Genstar Capital announced on Monday it has exited its remaining stake in specialty property insurer Palomar Holdings Inc. in La Jolla, Calif. Genstar in 2014 partnered with current CEO Mac Armstrong to form Palomar, a new specialty insurance platform company …
Nebraska potentially faces nearly $3.7 billion in agricultural losses from the coronavirus pandemic if economic conditions do not improve, the Nebraska Farm Bureau said. Its estimate projects revenue losses for this year’s commodities, including corn, soybeans, wheat, beef cattle and …
A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats Offering risk management, underwriting and analytics, London-based Astaara will work with shipowners and ports operators to decrease their vulnerability to …
Global Risk Partners Ltd., the London-based independent insurance intermediary, announced that global private investment firm Searchlight Capital Partners has completed its acquisition of a majority stake in the group, following regulatory approval. Financial details of the deal, which was first …
Aspen Insurance Holdings Ltd. announced it has made some major changes to its management team, including the appointment of a non-executive director, two chief executive officers and a chief underwriting officer. The announcement also covers the appointment of Theresa Froehlich …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) is proposing penalties against BB Frame LLC, operating as Frame Q and as Owner and Principal Juan Quevedo, for exposing workers to multiple safety hazards at four Bergen County, …
Safety Insurance has extended its Personal Auto Relief Credit through June 30 to reflect changing consumer patterns and needs during the ongoing COVID-19 pandemic, according to a company press release. The original credit was announced in April and offered all …
The explosion of two tractor-trailers filled with fireworks in eastern Pennsylvania, killing one person and injuring another, is under investigation, officials said Wednesday. The Lehigh County coroner said 50-year-old Brian Ehret of Zionsville in Lower Milford Township was pronounced dead …
Nautilus Insurance Group has promoted two senior staff members to the position of executive vice president. Trish Buckhardt, senior vice president, chief operating officer (COO), and chief information officer (CIO), has been promoted to executive vice president while retaining both …
Note: In a previous story about there being fewer tornadoes in Oklahoma thus far in 2020, The Associated Press erroneously reported the number of tornadoes through the first five months of 2019. There were 127, not 186 during that time …