2 06, 2021

People Moves: CompWest Names Mohammed Regional Manager, Monarch in California Adds Newsome

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CompWest Insurance has named Ibraheem Mohammed regional manager of business development. Mohammed will be responsible for CompWest’s large account business development, focusing on accounts with annual premiums over $350,000. Mohammed was previously a senior underwriter with The Hartford, and held …

1 06, 2021

Australian, North American Units of World’s Largest Meat Supplier Hit by Cyber Attack

By | June 1st, 2021|Uncategorized|Comments Off on Australian, North American Units of World’s Largest Meat Supplier Hit by Cyber Attack

MELBOURNE – Australian and North American units of the world’s largest meat works were hit over the weekend by an organized cyber attack on its information systems, Brazil’s JBS SA said in a statement. The attack caused its Australian operations …

2 06, 2021

Alabama Supreme Court Tosses County Claims Against Abbott Over Opioid Crisis

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MONTGOMERY, Ala. — The Alabama Supreme Court sided with Abbott Laboratories on Friday and threw out a lawsuit filed by Mobile County against the company over the opioid epidemic. In an 8-0 opinion in which one justice recused himself, the …

1 06, 2021

Intact Financial Corp. and Tryg Complete Acquisition of UK’s RSA Insurance

By | June 1st, 2021|Uncategorized|Comments Off on Intact Financial Corp. and Tryg Complete Acquisition of UK’s RSA Insurance

Intact Financial Corp. announced that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc., after receiving all required approvals. Toronto-based Intact retains RSA’s Canadian, UK and International entities, while Tryg, which is heaquartered in Ballerup, …

2 06, 2021

Mississippi Town Looks to Insurance After Fire Destroys Historic Train Depot and Museum

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McCOMB, Miss. — A massive fire wrecked a Mississippi city’s train depot and museum, a beloved restored landmark that dates back to McComb’s founding as a railroad town. No cause has been immediately determined for the fire that broke out …

1 06, 2021

Generali Completes Purchase of AXA’s Greek Units, Forms Bancassurance Agreement

By | June 1st, 2021|Uncategorized|Comments Off on Generali Completes Purchase of AXA’s Greek Units, Forms Bancassurance Agreement

Generali has completed the acquisition of AXA Group’s Greek subsidiary, AXA Insurance S.A., for €167 million ($204 million) in cash. The acquisition, which comprises AXA’s life & savings and property/casualty businesses (P/C), was first announced on Dec. 31, 2020. As …

2 06, 2021

People Moves: Upland Capital Adds Jones; Texas DWC Promotes Craddock ; GeoVera’s Garfield Joins HOAIC

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Upland Capital Group Dallas-based Upland Capital Group, the excess and surplus (E&S) casualty, property, and specialty insurance provider that launched earlier this year, has hired Mark Jones to be its chief risk officer, chief actuary, and head of Analytics. In …

1 06, 2021

Biden Backs States Against Manufacturers Over Prescription Drug Imports From Canada

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The Biden administration is urging a federal court to dismiss a lawsuit that could stand in the way of states like Florida in allowing prescription drugs to be imported from Canada. In a legal brief filed Friday, the White House …

2 06, 2021

Arthur J. Gallagher Acquires LDJ American Online Benefits Group in Texas

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Arthur J. Gallagher & Co. has acquired Addison, Texas-based LDJ American Online Benefits Group LLC (AOBG). Terms of the transaction were not disclosed. Founded in 2013, AOBG designs, markets and services supplemental health insurance and wellness products, including short-term medical, …

1 06, 2021

Willis Towers Watson Launches Sports and Entertainment Industry Group

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Insurance broker Willis Towers Watson announced the launch of a Sports & Entertainment Industry Group to support sports & entertainment (S&E) organizations and entertainment professionals seeking to identify, mitigate and transfer risks associated with the sector. Ian Tomlin, head of …