8 09, 2023

Hamilton Insurance Group Confidentially Files for US IPO

By | September 8th, 2023|Uncategorized|Comments Off on Hamilton Insurance Group Confidentially Files for US IPO

Hamilton Insurance Group said on Thursday it has confidentially filed for a U.S. initial public offering, at a time when there is growing momentum for deals involving insurance and reinsurance companies. The U.S. IPO market has seen a nascent recovery …

20 09, 2023

Private Prison Firm Pays Mississippi $5 Million After Audit Found Understaffing Issues

By | September 20th, 2023|Uncategorized|Comments Off on Private Prison Firm Pays Mississippi $5 Million After Audit Found Understaffing Issues

JACKSON, Miss. (AP) — A Utah-based private prison company has returned $5.1 million to the Mississippi Department of Corrections after an investigation found it failed to provide enough workers at one of the prisons it was operating, state Auditor Shad …

8 09, 2023

Allianz Unveils €20 Billion Spending Target in Net-Zero Transition Plan

By | September 8th, 2023|Uncategorized|Comments Off on Allianz Unveils €20 Billion Spending Target in Net-Zero Transition Plan

Allianz SE is planning to invest €20 billion ($21.4 billion) in renewable energy and low-carbon technology by 2030, as it unveils its first ever net zero transition plan. The German insurance and asset management giant also plans to increase revenues …

20 09, 2023

US Authorities Scrutinize if Credit Suisse Misled Investors Before UBS Rescue: Filing

By | September 20th, 2023|Uncategorized|Comments Off on US Authorities Scrutinize if Credit Suisse Misled Investors Before UBS Rescue: Filing

U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as it teetered towards a state-backed rescue by UBS six months ago. Credit Suisse “has received requests for documents and information” …

1 09, 2023

Brightway, The Herron Family Agency to Open in Texas

By | September 1st, 2023|Uncategorized|Comments Off on Brightway, The Herron Family Agency to Open in Texas

VeinTwain Herron, a Texas commercial real estate specialist, will open Brightway, The Herron Family Agency in Cedar Park this month. The agency offers customized Home, Flood, Auto, Boat, Condo, Renters, Personal Articles, RV, Motorcycle, Umbrella, Commercial and Life insurance. “Opening …

20 09, 2023

Markets/Coverages: Specialty MGA Nirvana Launches European W&I Binder

By | September 20th, 2023|Uncategorized|Comments Off on Markets/Coverages: Specialty MGA Nirvana Launches European W&I Binder

Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity (W&I) binder. The team has a total available line size of €20 million ($21.4 million), in partnership with a handful …

1 09, 2023

Louisiana Department of Insurance Opens Second Round of Incentive Program

By | September 1st, 2023|Uncategorized|Comments Off on Louisiana Department of Insurance Opens Second Round of Incentive Program

The Louisiana Department of Insurance (LDI) has opened the second round of the Insure Louisiana Incentive Program, which is designed to offer grants to insurers that write new policies in the state. The application period began Sept. 1 and goes …

20 09, 2023

Texas Universities Grapple with Implementation of Controversial DEI Ban

By | September 20th, 2023|Uncategorized|Comments Off on Texas Universities Grapple with Implementation of Controversial DEI Ban

The Texas A&M University System issued staff guidance earlier this month on how to comply with the state’s ban on diversity, equity and inclusion initiatives, providing a first glimpse into how Texas universities are navigating the thorny implementation of the …

1 09, 2023

People Moves: Kleinhenz Retires, Wells is Promoted at Celina Insurance Group

By | September 1st, 2023|Uncategorized|Comments Off on People Moves: Kleinhenz Retires, Wells is Promoted at Celina Insurance Group

Kleinhenz Retires, Wells is Promoted at Celina Insurance Group Mike Kleinhenz is retiring as senior vice president, chief financial officer and treasurer at Celina Insurance Group. Celina is headquartered in Celina, Ohio. Kleinhenz’s career at Celina began in 1987 as …

20 09, 2023

People Moves: Alliant Hires Montgomery as VP, Employee Benefits Group

By | September 20th, 2023|Uncategorized|Comments Off on People Moves: Alliant Hires Montgomery as VP, Employee Benefits Group

Alliant Insurance Services Hires Montgomery as VP, Employee Benefits Group Brian Montgomery has joined Alliant Insurance Services as vice president within its employee benefits group in Houston, Texas. Montgomery joins Alliant, based in Irvine, Calif., with over a decade of …