A Cape Town court ordered Santam Ltd. to pay out business-interruption claims to two South African hospitality companies, potentially opening up the industry to cover losses suffered because of the coronavirus pandemic. The court agreed with the approach of the …
Dwight W. Andrus Insurance Inc., based in Lafayette, La., has appointed Erroll “Charlie” Babineaux Jr. chief sales officer. Babineaux joined Dwight Andrus Insurance in 2005. Since joining the firm, Babineaux has consistently proven to be a top sales producer and …
Three Mid-Columbia farms are among those receiving the biggest fines in the state from the Washington state Department of Labor and Industries for serious violations of agriculture regulations to prevent the spread of the coronavirus. More than 20 farms have …
Cybersecurity has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head of insurance broker and consulting firm Marsh & …
Specialty insurer and reinsurer Convex Group Ltd. announced it has secured commitments for an additional $1.0 billion of equity capital, subject to the requisite regulatory approvals. Bermuda-based Convex launched in April 2019 with $1.7 billion of initial committed capital. This …
A small community college in northeast Kansas has settled a lawsuit accusing it of directing coaches to recruit more white athletes and subjecting Black students to excessive scrutiny such as background checks before offering them scholarships. Terms of the settlement …
Insurance technology company Zywave snatched up Advisen, a global insurance data provider, in a deal expected to fuel more rapid international growth. The acquisition includes Web Connectivity Ltd. (WCL), a UK-Based Advisen subsidiary whose technology supports the electronic placement of …
Houston, Texas-based Houston International Insurance Group (HIIG) is changing its name to Skyward Specialty Insurance Group (Skyward Specialty). The company said the launch of the new Skyward Specialty brand is one of many strategic actions implemented by new CEO Andrew …
Arch Insurance North America announced that Stephen Ruschak has been hired as executive vice president, Surety. Ruschak most recently was chief executive officer of The Guarantee Company of North America. In this role, Ruschak will have responsibility for Arch’s Surety …
Risk Placement Services (RPS) in Rolling Meadows, Ill., has hired Brian Foley to lead its National Personal Lines Practice. This is a new role created by the excess and surplus (E&S) wholesale insurance broker and managing general agency to advance …