The Oklahoma Insurance Department (OID) has appointed Donald Ashwood as captive coordinator, a position in which he will coordinate increased activity with captive insurers in Oklahoma. Ashwood joined the OID in 2014 and most recently served as financial operations officer. …
Approximately $11 billion of property catastrophe bond limit was placed in 2020, the highest on record, according to a new Aon report that projects the growth momentum will continue in 2021. While the year was a record for cat bond …
USG Insurance Services, Inc., a national wholesaler and MGA, has added Bob Reardon as Business Development manager: Southeast. Reardon joined USG in July 2020 as the branch manager of the Alpharetta, Ga., satellite office. Reardon has 28 years of combined …
Workers’ compensation underwriters are about to be tested in the marketplace like never before. While the current situation is not all because of the pandemic, the pandemic has “put gas on a fire that was already burning,” according to a …
In his State of the State address on Feb. 2, Texas Gov. Greg Abbott advocated liability protections for businesses faced with lawsuits related to the coronavirus pandemic. In his prepared remarks, Abbott said business owners “have gone above and beyond …
Hiscox Ltd., the international specialist insurer, announced the appointment of Stéphane Flaquet, who currently serves as CEO of Hiscox Europe, as its chief transformation officer for the group. In this newly created role, Flaquet will be responsible for overseeing the …
Renaissance Alliance Insurance Services Adds 33 Members in 2020 Renaissance Alliance, a network for independent insurance agencies, announced that 2020 represented the largest year of growth in the company’s history. In the midst of the pandemic, Renaissance added 33 new …
The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off the ground. Lev …
Quotech and Tenefit have announced a new partnership to bring new peril and loss-event data into insurance-market systems in real time, and to analyze that data effectively alongside the customers’ own data. Tenefit’s DisasterAWARE Enterprise™ solution is a global risk …
Insurer Allstate reported improved auto underwriting results and strong investment returns for the fourth quarter 2020. Net income was up 52% to $2.6 billion for the quarter compared to net income of $1.7 billion in the same quarter in 2019. …