International specialty insurer Ryan Specialty announced the formation of a new collateralized reinsurance vehicle called Ryan Alternative Capital Re, Ltd. (RAC Re) RAC Re will deliver additional capacity to Ryan Specialty Underwriting Managers’ portfolio of syndicated delegated authority P/C insurance …
Ryan Specialty Launches New Sidecar to Support its Delegated Underwriting Read More »
The Alabama Department of Insurance has promoted Dusty Smith to the role of deputy commissioner, replacing Jimmy Gunn, who is retiring after 36 years at the department. Smith, a former insurance agent, joined the department in 2011 and has served …
Smith to Replace Retiring Gunn as Deputy Commissioner at ALDOI Read More »
Firefighters are slowly gaining on several wildfires burning in the foothills of the Sierra Nevada area, forcing evacuations and destroying buildings in a historic mining town. The TCU September Lightning Complex fires, which were started by numerous lightning strikes that …
Containment Grows on Wildfires That Forced Evacuations, Destroyed Buildings Read More »
Even after more than three years of Republican-led attacks against environmental, social and governance investing, the strategy is still “extremely important,” according to RBC BlueBay Asset Management. “Focusing on ESG as part of your investment framework can genuinely help you …
RBC BlueBay Says ESG Is ‘Extremely Important’ for Investors Read More »
Apollo Global Management Inc. resolved a lawsuit against two former executives of insurance unit Athene Holding Ltd. just days before the matter was set to go to trial. In a Wednesday filing in New York state court, the private equity …
Apollo Settles Fight With Ex-Athene Executives Before Trial Read More »
Gannett, the largest U.S. newspaper publisher, won the dismissal of most of a lawsuit, including all class action claims, alleging its diversity policies led to widespread discrimination against white journalists. U.S. District Judge Rossie Alston said on Wednesday the plaintiffs …
Publisher Gannett Wins Dismissal of Nearly All of Journalists’ Job Bias Lawsuit Read More »
Judd Joins AXA XL Energy Underwriting Team AXA XL, in Stamford, Connecticut, hired Eric Judd as an executive underwriter on its energy underwriting team in the Americas in New York. With more than three decades of experience in the insurance …
People Moves: Judd Joins AXA XL Energy Read More »
President Donald Trump will soon ask the Supreme Court to throw out a jury’s finding in a civil lawsuit that he sexually abused writer E. Jean Carroll at a Manhattan department store in the mid-1990s and later defamed her, his …
Trump to Ask Supreme Court to Toss Carroll’s $5 Million Abuse and Defamation Verdict Read More »
Massachusetts Governor Maura Healey said Thursday the state had ordered insurers to cover vaccines backed by its health department, even if the U.S. Centers for Disease Control and Prevention issue narrower recommendations. Insurers would no longer rely solely on CDC …
Mass. Orders Insurers to Cover State-Backed Vaccines, Even Without CDC Support Read More »
This post is part of a series sponsored by Old Republic Surety. Early in my underwriting career, it wasn’t unusual to meet a company owner who had recently climbed down from a ladder or the seat of a bulldozer to …
Advice From a Surety Underwriter to the Owner of a Start-Up Construction Company Read More »
