AM Best has placed the credit ratings of Argo Group International Holdings Ltd. and its subsidiaries under review with negative implications. These actions are a reaction to the sudden departure of Mark E. Watson III, Argo’s chief executive officer, but …
The maker of popular video game League of Legends has agreed to pay $10 million to female employees to settle a broad gender discrimination case. Court documents show that Los Angeles-based Riot Games will pay about 1,000 current and former …
Global insurance services firm H.W. Kaufman Group and its subsidiary Burns & Wilcox, a North American wholesale insurance broker and underwriting manager, have announced numerous leadership promotions. Twenty-three insurance industry associates across 15 locations in the United States and Canada …
The Surplus Lines Stamping Office of Texas (SLTX) says it recorded $513.68 million in Texas excess and surplus lines insurance premium in November 2019. This total continues the year’s trend of each month in 2019 setting record highs for that …
Global insurance broker Marsh has appointed Reid Sawyer as U.S. Cyber Risk Consulting leader. In this newly created role, Sawyer will lead the strategy and delivery of Marsh’s cybersecurity consulting services in the U.S., working with Marsh’s cyber insurance brokerage …
Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its global surety team with the addition of Andrew Adams as head of Surety in Canada. In this new role, Adams will establish and expand BHSI’s contract and commercial surety relationships …
Catalina Holdings (Bermuda) Ltd., the legacy re/insurance specialist, has reached an in principle agreement to acquire Asia Capital Reinsurance Group Pte. Ltd. (ACR), a Singapore-based reinsurance business. The acquisition is expected to close in the first half of 2020, subject …
Allianz Partners, a Henrico, Va.-based insurance company, has hired Jeff Wright as chief financial officer and Jim O’Connor as head of Operations. Wright succeeds Diane Babson, who took an assignment with another Allianz Partners business unit, while O’Connor fills a …
Hospital groups have challenged the Trump administration’s rule that requires hospitals to be more transparent about prices they charge patients for healthcare services, according to a lawsuit filed on Wednesday. The plaintiffs, including the nonprofit American Hospital Association (AHA), are …
United Valley Insurance Services Inc. has added two new members, JPL Insurance Services of San Diego, and Levoy & Associates Insurance Agency Inc. of Roseville. Both are in California. JPL Insurance Services serves clients in California, Arizona and Nevada. JPL …