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Tag: insurance-journal

People Moves: AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting Team; Markel Promotes Gordge to Head of Terrorism in London
Insurance Journal | April 19, 2024
People Moves: AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting Team; Markel Promotes Gordge to Head of Terrorism in London
This edition of International People Moves details appointments at Lloyd’s syndicate AEGIS London and Markel, the insurance operations within Markel Group. A summary of these new hires follows here. AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting …
Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute
Insurance Journal | April 19, 2024
Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute
James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty reinsurance business – after a period of legal wrangling that had threatened to derail the deal. The transaction, which was …
People Moves: Chubb Names Scheffler COO of Personal Risk Services; AXIS Appoints Morley Head of US E&O
Insurance Journal | April 19, 2024
People Moves: Chubb Names Scheffler COO of Personal Risk Services; AXIS Appoints Morley Head of US E&O
Chubb said it has promoted Melissa Scheffler to chief operating officer of Personal Risk Services (PRS). Currently, Scheffler serves as regional executive officer for the Mid-Atlantic region. In a corresponding move, Bryce Graham, who currently serves as the Philadelphia and …
Severe Storms Cause Damage in Middle U.S.
Insurance Journal | April 19, 2024
Severe Storms Cause Damage in Middle U.S.
ST. LOUIS (AP) — Strong storms caused damage in parts of the middle U.S. this week and spawned tornadoes in Kansas and Iowa, including one that left two people hurt. An EF-1 tornado touched down shortly after 6 a.m. Tuesday …
County Prosecutor Accused of Misusing Insurance Funds Resigns, Denies Wrongdoing
Insurance Journal | April 10, 2024
County Prosecutor Accused of Misusing Insurance Funds Resigns, Denies Wrongdoing
The top prosecutor in a northwestern New Jersey county has resigned amid a state probe into allegations that the office lied about caseloads to pad its budget with state money meant for fraud investigations. James Pfeiffer, who had been the …
Markets/Coverages: Antares’ Syndicate Launches Credit and Political Risks Consortium
Insurance Journal | April 10, 2024
Markets/Coverages: Antares’ Syndicate Launches Credit and Political Risks Consortium
Antares Global, the multinational group of insurance and related service companies, announced that Antares Syndicate 1274 has launched a consortium for the underwriting of credit and political risk insurance. The maximum line for the consortium initially will be $40 million. …
Texas DWC Accepting Comments on Routine Rule Changes
Insurance Journal | April 10, 2024
Texas DWC Accepting Comments on Routine Rule Changes
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) sent out a notice to workers’ compensation system participants that it will review all sections in the following chapters in Title 28, Texas Administrative Code: Chapter 120 (Compensation Procedure–Employers); Chapter …
Two Oklahoma Firefighters Injured Battling Wildfire That Prompted Evacuations
Insurance Journal | April 10, 2024
Two Oklahoma Firefighters Injured Battling Wildfire That Prompted Evacuations
MOORELAND, Okla. (AP) — Two Oklahoma volunteer firefighters are recovering after suffering burns battling a weekend wildfire in northwest Oklahoma, officials said. Mooreland firefighters Jared Brittain and Max Clark suffered injuries on Saturday when their truck was overrun by flames, …
People Moves: AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor; Newline Europe Names Beckers as Head of Cyber Liability
Insurance Journal | April 10, 2024
People Moves: AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor; Newline Europe Names Beckers as Head of Cyber Liability
This edition of International People Moves details appointments at AXIS Global Markets and Newline Europe. A summary of these new hires follows here. AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor AXIS Capital Holdings Ltd. announced …
Help Wanted: Alabama DOI Seeks Proposals on Actuarial, Examination Services
Insurance Journal | April 10, 2024
Help Wanted: Alabama DOI Seeks Proposals on Actuarial, Examination Services
The Alabama Department of Insurance is seeking requests for proposals for a range of professional services, including actuarial, accounting, insurer examination, market conduct and investment examination work. The department said in a bulletin Wednesday that contracts will be awarded for …