Colorado State University hurricane researchers are predicting an above-average Atlantic hurricane season in 2021, citing the likely absence of El Niño as a primary factor. The CSU Tropical Meteorology Project team is predicting 17 named storms during the Atlantic hurricane …
This wrap-up of International People Moves details recent appointments at Tremor Technologies, Mosaic, AIRMIC and Aeolus Capital Management Ltd. A summary of these new hires follows. Tremor Technologies Boston-based Tremor Technologies, the online reinsurance marketplace, announced that reinsurance executive Emmanuel …
The California FAIR Plan Association is publicly supporting a bill to amend the California Insurance Code to allow the FAIR Plan to write commercial coverage for permanent structures on farms. The California Fair Access to Insurance Requirements, or FAIR, Plan …
Hilb Group LLC (THG), a property/casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia, has acquired Indiana-based Star Insurance Agency. Star Insurance Agency is a full-service agency, providing fast, caring service to clients throughout the region. …
Hub International Ltd., a Chicago-based insurance broker, announced that it has acquired Wessex Financial Inc. in Canada. Terms of the transaction were not disclosed. Located in Calgary, Alberta, Canada, Wessex Financial is an independent employee benefits, life and living benefits …
American International Group announced that Claude E. Wade will join the company in the second quarter of 2021 in the newly created role, executive vice president, global head of Operations and Chief Digital Officer, AIG. Wade, who has 30 years …
A California federal court has declined to get involved with a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance. The case against the CDI is based upon a central claim that the …
Marsh & McLennan Agency LLC has acquired Missoula, Mont.-based PayneWest Insurance. Terms of the deal were not disclosed. PayneWest will operate as MMA’s Northwest regional hub under Kyle Lingscheit, CEO of PayneWest. Lingscheit will report to David Eslick, chairman and …
La Jolla, Calif.-based Palomar Holdings Inc. announced that through its wholly-owned subsidiaries, Palomar Specialty Insurance Co. and Palomar Excess and Surplus Insurance Co., the company has successfully closed a $400 million 144A catastrophe bond completed through Torrey Pines Re Pte. …
The Georgia Department of Public Safety has settled with 26 of the troopers it fired after they were accused of cheating on an exam. All but two of these former troopers were offered their jobs back as part of the …