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Tag: insurance-journal

People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber
Insurance Journal | February 1, 2024
People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber
This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service Company Probitas, the Lloyd’s insurer, announced appointment of Robbin Botnick …
Top European Leaders Test Positive for Cancerous ‘Forever Chemicals’
Insurance Journal | February 1, 2024
Top European Leaders Test Positive for Cancerous ‘Forever Chemicals’
Chemicals linked to severe health issues including cancer, infertility, birth defects and immune system disruptions are everywhere and no one is safe from them — not even top politicians, according to a campaign advocating for a European Union-wide ban. Former …
Spenner Named Gallagher Re’s CEO, International, as Melia Retires
Insurance Journal | February 1, 2024
Spenner Named Gallagher Re’s CEO, International, as Melia Retires
Dirk Spenner has been appointed to the role of CEO, International, at Gallagher Re, taking over from Tony Melia, who is retiring after a career of over 40 years. Spenner’s new role is effective June 1, 2024. He joined Willis …
Markets/Coverages: Brace Underwriting Launches Brace USA
Insurance Journal | February 1, 2024
Markets/Coverages: Brace Underwriting Launches Brace USA
Brace Underwriting Limited recently announced the launch of Brace USA with Glenn Dorr as president and head of marketing, North America. reporting to Adam Holberry, Group CEO of Brace. Founded in October 2019 by group CEO Adam Holberry, London-based Brace …
Chubb Writing More Personal E&S but CEO Greenberg Doesn’t Like the Trend
Insurance Journal | February 1, 2024
Chubb Writing More Personal E&S but CEO Greenberg Doesn’t Like the Trend
Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly celebrating. While he reminded analysts during a fourth-quarter earnings conference call that the large majority of Chubb’s personal insurance portfolio …
What Would UK Labour Party’s Finance Sector Plan Mean for City of London?
Insurance Journal | February 1, 2024
What Would UK Labour Party’s Finance Sector Plan Mean for City of London?
Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global competitiveness following Brexit as top rival New York lures …
Boeing Is Sued by Shareholders Following MAX 9 Blowout
Insurance Journal | February 1, 2024
Boeing Is Sued by Shareholders Following MAX 9 Blowout
Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. …
Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best
Insurance Journal | February 1, 2024
Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best
The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and personal lines at 109.9, according to the latest underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman. …
Aviation Lessors Secure Settlements With Russia Totaling $2.5B for Trapped Planes
Insurance Journal | January 31, 2024
Aviation Lessors Secure Settlements With Russia Totaling $2.5B for Trapped Planes
Aircraft leasing firms have secured settlements with Russia totaling more than $2.5 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international lessors are handing ownership …
Louisiana Medical Group to Pay $480K Over Phishing Attack
Insurance Journal | January 31, 2024
Louisiana Medical Group to Pay $480K Over Phishing Attack
The U.S. Department of Health and Human Services (HHS), Office for Civil Rights (OCR), last month announced that Lafourche Medical Group, a Louisiana medical group specializing in emergency medicine, occupational medicine, and laboratory testing, agreed to a settlement over a …