Howden Group said it will acquire ARM Group Holdings Ltd., the parent of Alternative Risk Management, giving Howden an in-house captive manager and greater international reach.
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USQRisk Promotes Harrington-Jones to Chief Operating Officer
USQRisk, the international managing general agent specializing in alternative risk transfer and unique risk solutions, announced today the promotion of Tony Harrington-Jones to chief operating officer.
Despite Heightened Risks, Casualty Reinsurance Renewals See Modest Price Changes
Reinsurers generally maintained adequate capacity for casualty programs during the January reinsurance renewal season, despite concerns about social inflation and recent reserve strengthening actions, according to a new AM Best commentary.
AIG ‘Significantly Improved’ Property Cat Structure and Reinsurance at 1.1 Renewals: CEO Zaffino
Global insurer AIG was able to “significantly improve” its property catastrophe structure and reinsurance coverage provided at the key January 1st, 2024, reinsurance renewals.
TWIA Committee Recommends $2B Increase in Cat Funding
Partly reflecting an increase in policyholders and exposure, a committee of the Texas Windstorm Insurance Association is recommending a $2 billion increase in catastrophe funding for the 2023 storm season.
Climate Change Has Hit Home Insurance. Is Health Insurance Next?
Climate change is making house insurance more expensive and harder to get. Health insurance could be next, as research shows extreme heat and wildfires are putting more people in the hospital.
Bayer Fights String of Roundup Trial Losses Including $2.25B Verdict in Philadelphia
When a Philadelphia jury awarded $2.25 billion in damages this year in a case that linked Roundup to a cable technician’s blood cancer, the verdict became the largest yet in the long-running litigation over the popular Monsanto weed killer.
Hagerty Agrees to $18.4M Deal to Acquire Consolidated National
Hagerty Insurance Holdings Inc. has agreed to an $18.4 million deal to acquire all outstanding capital stock of Consolidated National Insurance Co. from Everspan Insurance Co.
Surplus Lines Premium at Nearly $73 Billion for 2023
The 2023 annual report on surplus lines premium reported by the 15 U.S. surplus lines stamping and service offices was released today, and it shows continued surplus lines premium growth.
Flood Damage Raises Alarms About California’s Next ‘Disaster Insurance Gap’
Homes once prized for hillside views and apartment complexes on low-lying urban streets alike are increasingly under threat from severe flooding, mudslides and heavy winds.