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15 05, 2024

Advocates Demand Investigation into Missouri Boarding School Abuse Allegations

By | May 15th, 2024|Uncategorized|Comments Off on Advocates Demand Investigation into Missouri Boarding School Abuse Allegations

ST. LOUIS (AP) — Advocates for victims of abuse at Missouri boarding schools on Monday urged the state’s attorney general to launch an investigation, work with local prosecutors and take other steps aimed at stemming the tide of abuse. Three …

9 05, 2024

Hub International Acquires Certain Assets of Canada’s 2197747 Alberta Ltd.

By | May 9th, 2024|Uncategorized|Comments Off on Hub International Acquires Certain Assets of Canada’s 2197747 Alberta Ltd.

Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced the acquisition of certain assets from 2197747 Alberta Ltd., which is in turn partially owned by Carianne O’Connor. Terms of the transaction were not disclosed. Located in Edmonton, …

10 05, 2024

Wisconsin Wedding Barns Sue Over State’s New Liquor Law Requiring Licensing

By | May 10th, 2024|Uncategorized|Comments Off on Wisconsin Wedding Barns Sue Over State’s New Liquor Law Requiring Licensing

MADISON, Wis. (AP) — A pair of Wisconsin wedding barns sued the state Tuesday seeking to block enactment of a new law that requires them to get liquor licenses similar to other establishments that host events. Owners and operators of …

14 05, 2024

EU Countries Approve Law to Slash Trucks’ CO2 Emissions

By | May 14th, 2024|Uncategorized|Comments Off on EU Countries Approve Law to Slash Trucks’ CO2 Emissions

European Union countries gave their final approval on Monday to a law to cut carbon dioxide emissions from trucks, which will require most new heavy-duty vehicles sold in the EU from 2040 to be emissions-free. The law will enforce a …

9 05, 2024

Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure

By | May 9th, 2024|Uncategorized|Comments Off on Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure

Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker Advantage Sweet was boarded by Iranian …

14 05, 2024

VC Firm Accel Raises $650M to Invest in AI, Cybersecurity Startups in Europe, Israel

By | May 14th, 2024|Uncategorized|Comments Off on VC Firm Accel Raises $650M to Invest in AI, Cybersecurity Startups in Europe, Israel

Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity. The new fund will be Accel’s eighth since opening …

9 05, 2024

Progressive Set to ‘Maximize’ Growth, Building on Q1

By | May 9th, 2024|Uncategorized|Comments Off on Progressive Set to ‘Maximize’ Growth, Building on Q1

When Progressive’s chief executive officer weighed the words that should go into the management discussion section of the company’s first-quarter 10-Q report, she considered two possibilities to describe anticipated growth for the balance of 2024. “Was ‘maximize’ growth the right …

14 05, 2024

UK Broking and Underwriting Group, Jensten, Announces Strategic Restructuring

By | May 14th, 2024|Uncategorized|Comments Off on UK Broking and Underwriting Group, Jensten, Announces Strategic Restructuring

Jensten, the London-based independent insurance broking and underwriting group, announced a reorganization that aims to drive growth, bolster continued acquisitions, and expedite the integration of future acquisitions. This move closely follows the recent announcement of Jensten’s successful securing of £170 …

14 05, 2024

People Moves: AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance; Fusion Specialty Hires 2 for M&A Team in London

By | May 14th, 2024|Uncategorized|Comments Off on People Moves: AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance; Fusion Specialty Hires 2 for M&A Team in London

This edition of International People Moves details appointments at AXA XL Reinsurance and Fusion Specialty. A summary of these new hires follows here. AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance AXA XL Reinsurance …

14 05, 2024

Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’

By | May 14th, 2024|Uncategorized|Comments Off on Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’

The 22 acquirers that make up the Sica Fletcher Index were involved in 111 agent-broker deals in the first quarter 2024, totaling $284 million in revenue. That is a 21% drop in revenue from what was acquired during the same …