As the raging omicron variant of COVID-19 infects workers across the nation, millions of those whose jobs don’t provide paid sick days are having to choose between their health and…
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Legacy Specialist Enstar and Aspen Insurance Agree to $3.12B Loss Portfolio Transfer
Enstar Group Ltd. announced that one of its wholly owned subsidiaries has reached an agreement for a ground-up loss portfolio transfer (LPT) with Aspen Insurance Holdings Ltd. for its 2019…
MGA First Underwriting Forms £1B, 5-Year Capacity Deal With R&Q’s Accredited
First Underwriting Ltd., the London-based specialist MGA that is part of Kingfisher UK Holdings, announced a five-year capacity deal to place approximately £1 billion (US$1.4 billion) of gross written premium…
Florida OIR Says Claims Info Data Call Coming Early Next Year
Florida’s insurance commissioner announced that his office had begun a rulemaking process to draft a form insurers should use to report a wide range of data on claims, as required…
Insurer Need Not Defend Drug Chain in Opioid Suits Claiming Economic, Not Personal, Injury
In the latest turn in litigation over the opioid crisis, a state’s high court has found an insurer does not need to pay defense costs under a commercial general liability…
People Moves: BHSI Promotes Kidd to Country Mgr., Ireland; BMS Iberia Hires WTW’s Melero for Affinity Practice; Fidelis Promotes Jarvis to Deputy Dir. of Underwriting
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, BMS and Fidelis Insurance. A summary of these new hires follows here. BHSI Promotes Kidd to Country…
Kentucky Lawmakers Plan to Move Quickly on Tornado Recovery Package
Kentucky lawmakers, back in session, are planning to take up tornado-recovery legislation this week, with the goal of quickly distributing an initial round of assistance, House Speaker David Osborne said….
Hippo Expands Homeowners Association Insurance Offering to 15 States
Technology-driven insurer Hippo has expanded its commercial lines homeowners association (HOA) insurance offering into 15 additional states after debuting it last August in Arizona. Hippo’s HOA insurance is now available…
Transverse Insurance Completes $48M Capital Raise
New Jersey-based specialty insurer Transverse Insurance Group reported it has raised $48 million of additional capital to support expansion of its hybrid fronting insurance business. The $48 million raise was…
California Lawmakers to Consider Universal Healthcare Proposal
California lawmakers will start debating whether to create the nation’s first universal health care system in a key measure of whether the proposal will muster the support it needs to…