danger of collapse.” A group of 277 employees — less than half the UK workforce …

26 07, 2022

Japanese Insurers Sell Heatstroke Coverage as Temperatures Soar to Record Levels

By | July 26th, 2022|Uncategorized|Comments Off on Japanese Insurers Sell Heatstroke Coverage as Temperatures Soar to Record Levels

As temperatures soar to unprecedented levels from Europe to Asia this summer, some Japanese insurance companies have begun selling policies to protect people struck down by the heatwave. Sompo Holdings Inc. and Sumitomo Life Insurance Co., two of the country’s …