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21 01, 2025

People Moves: SCOR UK Promotes Mummé-Young to CUO; QBE Taps Allianz’s Marega for New Role of European Product Manager, Professional Indemnity

By | January 21st, 2025|Uncategorized|Comments Off on People Moves: SCOR UK Promotes Mummé-Young to CUO; QBE Taps Allianz’s Marega for New Role of European Product Manager, Professional Indemnity

This edition of International People Moves details appointments at SCOR UK and SCOR Syndicate as well as QBE. A summary of these new hires follows here. SCOR UK Promotes Mummé-Young to CUO SCOR announced the appointment of Henry Mummé-Young as …

21 01, 2025

Generali, BPCE to Form Europe’s Second-Largest Asset Manager

By | January 21st, 2025|Uncategorized|Comments Off on Generali, BPCE to Form Europe’s Second-Largest Asset Manager

Assicurazioni Generali SpA and BPCE have reached a preliminary deal to combine their investment units and create Europe’s second-largest asset manager amid a deal wave in the industry. The two firms signed a non-binding memorandum of understanding for a joint …

21 01, 2025

Kaplansky Insurance Buys 3 Massachusetts Agencies

By | January 21st, 2025|Uncategorized|Comments Off on Kaplansky Insurance Buys 3 Massachusetts Agencies

Kaplansky Insurance has acquired two central Massachusetts insurance agencies and a third in the western part of the state. The agencies acquired are Buckley Insurance and Mobilio Insurance in Worcester and Pijar Insurance in Holyoke. Buckley Insurance serves clients in …

21 01, 2025

FEMA Transfers $758M in US Flood Program Risk to 27 Private Reinsurers

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The Federal Emergency Management Agency (FEMA) said its reinsurance renewal for the National Flood Insurance Program (NFIP) included the transfer of nearly $758 million to the private market through the use of 27 reinsurance companies – up from 18 companies …

21 01, 2025

US Upgrades Probe Into Emergency Braking Issues in Certain Honda Vehicles

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The U.S. National Highway Traffic Safety Administration said on Monday it is expanding and upgrading a probe into about 295,125 American Honda vehicles over reports of crashes and injuries due to their automatic emergency braking systems. According to the reports, …

21 01, 2025

FEMA Transfers $758M in US Flood Program Risk to 27 Private Reinsurers

By | January 21st, 2025|Uncategorized|Comments Off on FEMA Transfers $758M in US Flood Program Risk to 27 Private Reinsurers

The Federal Emergency Management Agency said its reinsurance renewal for the National Flood Insurance Program (NFIP) included the transfer of nearly $758 million to the private market through the use of 27 reinsurance companies – up from 18 companies a …

21 01, 2025

LA Braces for Fire Risk From Bone-Dry Winds as Winter Rains Lag

By | January 21st, 2025|Uncategorized|Comments Off on LA Braces for Fire Risk From Bone-Dry Winds as Winter Rains Lag

Dangerous winds and drought will create extreme fire risk across Southern California Tuesday, putting more than 11 million people in the path of conditions that would allow blazes to spread quickly as the region holds out hope for rain. Seasonal …

21 01, 2025

Trucordia Acquires Rusty Healy Agency in Mississippi

By | January 21st, 2025|Uncategorized|Comments Off on Trucordia Acquires Rusty Healy Agency in Mississippi

Utah-based Trucordia, a top-20 U.S. insurance brokerage, has acquired the Rusty Healy Insurance Agency in Madison, Mississippi, the company said in a news release. Healy, founded more than 30 years ago, offers personal and commercial lines of coverage in the …

21 01, 2025

Florida Snowman: As Ice and Snow Come to the State, DeSantis Declares Emergency

By | January 21st, 2025|Uncategorized|Comments Off on Florida Snowman: As Ice and Snow Come to the State, DeSantis Declares Emergency

As a rare snowstorm was bearing down on northern Florida, Gov. Ron DeSantis on Monday declared a state of emergency for the region, readying the National Guard and state agencies to respond as needed. Alabama’s governor also declared a state …

21 01, 2025

Trump Curtails Protections Around Diversity, LGBTQ Rights

By | January 21st, 2025|Uncategorized|Comments Off on Trump Curtails Protections Around Diversity, LGBTQ Rights

The United States will recognize only two sexes, male and female, that are unchangeable, President Donald Trump ordered on Monday as he moved to quickly end a range of policies aimed at promoting racial equity and protecting rights for LGBTQ+ …