Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …
As hurricane season heats up, a growing number of properties located outside of FEMA-designated high-risk flood zones are already flooding. The problem is especially bad in the urban areas of America’s cities. A national survey shows nearly 85% report experiencing …
AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related to COVID-19 and warned of further shocks from the pandemic. The French insurer saw net income fall 39% from the …
German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million) in losses related to the coronavirus pandemic in the period. The company, which had already announced preliminary earnings in July, …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Edmonton, Alberta-based Insight Insurance & Risk Management Ltd. Terms of the transaction were not disclosed. Founded in 2013, Insight is a retail insurance broker serving clients …
The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance penetration rates in Lebanon generally are low, said AM Best in a market commentary. For the international market, however, marine …
DARAG Group Ltd., the Malta-based legacy acquirer, announced the acquisition of Arisa Assurances SA, an automobile and travel insurance company based in Luxembourg. The transaction will be conducted through DARAG’s German risk carrier, DARAG Deutsche Versicherungs-und Rückversicherungs-AG, and is subject …
Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Assad Ulhaq as senior broker and producer with immediate effect. In this role Ulhaq will focus on international property facultative reinsurance, primarily in Europe, the Middle East and …
Pie Insurance, a technology-driven workers’ compensation provider for small businesses, has a new portal that it says makes it easier for agents to submit their workers’ compensation accounts and track their status in real time. Pie said the portal features …
Oneglobal Broking, the London-based broker, announced the establishment of Oneglobal Group Asia and that its first operating company, Oneglobal Broking Hong Kong Ltd., has received regulatory approval from the insurance authority. Asian broking leader Anthony Langridge has been appointed chairman …