Gale-force winds lashed much of the northeastern U.S. on Monday, prompting tornado watches and flash-flood warnings. “Hold on to your hats!” the National Weather Service in Boston tweeted as gusts exceeding 50 mph and heavy rainfall bore down on a …
Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired Seymour Alper Inc. Terms of the transaction were not disclosed. Located in Mount Royal, Quebec, Canada, Seymour Alper Inc. is an insurance and risk management firm providing innovative …
Specialty insurer Crum & Forster (C&F) has acquired the renewal rights of Aspen’s U.S. food and beverage product recall insurance portfolio written primarily through the excess and surplus lines market. The company said the Aspen underwriting team servicing this portfolio, …
Fairfax Financial Holdings Ltd. announced it has entered into a binding agreement with CVC Capital Partners (CVC) to sell all of its interests in RiverStone Europe to private equity firm CVC Capital Partners for approximately $750 million. Fairfax also will …
California will provide temporary tax relief and $500 million in aid to small businesses struggling because of coronavirus outbreak restrictions, Gov. Gavin Newsom announced Monday. The tax measures include a three-month automatic extension of the income tax payment deadline for …
The 2020 hurricane season set records with the number of storms in Atlantic Ocean regions, but Hawaii escaped largely unscathed in the season that has now drawn to a close. The Central Pacific basin area experienced only an early tropical …
U.S.-based Genworth Financial Inc. reported that Chinese officials have renewed their approval of China Oceanwide Holdings Group’s acquisition of Genworth’s Delaware-domiciled insurer, allowing the deal to proceed to meet other regulatory requirements. The deal was originally proposed in 2016, but …
Judy Hein, 71, of Oxnard, Calif., was arraigned on five felony counts of insurance fraud after allegedly underreporting payroll for her Simi Valley roofing business by over $4 million, resulting in more than a $2 million loss to the State …
Cinven, an international private equity firm, and British Columbia Investment Management Corp. (BCI), one of Canada’s largest institutional investors, announced they have reached an agreement to acquire Compre, a specialist global consolidator of closed books of non-life insurance policies, from …
An Oregon mink farm has reported an outbreak of COVID-19 among animals and staff. The Statesman Journal reports the farm has been placed under quarantine, meaning no animals or animal products can leave the farm. The state has not said …