Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz, one of the world’s top asset managers, for failing to safeguard their investments during the coronavirus market meltdown. Market panic around the …
President Donald Trump, under fire over his handling of the coronavirus epidemic, announced on Monday the federal government would ship 150 million rapid tests to U.S. states and warned an increase in positive cases is likely in the days ahead. …
National insurance broker NFP has acquired the Austin, Texas-based employee benefits firm, Hutch Hubby & Associates. The acquisition is NFP’s third in central Texas in 2020. The firm’s principal, L. Hutch Hubby, brings NFP over 40 years of experience serving …
CAC Specialty has made several new hires to its M&A Solutions Group. Cameron Martin and Katie Flynn have been named senior vice presidents to the M&A Solutions Group, and Erica Kasperkowiak was named senior vice president of the newly created …
The Florida Supreme Court ruled Thursday that a school district can’t be forced to pay more than $300,000 total to the victims or their families in the Parkland high school massacre that left 17 people dead and another 17 wounded. …
Houston, a Gulf Coast city that barely rises above sea level, has long worried about a worst-case weather scenario — a direct hit from a powerful storm that sends a wall of water barreling into the region’s petrochemical facilities, possibly …
Reinsurance managing general agents are a rare breed as opposed to their more prevalent insurance-focused counterparts. The successful reinsurance MGAs have a niche, a focus. What they have in common is they are not commodity players. They aim to bring …
Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model. “For a reinsurance MGA to be successful and to have a strong offering, you have to …
Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that Envelop Risk inhabits. “We think we’re the only insurtech firm involved in cyber reinsurance from an underwriting perspective,” said Jonathan …
Evan Glassman saw a gap in the property insurance market—literally. Glassman, working as a retail producer in south Florida for most of his career, realized that the insurance industry’s products were not fully addressing the needs of commercial property insurance …