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Category: Insurance Journal

Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return
Insurance Journal | April 29, 2025
Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return
Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in its New York flotation, as the Bermudian specialty insurer looks to go public again in the United States after more than six years. Stock …
People Moves: CEO of Carbon Retires for Health Reasons, Succeeded by Ferrier; Chaucer Taps SCOR’s Brown, Everest’s Cleair as Underwriters for International Property
Insurance Journal | April 29, 2025
People Moves: CEO of Carbon Retires for Health Reasons, Succeeded by Ferrier; Chaucer Taps SCOR’s Brown, Everest’s Cleair as Underwriters for International Property
This edition of International People Moves details appointments at the managing general underwriter Carbon Underwriting and specialty re/insurer Chaucer. A summary of these new hires follows here. CEO of Carbon Retires for Health Reasons, Succeeded by Co-Founder Ferrier Carbon Underwriting …
Clearwater Boat Crash Kills One Person, Injures 10 at End of Festival
Insurance Journal | April 29, 2025
Clearwater Boat Crash Kills One Person, Injures 10 at End of Festival
The driver of a boat that appeared to leave the scene after a fatal crash in Clearwater, Florida, was not intoxicated but could still face multiple charges in the tragedy, according to local news media and the Associated Press. Authorities …
Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push
Insurance Journal | April 18, 2025
Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push
Uber Technologies Inc. is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer. The rideshare giant launched the campaign on Tuesday as …
USI Says Lockton, Former Team Leader Poached Workers, Harmed Client Relations
Insurance Journal | April 18, 2025
USI Says Lockton, Former Team Leader Poached Workers, Harmed Client Relations
USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships. Elisia Hahnenberg, who began her career …
Federal Judge Blocks Labor Department From Enforcing DEI Ban for Contractors
Insurance Journal | April 18, 2025
Federal Judge Blocks Labor Department From Enforcing DEI Ban for Contractors
A federal judge on Tuesday issued a preliminary injunction that prevents the U.S. Department of Labor from requiring government contractors and grant recipients to certify they do not operate any diversity, equity and inclusion programs that run afoul of anti-discrimination …
Major Florida Grower to Build New Home Development After Ending Citrus Operations
Insurance Journal | April 18, 2025
Major Florida Grower to Build New Home Development After Ending Citrus Operations
FORT MYERS, Fla. (AP) — One of Florida’s biggest citrus growers plans to build a 3,000-acre (1,200 hectare) community in southwest Florida, just months after announcing it was abandoning its citrus-growing operations at the end of this year’s season. Alico, …
Helicopter Crashes Into Hudson River With Multiple Fatalities
Insurance Journal | April 10, 2025
Helicopter Crashes Into Hudson River With Multiple Fatalities
A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …
People Moves: Markel Promotes Brooke to Senior Underwriter of War and Terrorism; BHSI Promotes Kidd to Newly Created Role of Head of Underwriting in Europe
Insurance Journal | April 10, 2025
People Moves: Markel Promotes Brooke to Senior Underwriter of War and Terrorism; BHSI Promotes Kidd to Newly Created Role of Head of Underwriting in Europe
Markel Promotes Brooke to Senior Underwriter of War and Terrorism Markel, the insurance operations within Markel Group Inc., announced that Matthew Brooke has been promoted to senior underwriter, War and Terrorism, effective immediately. Reporting to Chloe Gordge, head of War …
$5 Million Recovered for Union Hit by Spoofed Email
Insurance Journal | April 10, 2025
$5 Million Recovered for Union Hit by Spoofed Email
The Department of Justice recently recovered approximately $5.3 million for a union hit by a business email compromise (BEC) scheme. The judgment was the result of a civil forfeiture complaint filed by the United States in June 2024 seeking the …