Pivix Specialty Insurance Services Inc., a Scottsdale-based excess and surplus managing general agent distributing through wholesale brokers, has opened a brokerage division. Pivix, which is backed by Ambac Financial Group, Inc., entered the market last fall with a contract binding …
Pivix Specialty Launches E&S Brokerage Unit With Gramm at Helm Read More »
This edition of International People Moves details appointments at Markel Canada and Hiscox. A summary of these new hires follows here. Markel Canada Taps Berkeley’s Paris as VP, Product Line Leader – Primary Casualty Markel Insurance, the insurance operations within …
Rose Hammond pushed authorities for years to lower the 55 mph speed limit on a two-lane road that passes her assisted living community, a church, two schools and a busy park that hosts numerous youth sports leagues. “What are you …
States Rethink Practice of Setting Speed Limits Based on How Fast Drivers Travel Read More »
Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH. French companies with revenues of up to €1 billion can now access …
Markets/Coverages: MGA Coalition Launches Cyber Insurance in France Read More »
CNA Financial Corp., headquartered in Chicago, made several leadership appointments across key business segments. David Haas has been appointed president global specialty, where he will oversee financial lines, healthcare, affinity and warranty. A seasoned executive at CNA, Haas most recently …
People Moves: CNA Appoints Haas, Nardiello and Kim to Leadership Roles Read More »
As Russia held its Victory Day parade this year, hackers backing the Kremlin hijacked an orbiting satellite that provides television service to Ukraine. Instead of normal programing, Ukrainian viewers saw parade footage beamed in from Moscow: waves of tanks, soldiers …
Hijacked Satellites, Orbiting Space Weapons: In 21st Century, Space Is New Battlefield Read More »
Allianz SE sold $1.25 billion of perpetual notes Tuesday, the German insurer’s latest batch of risky bonds that investors said could set the tone for the subordinated debt market. The Restricted Tier 1 bond has an annual coupon of 6.55%, …
Allianz Raises $1.25 Billion in Perpetual-Bond Litmus Test Read More »
Solar and wind energy companies are betting on a novel form of insurance to protect their assets against wild and volatile weather — the very type of climate risk they were set up to fight. Renewable power projects can lose …
Renewables Battling Climate Change Now Need to Insure Against It Read More »
Less than a year after it purchased The General auto insurer, Sentry Insurance is leasing 105,000 square feet of office space in Nashville, giving The General new headquarters. The General, one of the largest non-standard auto insurers in the country, …
Sentry Leases 105,000 Square Feet for The General’s Offices in Nashville Read More »
The fatal explosion last week at U.S. Steel’s Pittsburgh-area coal-processing plant has revived debate about its future just as the iconic American company was emerging from a long period of uncertainty. The fortunes of steelmaking in the U.S. — along …
Fatal Explosion at 110-Year Old U.S. Steel’s Plant Raises Questions About Its Future Read More »
