Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As part of the agreement, which values ReAssure at £3.25 billion ($4.3 billion), Swiss Re will receive a cash payment of …
Florida Insurance Commissioner David Altmaier has appointed Allison Hess Sitte as Government Affairs director for the Office of Insurance Regulation (OIR), effective Monday, Dec. 2, 2019. Sitte most recently served as the director of Legislative and Cabinet Affairs at the …
A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in 2019 while 68% have actually suffered a political risk loss. Disruption of international trade was considered the most significant risk …
Dallas-based Roach Howard Smith & Barton (RHSB) has added Cathilina Sutton to its Public Entities Practice Group. She will be serving as a senior account manager working closely with Allison Nixon, vice president, and Courtney Woodruff, senior vice president of …
Global insurance brokerage Hub International Limited (Hub) has acquired Nebraska-based insurance brokerage SilverStone Group (SilverStone). Terms of the transaction were not disclosed. With SilverStone, the company creates a new regional hub to be called Hub Great Plains, which will include …
AmTrust Financial Services has promoted Adam Karkowsky to the role of president of AmTrust, reporting to Barry Zyskind, chairman and chief executive officer. The company said Karkowsky will continue to also serve in the role of chief financial officer of …
The Missouri Department of Commerce and Insurance is recommending a 1.6 percent decrease in workers’ compensation insurance loss costs for 2020. This marks the sixth year in a row that average workers’ compensation rates will decrease. The 1.6 percent decrease …
Massachusetts prosecutors asked a judge to sentence a drain company owner to seven to 10 years in prison for his involvement in the collapse and flooding of a trench that killed two workers. Atlantic Drain Service owner Kevin Lee Otto, …
J.M. Wilson has promoted Adam Mandwee to senior fleet underwriter in its Portage, Michigan, office. Mandwee is responsible for evaluating transportation fleet submissions (11-plus units); quoting new and renewal transportation fleet business, binding and servicing new and existing policies, and …
Saxe Doernberger & Vita P.C. (SDV) has hired Associate Brian J. Clifford to its Northeast office. Clifford has almost a decade of experience in litigation, including insurance coverage, from depositions and discovery through mediations, trials and appeals. He has represented …