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Archive: December 2022

Sompo Int’l Completes Sale of Lloyd’s Run-off Business to Legacy Specialist RiverStone
Insurance Journal | December 20, 2022
Sompo Int’l Completes Sale of Lloyd’s Run-off Business to Legacy Specialist RiverStone
Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced that it has completed the transfer of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Ltd (RiverStone International), after receiving regulatory approval from the …
Families Shattered by Tornadoes in Gulf
Insurance Journal | December 20, 2022
Families Shattered by Tornadoes in Gulf
A storm system that spawned dozens of reported tornadoes from Texas to the Florida Panhandle was all but done with the South last Thursday after killing at least three people and uprooting families across Louisiana, where some homes were blown …
EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Deal
Insurance Journal | December 20, 2022
EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Deal
The European Union reached an agreement to strengthen and expand its flagship carbon market, endorsing the centerpiece of the Green Deal strategy that aims to make its economy climate-neutral by mid-century. Under a provisional deal announced by representatives of EU …
EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens
Insurance Journal | December 20, 2022
EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens
European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling economy weakens resolve to punish Moscow for war in Ukraine. EU leaders agreed on Thursday [Dec. 15] to a ninth …
Fund Managers Frustrated Over Confusing ESG Regulations
Insurance Journal | December 20, 2022
Fund Managers Frustrated Over Confusing ESG Regulations
After a turbulent few weeks during which some of the world’s biggest asset managers removed coveted ESG tags from huge chunks of their business, industry bosses have had enough. Managers running the funds affected are now talking openly of the …
To Compete for IT Talent, Industry Must Embrace the Cloud
Insurance Journal | December 20, 2022
To Compete for IT Talent, Industry Must Embrace the Cloud
To compete for top IT talent, the insurance sector will need to evolve. Jay Rabinowitz, vice president of financial services and insurance at Workday, predicts that IT and data scientists at insurance companies will be recruited away by tech firms …
Elon Musk Claims He Was Doxxed. But What Exactly Is That?
Insurance Journal | December 20, 2022
Elon Musk Claims He Was Doxxed. But What Exactly Is That?
When Twitter abruptly suspended the accounts of several journalists with no explanation, the platform’s owner Elon Musk hinted at the possible reason: They allegedly doxxed him. “You dox, you get suspended. End of story. That’s it,” he said on a …
Small 3.6 Earthquake Confirmed in Northern California
Insurance Journal | December 19, 2022
Small 3.6 Earthquake Confirmed in Northern California
A small magnitude 3.6 earthquake struck the San Francisco Bay Area, jolting thousands of people awake and causing minor damage, the U.S. Geological Survey confirmed. The earthquake occurred at 3:39 a.m. Saturday and was centered in El Cerrito, according to …
Risk Strategies Buys Florida Condominium Insurance Agency
Insurance Journal | December 19, 2022
Risk Strategies Buys Florida Condominium Insurance Agency
Boston-based broker Risk Strategies announced it has acquired Statewide Condominium Insurance, a Vero Beach, Florida, retail broker focused on the condominium and apartment complex sectors. Founded in 1996, Statewide specializes in serving condominium operators and home-owners associations throughout the state, …
First MainStreet Enters South Dakota
Insurance Journal | December 19, 2022
First MainStreet Enters South Dakota
First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., announced its expansion into the state of South Dakota as the firm partners with Revo Insurance Alliance. Revo Insurance Alliance is an insurance agency located in Aberdeen, South Dakota, …