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London-Based CNA Hardy Appoints Hairsine as Head of Construction
CNA Hardy, the London-based specialist commercial insurance provider within the Lloyd’s and company markets, is pleased to announce the appointment of Caroline Hairsine as the new head of Construction. Hairsine joins CNA Hardy from Zurich Insurance, where she was a …
Castel Launches Corporate Underwriting Cell, Targeting African Reinsurance
Castel Underwriting Agencies Ltd., the London-based MGA formation platform, has launched its first corporate underwriting cell, working with One Re, a specialist African-focused reinsurer, to target facultative reinsurance business across Sub-Saharan Africa. The underwriting cell, called One Facultative Acceptances*, will …
London-Based CNA Hardy Appoints Hairsine as Head of Construction
CNA Hardy, the London-based specialist commercial insurance provider within the Lloyd’s and company markets, is pleased to announce the appointment of Caroline Hairsine as the new head of Construction. Hairsine joins CNA Hardy from Zurich Insurance, where she was a …
Shanghai Asian Insurance Brokers Registered as 1st Chinese Lloyd’s Broker
Shanghai Asian Insurance Brokers Co. Ltd. (SAIB) has been registered as the first Chinese Lloyd’s registered broker. Based in Shanghai, SAIB specializes in liability insurance, special risk insurance and reinsurance, SAIB said in a statement, noting that it was insurance consultant …
VTech Data Breach Highlights Risk in Connected Toys, Internet of Things
U.S. states said they will investigate a massive breach at digital toy maker VTech Holdings Ltd as security experts warned that hackers are likely to target similar companies that handle customer data. Attorneys general in the U.S. states of Connecticut …
Insurance ‘Sting’ Aims to Catch Cargo Thieves During Their Busy Holiday Season
Somewhere in America, a tractor-trailer loaded with hidden surveillance equipment is parked at a truck stop or warehouse while authorities wait for thieves to steal it. No one is sure when, or even if, crooks will take it. But such …
Best, Worst States for Insurance Regulation
Vermont, Utah, Iowa, Virginia and Kentucky get an “A” and North Carolina an “F” in one think tank’s annual grading of states on how they regulate the property/casualty insurance industry. The 2015 Insurance Regulation Report Card, the R Street Institute’s …
Brown & Brown to Acquire Assets of MBA Insurance Agency of Arizona
MBA Insurance Agency of Arizona Inc., and Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., have entered into an agreement for the acquisition by Brown & Brown of substantially all of the assets of MBA. The parties …
Report: Penn State’s Sandusky Settlements Total Nearly $93M
Penn State settled with six more victims or accusers of Jerry Sandusky, according to a new audit that puts the school’s total payout in the child sex abuse scandal at nearly $93 million. The university’s audited financial statements for the …
Cross Insurance Executive Vice President Brent Cross Dies at 58
Brent Cross, executive vice president of Cross Insurance, an independent agency headquartered in Bangor, Maine, with offices throughout New England, died Nov. 26 at Mass General Hospital in Boston after a year-long battle with cancer, the agency said. He was …