Approximately $11 billion of property catastrophe bond limit was placed in 2020, the highest on record, according to a new Aon report that projects the growth momentum will continue in 2021. While the year was a record for cat bond …
Hiscox Ltd., the international specialist insurer, announced the appointment of Stéphane Flaquet, who currently serves as CEO of Hiscox Europe, as its chief transformation officer for the group. In this newly created role, Flaquet will be responsible for overseeing the …
Renaissance Alliance Insurance Services Adds 33 Members in 2020 Renaissance Alliance, a network for independent insurance agencies, announced that 2020 represented the largest year of growth in the company’s history. In the midst of the pandemic, Renaissance added 33 new …
Quotech and Tenefit have announced a new partnership to bring new peril and loss-event data into insurance-market systems in real time, and to analyze that data effectively alongside the customers’ own data. Tenefit’s DisasterAWARE Enterprise™ solution is a global risk …
Owners of a solar energy farm in Massachusetts have reached a settlement with the state’s attorney general’s office to remediate a large tract of wetlands and riverfront damaged during construction of the site in 2018. Dynamic Energy Solutions agreed to …
A construction worker was killed when the excavator he was operating fell into a waterway, leaving him trapped him inside the equipment, authorities said. The man was part of a crew working at a site in Linden, New Jersey, when …
Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd’s syndicate. Operating with initial capitalization of $185 million, Mosaic is founded by insurance industry veteran Mitch Blaser, …
The National Fire Protection Association and State Farm have kicked off a funding awards application period for the eighth national Wildfire Community Preparedness Day on Saturday, May 1, which helps communities prepare for, and reduce, their risk of wildfire damage. …
Two farm groups are suing the state of Washington for failing to revise emergency regulations that seek to protect migrant farmworkers from the COVID-19 virus. The groups filed the lawsuit this week in Yakima County Superior Court. It seeks to …
Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a variety of nautical vessels and operators across the globe. Based in Yorkshire, UK, and founded in 1999 by Tony Usher, …