Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority shareholders. Terms of the transaction were not disclosed. Founded in 2014, Castel …
Tackling hidden leverage across the multi-trillion dollar “shadow banking” sector is next year’s priority, global financial regulators said on Wednesday, but the challenge of accessing data could hamper the process. The G20’s Financial Stability Board (FSB) and IOSCO, a global …
Widely disruptive, large-scale hacks are surging. After a lull in 2022, ransomware attacks on high-value targets such as big companies, banks, hospitals or government agencies, have seen a “massive uptick” this year, rising 51% through late November, according to cybersecurity …
Washington Insurance Commissioner Mike Kreidler issued fines in November totaling $305,694 against insurance companies and insurance producers for violations of state insurance laws and regulations. Following are the fines, the reasons for them from the commissioner’s office and the details …
Leif Assurance Names Davis Creative Marketing Director Leif Assurance, headquartered in St. Louis, Mo., named Lauren Davis creative marketing director. Davis has worked as creative marketing director at Leif Assurance’s sister companies, Powers Insurance & Risk Management and Valley Insurance …
One person was injured and a house was severely damaged Friday by an early morning explosion at a home about 10 miles northwest of Reading, Pennsylvania. A male was hospitalized after the blast just before 7 a.m. in Bernville. A …
With prospects for a smoking ban in Atlantic City`s casinos looking hazier than ever, workers who want smoking banned took matters into their own hands, lips and lungs Thursday. Members of the United Auto Workers union disrupted a meeting of …
This edition of International People Moves details appointments at QBE Re, Intact Financial Corp., and Hamilton Names Riihiluoma as Head of Specialty Reinsurance. A summary of these new hires follows here. QBE Re Appoints Guarnori and Ahluwalia to Senior Roles …
Firefighters in Washington, D.C., on Friday battled a three- alarm fire that started in a three-story former firehouse under renovation near the U.S. Capitol. DC Fire and EMS said one firefighter declared mayday and was rescued. No injuries were reported. …
The Louisiana Department of Insurance (LDI) announced that several fire districts have received improved fire ratings between July and December 2023, which may lead to reduced fire insurance premiums for property owners in the associated area. According to LDI, fire …